Lake Wales Retail/Restaurant
14571 US-27, Lake Wales, FL 33859
For Sale
Contact for pricing
1,152 SF building on US Hwy 27, Lake Wales.
Property Size1,152 SF
Price / SF$151.91
Days on Market663
Property Features for 14571 US-27
General Information
Standard status
Size
Property subtype
Investment Type
Listing Agency:
Cushman & Wakefield - Orlando, Florida
Listed By:
Easton Ricks · License FL SL3637989
(407) 949-0803
Source:
Crexi
Added: Jan 19, 2025
Changed: Nov 4
Last Checked: Nov 10 at 7:13AM
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 Cushman & Wakefield - Orlando, Florida
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Investment Insights
Based on property information with market context.
This 1,152 square foot building is located on US Hwy 27 in Lake Wales, Florida. The property is suitable for a restaurant or retail store. It benefits from full access to US Hwy 27, the major thoroughfare of Lake Wales, and is situated adjacent to a Circle K. Note that the property is subject to use restrictions. Specifically, the property cannot be used for the sale of any food or food products (except by a sit-down restaurant or bar), as a convenience store, for retail sale of gasoline or motor fuels, for retail sale of electronic cigarettes, cigarettes, and tobacco products, for the retail sale of beer and wine for off-premises consumption, for the sale of food, drinks and/or snacks utilizing a mobile or “food truck” type use, for the sale of lottery tickets, as a self-service or full-service car wash, for the operation of a national discount variety store, or for any use ancillary to a business engaged in the restricted activities.
Key Highlights
- Located on US Hwy 27, the major thoroughfare of Lake Wales.
- 1,152 square foot building suitable for restaurant or retail.**
- Adjacent parcel to a Circle K.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,405
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,100
$228.1K
Cap Rate 7%
$162,929
$162.9K
Cap Rate 9%
$126,722
$126.7K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$20.7K $18.00/SF
− Vacancy
−$2.5K −$2.16/SF
EGI
$18.2K $15.84/SF
− OpEx
−$6.8K −$5.94/SF
NOI
$11.4K $9.90/SF
Area
Polk County, FL
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,100
Cap Rate 7%
$162,929
Cap Rate 9%
$126,722
Alternative Uses
Best Use
Mixed Use
$162.9K
$142.6K – $190.1K
NOI $11,405 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.2K
$257.4K – $343.2K
NOI $20,591 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
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Business Placement
Demographics for 33859, FL
10,866
Population
5,739
Households
1.9
Avg Household Size
52
Median Age
23%
College-Educated
89%
High-School Grad
45.5 sq mi
ZIP Area
239
Density / Sq Mi
$61,871
Median Household Income
$32,943
Median Earnings
$1,232
Median Rent
$200,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 1,152 SF building on US Hwy 27, Lake Wales.
Where is this mixed-use property located?
The property is located at 14571 US-27 Lake Wales, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Located on US Hwy 27, the major thoroughfare of Lake Wales.; 1,152 square foot building suitable for restaurant or retail.**; Adjacent parcel to a Circle K.
