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    805 Palm Ave Indian Lake Estates, FL 33855

    Sponsored
    For Sale
    Contact for pricing

    Half-acre lot, ideal commercial/residential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 21,806 square foot lot is located at 805 Palm Avenue in Indian Lake Estates, Florida, 33855. Priced at $18,000, this property presents a unique opportunity for both commercial and residential development. Situated within the serene and amenity-rich community of Indian Lake Estates, this half-acre parcel offers unparalleled access to a wealth of recreational activities. Residents enjoy a 7,500-acre lake renowned for its bass fishing, along with a community beach, boat ramp, marina, and the state's longest freshwater fishing pier. The community also boasts an 18-hole golf course, tennis and basketball courts, a large clubhouse with cafe, a post office, churches, a library, fitness center, and pro shop. Abundant wildlife, including deer and various bird species, adds to the natural beauty of the area. Despite its tranquil setting, Indian Lake Estates provides convenient access to major attractions, being approximately an hour's drive from Orlando and Disney World to the north, and Tampa, Busch Gardens, and the Gulf Coast beaches to the west. This property offers a rare blend of peaceful country living and proximity to urban conveniences, making it an exceptional investment opportunity. The lot's size and location within this established community make it suitable for a variety of development projects. Don't miss this chance to acquire a piece of Florida paradise.

    Property Features for 805 Palm Ave

    General Information

    Property type
    Land

    HighLights

    • 21,806 SF lot in Indian Lake Estates, FL.
    • $18,000 asking price.
    • Suitable for commercial or residential development.
    • Half‑acre parcel in amenity‑rich community.
    • Access to 7,500‑acre lake, community beach, boat ramp, marina, and fishing pier.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indian Lake Estates
    County
    Polk
    State
    Florida
    Longitude
    -81.367451
    Latitude
    27.79864

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    FAQs

    What type of property is this?
    Land - Half-acre lot, ideal commercial/residential.
    Where is this land located?
    The property is located at 805 Palm Ave Indian Lake Estates, FL.
    What is the asking price?
    The asking price for this property is $18,000.
    What are key features of this property?
    This property features: 21,806 SF lot in Indian Lake Estates, FL.; $18,000 asking price.; Suitable for commercial or residential development.
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    805 Palm Ave Indian Lake Estates, FL 33855
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