Automotive Shop with Office &
For Sale
$450,000
133 W STUART Avenue, Lake Wales, FL 33853
COMMERCIAL - LAKE WALES, FL
Property Size2,136 SF
Lot Size0.17 Acres
Price / SF$210.67
Days on Market617
Property Features for 133 W STUART Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Subdivision
CARY WALTERS SUB
Lot features
City Limits, Sidewalk
Directions
From Highway 27, go East on Central, North on M L King Blvd then East on Stuart, see building on right. Or from Scenic, go West on Central, North on 1st, West on Stuart and building on left.
Standard status
Active
APN
27-30-02-908000-001201
Size
2,136 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CARY WALTERS SUB PB 7 PG 5 BLK 1 LOTS 20 THAT PART DESC AS BEG .5 FT N OF SE COR RUN W .67 FT NLY 87.5 FT E .18 FT S TO POB & 21 THRU 23
Tax Annual Amount
1453
Legal Description
CARY WALTERS SUB PB 7 PG 5 BLK 1 LOTS 20 THAT PART DESC AS BEG .5 FT N OF SE COR RUN W .67 FT NLY 87.5 FT E .18 FT S TO POB & 21 THRU 23
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1958
Flooring type
Concrete, Tile - Ceramic
Building materials
Block, Concrete
Roof type
Membrane
Additional Structures
Outbuilding
Listing Agency:
LEGACY REAL ESTATE CENTER INC
(863) 676-0200
Listed By:
Vicky Holloway · License #3279441
(863) 557-9003
Added: Nov 22, 2024
Changed: Jul 20
Last Checked: Aug 1 at 7:06PM
MLS# K4902707
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This C-2 zoned automotive property includes a spacious reception area, dedicated office space, and a bathroom within the main building. A flexible workspace totaling over 1,500 square feet can be used as-is or redesigned, depending on your operational needs. Attached to the main building is more than 400 square feet of garage space with a roll-up door, suited to accommodating multiple projects at once.
Additional covered space is provided by a 1,000-square-foot carport with a 14-foot height, all set on concrete pavement and enclosed with fencing and a wall along two sides. The property is located near Highway 27, providing access for customers.
The seller is also offering the real estate separately or together with a well-established downtown Lake Wales auto upholstery business as a turn-key option, with a client base described as spanning 50-plus years.
Additional covered space is provided by a 1,000-square-foot carport with a 14-foot height, all set on concrete pavement and enclosed with fencing and a wall along two sides. The property is located near Highway 27, providing access for customers.
The seller is also offering the real estate separately or together with a well-established downtown Lake Wales auto upholstery business as a turn-key option, with a client base described as spanning 50-plus years.
Key Highlights
- Option to purchase as a turn‑key, well‑established auto upholstery business with a 50+ year client base.
- Prime downtown Lake Wales location, experiencing significant development and growth.
- Over 1500 sq. ft. of flexible workspace in the main building, suitable for redesign.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $21.00 |
| − Vacancy | −$9.9k | −$4.62 |
| EGI | $35.0k | $16.38 |
| − OpEx | −$8.7k | −$4.10 |
| NOI | $26.2k | $12.29 |
2,136 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$374.9K
$328.0K – $437.4K
NOI $26,241 @ 7.0% cap · market cap 5.83%
Second Best
Retail
$342.7K
$299.8K – $399.8K
NOI $23,987 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$513.3K
$449.1K – $598.9K
NOI $35,931 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33853, FL
12,404
Population
5,483
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
8.7 sq mi
ZIP Area
1,426
Density / Sq Mi
$40,938
Median Household Income
$35,470
Median Earnings
$965
Median Rent
$198,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dan's Mobile Paint Services — 411 E Polk Ave, Lake Wales, FL 33853
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- iTint Professional GlassTinting — 330 S Scenic Hwy, Lake Wales, FL 33853
- Mobile mechanic gas&diesel RV semi truck trelair van cars — 19254 US Hwy No. 27, Lake Wales, FL 33853
- Tire Choice Auto Service Centers — 203 Domaris Ave, Lake Wales, FL 33853
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with reception, offices, and garage space with roll-up door plus covered carport on fenced concrete.
Where is this auto shop located?
The property is located at 133 W STUART Avenue Lake Wales, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Option to purchase as a turn‑key, well‑established auto upholstery business with a 50+ year client base.; Prime downtown Lake Wales location, experiencing significant development and growth.; Over 1500 sq. ft. of flexible workspace in the main building, suitable for redesign.
