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    22 E Wall St Frostproof, FL 33843

    View on Map
    Sponsored
    For Sale
    $119,900

    Mixed Use - FROSTPROOF, FL

    Type:Mixed Use
    Property size:
    1,976 SF
    Lot size:
    0.05 Acres
    Days on Market:
    13
    Last Refresh:
    Mar 18 at 4:06 pm

    Property Features for 22 E Wall St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    CB
    APN
    28-31-33-977800-010062
    Exterior features
    Corner Lot, Paved
    Size
    1,976 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Central, Ductless (Heating)
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1918
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Concrete
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Cindy Wise

    Keystone Realty Inc (863) 528-1136

    Listing agent Cindy Wise (863) 635-0030 License #3192426

    Listing date Mar 5, 2026

    MLS# K4903258 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

    Historic Office Building in Frostproof

    This historic office building, constructed in 1918 and updated in 1995, is situated in the main business district of Downtown Frostproof. The property, totaling almost 2000 square feet, features a large, open front office and reception area suitable for a waiting room or multiple desks. Original coffered 10-foot ceilings, wainscoting chair rail, and wood laminate flooring blend historical charm with modern updates. The side office includes a large counter area on both sides with room for filing cabinets. There is a bathroom with an accessible toilet and sink, as well as a kitchen area with a sink. The back office has a private entrance and two-car parking accessible via the alley, built-in shelving, and ample space for another desk and filing cabinets. Located just off Scenic Hwy, the property benefits from high visibility and easy access. The land use is designated as Commercial/Industrial, accommodating its current use as an office and potentially computer services, retail, medical, school, church, and more. The lot size is 0.05 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Frostproof
    County
    Polk
    State
    Florida
    Longitude
    -81.52991181
    Latitude
    27.74588394

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    FAQs

    What type of property is this?
    Mixed-use property - Historic office building in downtown Frostproof with high visibility.
    Where is this mixed-use property located?
    The property is located at 22 E Wall St Frostproof, FL.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: - Strategic location in the main business district of Downtown Frostproof with high visibility and easy access.; - Versatile Commercial/Industrial land use suitable for various purposes including office, retail, medical, and more.; - **Almost 2000 sq ft with a large, open front office/reception area.**
    (863) 528-0366
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    22 E Wall St Frostproof, FL 33843
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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
    22 E Wall St Frostproof, FL 33843
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    We can help!
    Listing Contact
    Cindy Wise
    Real Estate License ID: 3192426
    (863) 528-0366 (863) 635-0030
    Learn more
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