Polk County Commercial
19 EVERGREEN Dr Lake Wales, FL 33898
For Sale
$740,000
Multiple buildings with flexible zoning in unincorporated Polk County.
Property Size2,760 SF
Lot Size0.83 Acres
Price / SF$268.12
Days on Market128
Property Features for 19 EVERGREEN Dr
General Information
Standard status
Active
Size
2,760 SF
Lot size
0.83 Acres
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
coldwell banker realty
(863) 585-6849
Listed By:
Brandy Duncan · License #3386190
(863) 585-6849
Source:
Elliman
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 29 at 1:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of coldwell banker realty
Investment Insights
Based on property information with market context.
This commercial property is located in unincorporated Polk County, just off the Highway 60 corridor. It features multiple buildings and flexible Linear Commercial Corridor (LCC) zoning, which allows for a variety of business uses. The property includes a 1,766 sq. ft. concrete block retail-style building, a 1,842 sq. ft. concrete block warehouse, and a 2,760 sq. ft. steel building. There is also a single-family (wood frame construction) home on site that has no contributory value; the seller will remove it if desired. The rear portion of the property is fenced and offers space for storage, equipment, or possible expansion. Please note that the existing business on site is not for sale and will remain in operation.
Key Highlights
- Flexible Linear Commercial Corridor (LCC) zoning allows for a variety of business uses.
- Multiple buildings including a 1,766 sq. ft. retail‑style building, a 1,842 sq. ft. warehouse, and a 2,760 sq. ft. steel building.
- Located in unincorporated Polk County just off the Highway 60 corridor.
Financial Insights For Retail
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 | $48.0k | $17.40 |
| − Vacancy | −$3.7k | −$1.36 |
| EGI | $44.3k | $16.04 |
| − OpEx | −$13.3k | −$4.81 |
| NOI | $31.0k | $11.23 |
2,760 SF · lease $17.40/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$442.8K
$387.4K – $516.6K
NOI $30,995 @ 7.0% cap · market cap 4.19%
Second Best
Warehouse
$262.7K
$229.8K – $306.4K
NOI $18,386 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$663.3K
$580.4K – $773.8K
NOI $46,428 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Multiple buildings with flexible zoning in unincorporated Polk County.
Where is this retail space located?
The property is located at 19 EVERGREEN Dr Lake Wales, FL.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Flexible Linear Commercial Corridor (LCC) zoning allows for a variety of business uses.; Multiple buildings including a **1,766 sq. ft. retail‑style building**, a **1,842 sq. ft. warehouse**, and a 2,760 sq. ft. steel building.; Located in unincorporated Polk County just off the Highway 60 corridor.
