Industrial Property on State
126 STATE ROAD 60 W Lake Wales, FL 33853
126 STATE ROAD 60 W, Lake Wales, FL, 33853
$3,250,000
For Sale
$3,250,000
17,600 sqft industrial property for sale in Lake Wales.
Property Size17,600 SF
Price / SF$184.66
Days on Market75
Property Features for 126 STATE ROAD 60 W
General Information
- Standard status
- Active
- Size
- 17,600 SF
Building Details
- Year Built
- 1988
Listing Agency
COLDWELL BANKER REALTY
(863) 412-2286
Listed by
Erin Floyd · License #3212218
(863) 412-2286
Source
Evrealestate
Added: May 4 Checked: Jul 16 at 7:00 am
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 17,600 square foot industrial property is available for sale. The property is located on State Road 60 West in Lake Wales, Florida. To reach the property, head toward Hesperides Road, turn left onto FL-60, then turn right in 0.4 miles, followed by a left turn. The destination will be 187 feet on the right.
Key Highlights
- Central air conditioning for year‑round comfort.
- Built in 1988.
- Located in Polk County.
Local Financial Insights For Warehouse
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 | $149.6k | $8.50 |
| − Vacancy | −$11.7k | −$0.66 |
| EGI | $137.9k | $7.84 |
| − OpEx | −$20.7k | −$1.18 |
| NOI | $117.2k | $6.66 |
17,600 SF · lease $8.50/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.67M
$1.47M – $1.95M
NOI $117,242 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $83,961 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $296,060 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Badcock Home Furniture ...
Home Decor Store
bealls
Clothing Store
Similar For Sale Nearby
Similar Off Market Nearby
- All Park Storage — 19189 US Hwy 27, Lake Wales, FL 33853
- AmirStorage.com — 115 State Rd 60, Lake Wales, FL 33853
FAQs
What type of property is this?
Warehouse - 17,600 sqft industrial property for sale in Lake Wales.
Where is this warehouse located?
The property is located at 126 STATE ROAD 60 W Lake Wales, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Central air conditioning for year‑round comfort.; Built in 1988.; Located in Polk County.
