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    16311 Us Highway 27 Lake Wales, FL 33853

    Sponsored
    For Sale
    $5,500,000

    Retail - LAKE WALES, FL

    Type:Retail
    Property size:
    2,304 SF
    Lot size:
    5.22 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 6 at 5:06 pm

    Property Features for 16311 Us Highway 27

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Closed Circuit Camera(s), Fire Alarm, Security System, Security System Owned, Smoke Detector(s)
    Zoning
    XX
    APN
    27-30-23-000000-023060
    Exterior features
    Paved
    Appliances
    Refrigerator
    Size
    2,304 SF
    Lot size
    5.22 Acres

    Utilities

    Heating system
    Central, Exhaust Fan (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Flooring type
    Laminate
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Hutto

    Keystone Realty Inc (863) 528-1136

    Listing agent Michael Hutto (863) 635-0030 License #3447634

    Listing date Jan 27, 2026

    MLS# K4903245 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Profitable Gas Station & Truck Stop

    This commercial gas station and truck stop is located in a high-traffic area on a major highway. The property includes a full-service fueling station with 6 pumps for both gasoline and diesel, catering to commercial trucks and passenger vehicles. The pumps and tanks have been inspected to ensure compliance with environmental and safety standards. A spacious truck parking area accommodates large trucks, motorhomes, and RVs, offering ample room for overnight parking and easy maneuverability. The convenience store and retail space spans approximately 2,400 sq. ft., offering snacks, drinks, and travel essentials for personal and commercial vehicles. The store features a newly installed hot food deli case, commercial hood, and 3-bin sinks, with an operational hot food department. The property is approximately 5.2 acres, with room for further expansion or additional services like a car wash or auto repair shop. The current commercial zoning allows for flexible usage options, making it ideal for expanding truck stop services or adding new ventures. The property is a well-maintained property with multiple revenue streams and a loyal customer base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chevron Truck Stop Gas Station Chevron Gas Station

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.586016
    Latitude
    27.856512

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    FAQs

    What type of property is this?
    Truck stop - Turnkey gas station and truck stop on 5.22 acres.
    Where is this truck stop located?
    The property is located at 16311 Us Highway 27 Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Prime highway location with high traffic volume, ideal for attracting both truckers and commuters.; - Full-service fueling station with 6 pumps for gasoline and diesel.; - Spacious truck parking area for large trucks, motorhomes, and RVs.
    (863) 635-0030
    Request Owner's contact information
    16311 Us Highway 27 Lake Wales, FL 33853
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    Lake Wales, FL 33853
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16311 Us Highway 27 Lake Wales, FL 33853
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    We can help!
    Listing Contact
    Michael Hutto
    Real Estate License ID: 3447634
    (863) 635-0030
    Learn more
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