Flex Space with Warehouse and
For Sale
$3,150,000
126 STATE ROAD 60 W, Lake Wales, FL 33853
SINGLE_FAMILY - LAKE WALES, FL
Property Size17,600 SF
Lot Size1.94 Acres
Price / SF$178.98
Days on Market95
Property Features for 126 STATE ROAD 60 W
General Information
Property type
Residential
Property subtype
Retail
Zoning
PF
Subdivision
TWIN LAKE PARK SUB
Directions
Head toward Hesperides Rd, Turn left onto FL-60, In 0.4 mi turn right, Turn left, in 187 ft destination will be on the right.
Standard status
Active
APN
27-30-02-903500-008404
Size
17,600 SF
Lot size
1.94 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TWIN LAKE PARK SUB PB 3 PG 8 BLK 8 S 245 FT OF 4 LESS W 125 FT OF S 5 FT OF N 145 FT & LESS R/W FOR SR 60
Tax Annual Amount
30290
Legal Description
TWIN LAKE PARK SUB PB 3 PG 8 BLK 8 S 245 FT OF 4 LESS W 125 FT OF S 5 FT OF N 145 FT & LESS R/W FOR SR 60
Utilities
Cooling system
Central Air
Amenities
break room
bathroom
Building Details
Year built
1988
Floors in Building
1
Building materials
Concrete
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(863) 294-7541
Listed By:
Erin Floyd · License #3212218
(863) 412-2286
Added: May 4
Changed: Aug 3
Last Checked: Aug 6 at 12:06AM
MLS# P4938614
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.
Investment Insights
Based on property information with market context.
This for-sale flex-style property includes a main commercial building and a separate residential home on 1.94 acres. The commercial space features a spacious, open-concept furniture showroom floor supported by multiple private offices, along with an on-site bathroom and dedicated break room. A large warehouse is located in the rear of the building, providing additional space for storage, distribution, or light industrial use.
The property is positioned along State Road 60 W in Lake Wales, Florida, providing visibility and convenient access for business operations. Additional land extends behind the main structure, supporting future business expansion, storage, parking, or redevelopment.
The combined configuration is designed for multi-use flexibility, with the included residence offering versatility for owner occupancy, rental income, or on-site management. Zoning is listed as PF.
The property is positioned along State Road 60 W in Lake Wales, Florida, providing visibility and convenient access for business operations. Additional land extends behind the main structure, supporting future business expansion, storage, parking, or redevelopment.
The combined configuration is designed for multi-use flexibility, with the included residence offering versatility for owner occupancy, rental income, or on-site management. Zoning is listed as PF.
Key Highlights
- Concrete construction commercial property on State Road 60 in Lake Wales (Year built: 1988)
- Central air cooling and a main open‑concept furniture showroom designed for easy display of inventory
- Separate residential home for owner occupancy, rental income, or on‑site management
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 | $306.2k | $17.40 |
| − Vacancy | −$23.9k | −$1.36 |
| EGI | $282.4k | $16.04 |
| − OpEx | −$84.7k | −$4.81 |
| NOI | $197.6k | $11.23 |
17,600 SF · lease $17.40/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.82M
$2.47M – $3.29M
NOI $197,647 @ 7.0% cap · market cap 6.27%
Second Best
Warehouse
$1.67M
$1.47M – $1.95M
NOI $117,242 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $296,060 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Uptown Mechanic’s — 427 Emerald Ave, Lake Wales, FL 33853
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building includes a furniture showroom with offices, a rear warehouse, plus a separate residential home and expandable land.
Where is this flex space 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 $3,150,000.
What are key features of this property?
This property features: Concrete construction commercial property on State Road 60 in Lake Wales (Year built: 1988); Central air cooling and a main open‑concept furniture showroom designed for easy display of inventory; Separate residential home for owner occupancy, rental income, or on‑site management
