Mixed-Use Property with
For Sale
Contact for pricing
126 STATE ROAD 60 W, Lake Wales, FL 33853
Commercial building includes private offices, rear warehouse space, and an accompanying residential home.
Property Size19,632 SF
Days on Market156
Property Features for 126 STATE ROAD 60 W
General Information
Standard status
Active
Size
19,632 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$30,289
Building Details
Building Size
19,632 SF
Year Built
1988
Buildings
2
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Erin Floyd · License #3212218
(863) 294-7541
Source:
Thefullerproperties
Added: May 4
Changed: Sep 29
Last Checked: Oct 5 at 11:17PM
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 mixed-use property combines a furniture showroom with a separate residential home and additional land behind the primary improvements. The commercial building features an open showroom layout, several private offices, a rear warehouse, an on-site bathroom, and a staff break room. The warehouse provides functional space for inventory storage and distribution operations.
Located at 126 State Road 60 W in Lake Wales, Florida, the property fronts State Road 60 and is positioned near local businesses, retail centers, and residential communities. The improvements were constructed in 1988. The residential component and rear land add distinct flexibility for ownership, occupancy, storage, or future property planning, subject to applicable approvals.
Located at 126 State Road 60 W in Lake Wales, Florida, the property fronts State Road 60 and is positioned near local businesses, retail centers, and residential communities. The improvements were constructed in 1988. The residential component and rear land add distinct flexibility for ownership, occupancy, storage, or future property planning, subject to applicable approvals.
Key Highlights
- Mixed‑use property at 126 State Road 60 W, Lake Wales, FL 33853
- 17,600 property size
- Furniture showroom with open display area and multiple private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,081
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,421,620
$4.4M
Cap Rate 7%
$3,158,300
$3.2M
Cap Rate 9%
$2,456,456
$2.5M
Market Conditions
NOI Build-Up for 19,632 SF
Gross rent
$388.7K $19.80/SF
− Vacancy
−$35.0K −$1.78/SF
EGI
$353.7K $18.02/SF
− OpEx
−$132.6K −$6.76/SF
NOI
$221.1K $11.26/SF
Area
Polk County, FL
Vacancy
9.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,421,620
Cap Rate 7%
$3,158,300
Cap Rate 9%
$2,456,456
Alternative Uses
Best Use
Mixed Use
$3.16M
$2.76M – $3.68M
NOI $221,081 @ 7.0% cap · market cap 8.88%
Second Best
Retail
$3.15M
$2.76M – $3.67M
NOI $220,467 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$4.72M
$4.13M – $5.50M
NOI $330,242 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Explore this area
Business Placement
Demographics for 33853, FL
12,404
Population
5,483
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
8.7 sq mi
ZIP Area
1,426
Density / Sq Mi
$40,938
Median Household Income
$35,470
Median Earnings
$965
Median Rent
$198,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building includes private offices, rear warehouse space, and an accompanying residential home.
Where is this mixed-use property 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 $2,490,000.
What are key features of this property?
This property features: Mixed‑use property at 126 State Road 60 W, Lake Wales, FL 33853; 17,600 property size; Furniture showroom with open display area and multiple private offices
