Mixed-Use Property in Lake
811 STATE ROAD 60 E, Lake Wales, FL 33853
Mixed Use - LAKE WALES, FL
Type:Mixed Use
Property size:
3,436 SFLot size:
1.06 AcresPrice / SF:
$154/SF- Added:
- Feb 23, 2026
- Days on Market:
- 96
- Last Refresh:
- May 30 at 6:06 am
Property Features for 811 STATE ROAD 60 E
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- R-1A
- Exterior features
- Corner Lot, Paved
- Appliances
- Dishwasher, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 27-30-01-887000-061060
- Size
- 3,436 SF
- Lot size
- 1.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3063.23
Utilities
- Heating system
- Central
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1948
- Flooring type
- Carpet, Tile, Tile - Ceramic, Vinyl
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Joan Jarvis-Tyler License #3079644 (863) 528-6024
Listing office PRIME PLUS REAL ESTATE INC 3249 State Rd 60 E, #20, Lake Wales, FL (863) 676-7040
Listing date Feb 23, 2026
MLS# K4903305
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.
HighLights
- Zoned for both residential and professional use, offering versatile options.
- Over 3,400 sq ft of living space with 4 bedrooms and 3 full, 2 half baths.
- 1.06‑acre corner lot with road access on all four sides.
- Three‑car garage with workshop and bonus room (includes full bathroom).
- Split‑bedroom design for enhanced privacy.
- Eat‑in kitchen with butler's pantry for ample storage.
Overview
This mixed-use property in Lake Wales, Florida, is zoned for both residential and professional use. The property includes a home with over 3,400 heated square feet, featuring four bedrooms, three full baths, and two half-baths. It is situated on a 1.06-acre lot with road access on all four sides: 245 feet along State Road 60, 152 feet each on 8th Street S. and Center Street, plus an alley running behind the house. A circular driveway is located on the east side, with extra parking at the rear, an oversized parking pad, and a three-car garage complete with a workshop and a bonus room that includes a full bathroom. A large side yard offers space for more parking or future expansions. Inside, the split-bedroom design creates privacy, while the open living area flows into a spacious dining room. The eat-in kitchen provides plenty of cabinetry and a butler's pantry with additional storage and a sink. Off the kitchen, the laundry room features a half bath and gives access to the detached garage. There are also two extra storage areas under the house, accessible from the backyard. Permitted uses approved by the City of Lake Wales allow for professional purposes as well.
Local 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 | $72.2k | $21.00 |
| − Vacancy | −$15.9k | −$4.62 |
| EGI | $56.3k | $16.38 |
| − OpEx | −$14.1k | −$4.10 |
| NOI | $42.2k | $12.29 |
3,436 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$603.0K
$527.6K – $703.5K
NOI $42,211 @ 7.0% cap · market cap 7.96%
Second Best
Mixed Use
$552.8K
$483.7K – $644.9K
NOI $38,694 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$825.7K
$722.5K – $963.3K
NOI $57,799 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.574584
- Latitude
- 27.89434
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile property zoned for residential and professional use.
Where is this mixed-use property located?
The property is located at 811 STATE ROAD 60 E Lake Wales, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Zoned for both residential and professional use, offering versatile options.; Over 3,400 sq ft of living space with 4 bedrooms and 3 full, 2 half baths.; **1.06‑acre corner lot with road access on all four sides.**
