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Property profile

23607 Us-27 Lake Wales, FL 33859

OFF-MARKET
Office Spaces
11,760 SF 0.46 ac lot Built 2013

Property summary

AI-generated overview

This exceptional Class A, 11,760 square-foot medical office building is available for $3,500,000 ($297.62/sq ft). Located in Lake Wales, Florida, at 23607 US-27 (zip code 33859), this two-story, 2013-built property sits on a 0.46-acre lot zoned C-3. The building boasts substantial medical interior renovations, making it move-in ready. Enjoy direct access to Highway 27, benefiting from a high average annual daily traffic count of 47,500 vehicles, and shared access with a Wawa at a signalized intersection. Its strategic location offers excellent proximity to AdventHealth Lake Wales and is conveniently situated within five miles of major roadways FL-60 and FL-17 S, providing easy access to surrounding areas. The extensive medical build-out includes sizable exam rooms, procedure rooms, a surgery room, patient restrooms, physician offices, a staff lounge with a private restroom, a file room, and a large reception and waiting area. Building façade signage opportunities are also available. This vacant property presents a unique investment opportunity in a thriving medical market. The property consists of one building with two units.

Property profile

Verified
Property type Office Spaces
Year built 2013
Total area 11,760 SF
Lot 0.46 ac (20,038 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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