LEE COUNTY PROPERTY APPRAISER GENERATED ON 1/10/2025 5:26 AM Current Working Values
SITE ADDRESS
4600 SUMMERLIN RD
OWNER'S NAME
PSM COLONIAL CROSSINGS LLC
OWNER'S ADDRESS
PO BOX 32018
LAKELAND FL 33802
PROPERTY DESCRIPTION
PAR IN NW1/4 OF NW1/4 DESC
OR 2250/925 LES 60.002A
60.003 60.004 + R/W LESS INSTRUMENT 2023000182329
DOR CODE 16 - COMMUNITY SHOPPING CENTER
NBHD CODE
55-201.0
COLONIAL CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 9 RIGID FRAME W/BAR
ROOF COVER 4 BUILD UP TAR AND G
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 4 ROOF TOP
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 0.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1992 10,155 100 10,155   *
FINISHED OPEN PORCH 1992 1,466 30 440   *
FINISHED UTILITY 1992 144 50 72   *
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 11,765 10,667 0
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 177822.00 4.00 1.00 L 1992 2.00 0.60 - *
2 SLAB SLAB - CONCRETE 0.00 0.00 1506.00 6.93 1.00 L 1992 2.00 0.60 - *
3 WALL DC WALL - DECORATIVE - C.B.S. 0.00 0.00 828.00 18.92 1.00 L 1992 2.00 0.60 - *
4 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 11764.00 2.40 1.00 B 1992 2.00 0.60 - *
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 0
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1600 CMMNTY SH CTR CG 0 0 1.00 1.00 0 4.00 355,493.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 1,421,972
FOLIO ID: 10621737 STRAP: 02-45-24-P1-00060.0000
CARD 1 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.87 155.09 134.93 10,667 1,439,298 60% 863,579
IMP TYPE 39 - Shopping Center - Community MODEL 4 - COMMERCIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
 
 
 
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE * *
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE * 1,421,972
COST APPROACH VALUE * *
INCOME APPROACH VALUE 15,078,046 15,078,046
SALES APPROACH VALUE * *
MARKET VALUE * 15,078,046
* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.
LEE COUNTY PROPERTY APPRAISER GENERATED ON 1/10/2025 5:26 AM Current Working Values
SITE ADDRESS
4600 SUMMERLIN RD
OWNER'S NAME
PSM COLONIAL CROSSINGS LLC
OWNER'S ADDRESS
PO BOX 32018
LAKELAND FL 33802
PROPERTY DESCRIPTION
PAR IN NW1/4 OF NW1/4 DESC
OR 2250/925 LES 60.002A
60.003 60.004 + R/W LESS INSTRUMENT 2023000182329
DOR CODE 16 - COMMUNITY SHOPPING CENTER
NBHD CODE
55-201.0
COLONIAL CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 9 RIGID FRAME W/BAR
ROOF COVER 4 BUILD UP TAR AND G
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 10 TERRAZZO MONOLITHI
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 4 ROOF TOP
QUALITY 4.0000 ABOVE AVERAGE
LIVING UNITS LVGU 0.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1992 56,207 100 56,207   *
FINISHED OPEN PORCH 1992 4,215 30 1,265   *
FINISHED UTILITY 1992 286 50 143   *
PATIO 1992 180 5 9   *
UNFINISHED LOADING PLATFORM 1992 2,160 15 324   *
   
   
   
   
   
   
   
   
   
   
   
TOTALS 63,048 57,948 0
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 OHDOR S OVERHEAD DOOR - SMALL LESS THAN 10X10 0.00 0.00 3.00 900.00 1.00 B 1992 2.00 0.60 - *
2 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 60708.00 2.40 1.00 B 1992 2.00 0.60 - *
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 0
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1600 CMMNTY SH CTR CG 0 0 1.00 1.00 0 4.00 355,493.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 1,421,972
FOLIO ID: 10621737 STRAP: 02-45-24-P1-00060.0000
CARD 2 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.88 157.84 138.90 57,948 8,048,977 60% 4,829,386
IMP TYPE 42 - Supermarket MODEL 4 - COMMERCIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2024
LEE COUNTY PROPERTY APPRAISER GENERATED ON 1/10/2025 5:26 AM Current Working Values
SITE ADDRESS
4600 SUMMERLIN RD
OWNER'S NAME
PSM COLONIAL CROSSINGS LLC
OWNER'S ADDRESS
PO BOX 32018
LAKELAND FL 33802
PROPERTY DESCRIPTION
PAR IN NW1/4 OF NW1/4 DESC
OR 2250/925 LES 60.002A
60.003 60.004 + R/W LESS INSTRUMENT 2023000182329
DOR CODE 16 - COMMUNITY SHOPPING CENTER
NBHD CODE
55-201.0
COLONIAL CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 9 RIGID FRAME W/BAR
ROOF COVER 4 BUILD UP TAR AND G
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 4 ROOF TOP
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 0.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1992 15,119 100 15,119   *
FINISHED OPEN PORCH 1992 2,561 30 768   *
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 17,680 15,887 0
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 17675.00 2.40 1.00 B 1992 2.00 0.60 - *
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 0
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1600 CMMNTY SH CTR CG 0 0 1.00 1.00 0 4.00 355,493.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 1,421,972
FOLIO ID: 10621737 STRAP: 02-45-24-P1-00060.0000
CARD 3 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.85 155.09 131.83 15,887 2,094,383 60% 1,256,630
IMP TYPE 39 - Shopping Center - Community MODEL 4 - COMMERCIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2024