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Property profile & analytics
FOR SALE
Office buildings
206 N 1St St Lake Wales, FL 33853
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6186615
For Sale
$199,900
206 N 1St St, Lake Wales, FL 33853
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
2,016 SF
Lot
0.23 ac (9,827 SF)
Zoning code
C-1
APN
273001883000022070
UPID
US18-6186615
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 · 2 yrs held
Hab Holdings LLC
since 2024
Last sale
$58,000
7 recorded transactions
Zoning & alternative use
C-1 · 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
$1,109
Tax year 2023
Assessed value
$50,859
Assessed 2023
Previous assessed
$50,859
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$15,227
Assessed improvement
$35,632
Land market value
$15,227
Improvement market value
$35,632
Total market value
$50,859
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1950
Heating
NONE
Stories
1
Units
2
Total area
2,016 SF
Lot
0.23 ac (9,827 SF)
Zoning code
C-1
APN
273001883000022070
UPID
US18-6186615
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lake Wales, FL
Zoning C-1 · permitted uses
C-1 · 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
1950
Heating
NONE
Stories
1
Units
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Hab Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
242 S SCENIC HWY1C, LAKE WALES, FL 33853-3836
Ownership since
2024
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
May 6, 2024
—
Hab Holdings LLC
Polk Reit LLC
Intrafamily Transfer
related
—
Aug 22, 2023
—
Polk Reit LLC
Hab Holdings LLC
Quit Claim Deed
related
—
Jun 3, 2021
$58,000
Hab Holdings LLC
Bgrp 1 LLC
Warranty Deed
$50,000 · Boyd Loan Funding I LLC
Jul 28, 2020
$45,000
Bgrp 1 LLC
Anthony Easton
Warranty Deed
$29,000 · Anthony Easton
Nov 16, 2017
$15,600
Anthony Easton
Tax Collector Of Polk County
Tax Deed
—
Apr 4, 2013
$10,000
206 LLC
Tax Ease Lien Invs 1 LLC
Warranty Deed
—
Jul 9, 2012
—
Tax Ease Lien Invs 1 LLC
Mist Group LLC
Quit Claim Deed
related
—
May 14, 2012
$4,617
Mist Group LLC
Clerk Of Circuit Court/polk Cnty
Tax Deed
—
Dec 24, 2003
$45,000
Gloryland Realty Holdings INC
Wiltshire,joseph A & Laura C
Grant Deed
related
$36,000 · Joseph A & Laura C Wiltshire
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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