Lake Wales Retail/Restaurant
For Sale
Contact for pricing
14571 US-27, Lake Wales, FL 33859
1,152 SF building on US Hwy 27, Lake Wales.
Property Size1,152 SF
Price / SF$151.91
Days on Market571
Property Features for 14571 US-27
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Mixed Use, Office, Retail
Investment Type
Owner/User
Listing Agency:
Cushman & Wakefield - Orlando, Florida
Listed By:
Easton Ricks · License #SL3637989
Source:
Crexi
Added: Jan 19, 2025
Changed: Aug 8
Last Checked: Aug 13 at 6:27AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,978
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$299,560
$299.6K
Cap Rate 7%
$213,971
$214.0K
Cap Rate 9%
$166,422
$166.4K
Market Conditions
NOI Build-Up for 1,152 SF
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.
Gross rent
$21.4K $18.60/SF
− Vacancy
−$1.5K −$1.26/SF
EGI
$20.0K $17.34/SF
− OpEx
−$5.0K −$4.33/SF
NOI
$15.0K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$299,560
Cap Rate 7%
$213,971
Cap Rate 9%
$166,422
Alternative Uses
Best Use
Specialty Retail
$214.0K
$187.2K – $249.6K
NOI $14,978 @ 7.0% cap · market cap 8.56%
Second Best
Mixed Use
$185.3K
$162.2K – $216.2K
NOI $12,973 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$276.8K
$242.2K – $323.0K
NOI $19,378 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
