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Property profile & analytics
FOR SALE
Land
200 S Scenic Hwy Lake Wales, FL 33853
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-9659009
For Sale
1 / 5
$199,900
200 S Scenic Hwy, Lake Wales, FL 33853
View Listing →
Property summary
AI-generated overview
This commercial property is located on a corner lot in Lake Wales, Florida. The parcel is 0.17 acres and offers direct access from three roadways. The property is situated in the downtown area.
Property profile
Verified
Property type
Land
Use group
VACANT COMMERCIAL LAND
Year built
1963
Total area
480 SF
Lot
0.17 ac (7,196 SF)
Zoning code
C2R3
APN
273001883000045052
UPID
US18-9659009
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
by Request
Owner & transaction history
Hab Holdings LLC · 5 yrs held
Hab Holdings LLC
since 2021
Last sale
$37,500
7 recorded transactions
Zoning & alternative use
C2R3 · Lake Wales, FL
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 Lake Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Wales 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
—
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
$176
Tax year 2023
Assessed value
$9,052
Assessed 2023
Previous assessed
$9,052
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$9,052
Land market value
$9,052
Total market value
$9,052
Applied tax rate
90,320.0000
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
Land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1963
Heating
NONE
Stories
1
Total area
480 SF
Lot
0.17 ac (7,196 SF)
Zoning code
C2R3
APN
273001883000045052
UPID
US18-9659009
Jurisdiction
POLK
Zoning & alternative use
C2R3 · Lake Wales, FL
Zoning C2R3 · permitted uses
C2R3 · Lake Wales, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Wales. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Hab Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
721 10TH AVE, TOMS RIVER, NJ 08757-2438
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
$37,500
Hab Holdings LLC
Jagjeet Virdee
Warranty Deed
—
Mar 11, 2015
$7,000
Jagjeet Virdee
Housing Trust Holdings LLC
Grant Deed
—
Mar 24, 2014
—
Plymouth Pk Tax Svcs LLC
Wells Fargo Bk NA
Quit Claim Deed
related
—
Mar 24, 2014
$8,125
Housing Trust Holdings LLC
Plymouth Pk Tax Svcs LLC
Grant Deed
related
—
Apr 1, 2011
$9,950
Plymouth Park Tax Services LLC
Clerk Of Circuit Court/polk Cnty
Tax Deed
—
Feb 3, 2005
—
Jay Bapa Investments INC
Ankit INC Of Lake Wales
Quit Claim Deed
related
—
Dec 14, 2004
$125,000
Alakh Corp
Jay Bapa Investments INC
Grant Deed
—
Aug 15, 2003
$430,000
Orlando/florida Petroleum LLC
Plus Mart INC
Grant Deed
—
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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