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Property profile & analytics
OFF-MARKET
Estimated value
$24,175,000
Specialty properties
Bridgewater Lks Way Lakeland, FL 33805
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-7264322
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2022
Total area
7,920 SF
Lot
30.87 ac (1,344,567 SF)
APN
242721161750011020
UPID
US18-7264322
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.18M
Owner & transaction history
Hpi Bridgewater LLC · 1 yrs held
Hpi Bridgewater LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lakeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$3,052 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,625,153
Tax year 2023
Assessed value
$89,148,161
Assessed 2023
Previous assessed
$838,350
+10,533.8% YoY
Effective rate
1.82%
On assessed value
Total market value
$89,148,161
Applied tax rate
91,510.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
14
Stories
1
Total area
7,920 SF
Lot
30.87 ac (1,344,567 SF)
APN
242721161750011020
UPID
US18-7264322
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Stories
1
Buildings
14
Lot
30.87 ac
Current owner
From public records · entity-resolved
Hpi Bridgewater LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3517 RETAIL DR, PHENIX CITY, AL 36869-4101
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
$57,375,000
Hpi Bridgewater LLC
Bridgewater Grand LLC
Special Warranty Deed
—
Jan 30, 2020
—
Bridgewater Grand LLC
—
Deed
related
$22,860,000 · Servisfirst Bk
May 30, 2019
$2,500,000
Bridgewater Grand LLC
Gp Homes LLC
Grant Deed
$1,875,000 · Servisfirst Bk
Sep 23, 2013
$2,960,000
Gp Homes LLC
Bridgewater Lakeland Developer
Grant Deed
—
Aug 21, 2012
—
Lakeland Developer Bridgewater
—
Deed Of Trust
related
$350,000,000 · Wilmington Trust Co
Jun 14, 2010
—
Lakeland Developer Bridgewater
—
Deed Of Trust
related
$275,000,000 · Deutsche Bank Trust Co America
Aug 13, 2008
—
Lakeland Developer Bridgewater
—
Deed Of Trust
related
$306,525,000 · Bank Of America
—
—
Lakeland Developer Bridgewater
—
Deed Of Trust
related
$50,000,000 · Jefferies Finance LLC
—
—
Bridgewater Grand LLC
—
Loan Modification
related
$22,860,000 · Servisfirst Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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