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    Retail & Restaurant Space Available Title is generated by Realmo AI

    Hwy 27, Lake Wales, FL

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    400,000± SF retail and restaurant space for lease.

    Type:RETAIL
    Property size:
    10,500 SF
    Lot size:
    77.62 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    186
    Last Refresh:
    Apr 5 at 10:32 pm

    Property Features for Hwy 27

    General Information

    Standard status
    Active
    Size
    10,500 SF
    Lot size
    77.62 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at Hwy 27 Contact us

    We can help!

    Listing Contact
    Lynda Nagy
    Lynda Nagy

    Listing agent Lynda Nagy License #SL595287

    Listing office LQ Commercial | Tampa

    Listing date Nov 17, 2025

    Source Moodyscre

    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 LQ Commercial | Tampa

    HighLights

    • Highly visible location at the signalized intersection of SR 540 (Cypress Gardens Blvd) & US 27.
    • Benefit from strong traffic patterns of 77,000 CPD.
    • 400,000± SF of retail & restaurant space for lease.
    • Favorable demographics, with over 3% population growth expected by 2029.
    • Less than five (5) miles East of Legoland Florida.
    • Minutes to 318‑AC intermodal terminal.

    Overview

    Cypress Pointe is a mixed-use development encompassing approximately 46 acres in Winter Haven, Florida. The property offers approximately 400,000 square feet of retail and restaurant space available for lease, including multiple outparcels. The location benefits from high visibility at the signalized intersection of SR 540 (Cypress Gardens Boulevard) and US 27, with strong traffic patterns totaling 77,000 cars per day (47,500 on US 27 and 29,500 on Cypress Gardens Boulevard). The area exhibits favorable demographics, with a projected population growth of over 3% by 2029. The property is located less than five miles east of Legoland Florida and is situated minutes from a 318-acre intermodal terminal neighboring 9 million square feet of industrial space. Serving as a gateway to Winter Haven, the location provides connectivity to both Tampa and Orlando.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Southgate Shopping Center — 114 Emerald Ave, Lake Wales, FL 33853
    • Lake Wales Plaza — 658 State Rd 60, Lake Wales, FL 33853
    • Orange Grove Shopping Center — 1350 E State Rd 60, Lake Wales, FL 33853
    • Coin Cloud Bitcoin ATM — 630 State Rd 60, Lake Wales, FL 33853

    Map

    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.6
    Latitude
    27.9008

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    FAQs

    What type of property is this?
    Shopping center - 400,000± SF retail and restaurant space for lease.
    Where is this shopping center located?
    The property is located at Hwy 27 Lake Wales, FL.
    What are key features of this property?
    This property features: Highly visible location at the signalized intersection of SR 540 (Cypress Gardens Blvd) & US 27.; Benefit from strong traffic patterns of 77,000 CPD.; 400,000± SF of retail & restaurant space for lease.
    (561) 961-9958 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lynda Nagy
    Lynda Nagy
    Real Estate License ID: SL595287
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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