Lake Wales Warehouse with
2404 Hunt Brothers Rd, Lake Wales, FL 33898
For Sale
Contact for pricing
108,984 SF warehouse with cooler near Hwy 60/27.
Property Size108,984 SF
Price / SF$0.02
Days on Market252
Property Features for 2404 Hunt Brothers Rd
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Properties For Sale
at 2404 Hunt Brothers Rd Contact us100
Size
108,984 SF
Type
Warehouse/Distribution
Term
Negotiable
300
Size
6,000 SF
Type
Warehouse/Distribution
Term
Negotiable
Cooler 1
Size
9,350 SF
Type
Refrigerated/Cold Storage
Term
Negotiable
Cooler 2
Size
6,500 SF
Type
Refrigerated/Cold Storage
Term
Negotiable
Listing Agency:
The Ruthvens, Inc.
Listed By:
Alex Delannoy, SIOR
(863) 250-2502
Source:
Ruthvens
Added: Mar 6
Changed: Aug 24
Last Checked: Aug 14 at 10:31AM
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 The Ruthvens, Inc.
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Investment Insights
Based on property information with market context.
This is a 108,984 square foot free-standing warehouse building with some yard storage. The land use is I-1 (industrial park) within the city of Lake Wales. It is suitable for warehousing/distribution, light or heavy manufacturing, assembly/fabrication, laundry/dry cleaning plants, food processing, cold storage, or a growing facility. The warehouse includes 15,850 square feet of cooler space. The building features a 20-foot clear height (up to 30 feet), a sprinkler system, 3-phase electric power, 5 loading docks, and 4 grade-level doors. It is strategically located in Lake Wales near the intersection of Hwy 60 and 27, 13 miles from the newer CSX Intermodal facility. The population reach is approximately 1 million within 30 miles, 5 million within 60 miles, and 11 million within 100 miles.
Key Highlights
- Large warehouse space: 108,984 SF, including 15,850 SF of cooler space
- Versatile usage: Suitable for warehousing/distribution, manufacturing, assembly, food processing, cold storage, and more
- Strategic location: Near Hwy 60 and 27, and 13 miles from the CSX Intermodal facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$725,991
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,519,820
$14.5M
Cap Rate 7%
$10,371,300
$10.4M
Cap Rate 9%
$8,066,567
$8.1M
Market Conditions
NOI Build-Up for 108,984 SF
Gross rent
$926.4K $8.50/SF
− Vacancy
−$72.3K −$0.66/SF
EGI
$854.1K $7.84/SF
− OpEx
−$128.1K −$1.18/SF
NOI
$726.0K $6.66/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$8.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,519,820
Cap Rate 7%
$10,371,300
Cap Rate 9%
$8,066,567
Alternative Uses
Best Use
Warehouse
$10.37M
$9.07M – $12.10M
NOI $725,991 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.83M
$24.35M – $32.47M
NOI $1,947,964 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33898, FL
17,971
Population
10,080
Households
1.8
Avg Household Size
51
Median Age
17%
College-Educated
85%
High-School Grad
296.9 sq mi
ZIP Area
61
Density / Sq Mi
$54,778
Median Household Income
$32,414
Median Earnings
$1,122
Median Rent
$161,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Polk County, FL
Properties on Market for Warehouses in Polk County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - 108,984 SF warehouse with cooler near Hwy 60/27.
Where is this warehouse located?
The property is located at 2404 Hunt Brothers Rd Lake Wales, FL.
What are key features of this property?
This property features: Large warehouse space: 108,984 SF, including 15,850 SF of cooler space; Versatile usage: Suitable for warehousing/distribution, manufacturing, assembly, food processing, cold storage, and more; Strategic location: Near Hwy 60 and 27, and 13 miles from the CSX Intermodal facility
