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    843 Tiger Lake Rd Lake Wales, FL 33898

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    843 Tiger Lake Rd Lake Wales, FL 33898

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    • Land
    • 29.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mason Pro Rodeo Productions / Association / Organization

    Property Details for 843 Tiger Lake Rd

    Lot size
    29.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 29-acre equestrian estate in Lake Wales, Florida, presents a unique investment opportunity. The property boasts a 2,283 sq ft main residence featuring 3 bedrooms, 2 bathrooms, bonus rooms, a jetted tub, and granite countertops. The home includes a tankless water heater, a full house generator, and a water purifier. Extensive outdoor amenities include a large covered carport, numerous sheds, an RV hookup, a 500-gallon diesel tank, a round pen, and multiple barns. A 5,500 sq ft pole barn with a tack room/feed area and an air-conditioned lounge area is perfect for horse enthusiasts. A 4-stall barn with its own feed shed further enhances the property's equestrian capabilities. The property is zoned Agricultural/Residential Rural (A/RR) and features well-maintained pastures and mature oak trees. Its central location provides easy access to Vero Beach, West Palm Beach, Orlando, and Tampa. The property is comprised of multiple parcels, offering flexibility for potential subdivision and sale of individual tracts. APN numbers are 29-30-11-992500-000030, 29-30-11-992500-000040, 29-30-11-992500-000070, 29-30-11-992500-000081, 29-30-11-000000-042180, 29-30-11-000000-042200, 29-30-11-000000-042110, 29-30-11-000000-042140, 29-30-11-000000-042090, and 29-30-11-000000-042160. The asking price is $1,200,000, representing a price per acre of $41,379. This turnkey family retreat offers a blend of comfortable living and exceptional equestrian facilities in a picturesque setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.3898
    Latitude
    27.8813

    Comparable in this City

    • Value Estimation by Request
      10.63 Acres

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      9.29 Acres

      4557 Gln Saint Mary Rd

      Farms • 9.29 Acres
      4557 Gln Saint Mary Rd, Lake Wales, FL 33898
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    • Value Estimation by Request
      5.00 Acres

      4545 Gln Saint Mary Rd

      Farms • 5.00 Acres
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    • Value Estimation by Request
      19.49 Acres

      Lk Bella Rd

      Farms • 19.49 Acres
      0 Lk Bella Rd, Lake Wales, FL 33898
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    • Value Estimation by Request
      2.52 Acres

      Anderson Rd

      Farms • 2.52 Acres
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    • Value Estimation by Request
      10.95 Acres

      11550 State Road 60

      Farms • 10.95 Acres
      11550 State Road 60, Lake Wales, FL 33898
      View Details

    Similar Nearby for Sale

    • $75,000
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      Lake Wales Land: 2.52 Acres

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    • $2,995,000
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      Sprawling Agricultural Estate

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      Land in Lake Wales, FL

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      Vacant Land in Lake Wales

      1.04 acre vacant land with trees in Lake Wales.
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    Similar Nearby for Lease

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      Lake Wales Warehouse with Storage

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      Lake Wales Warehouse with Storage

      108,984 SF warehouse with cold storage and yard.
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    843 Tiger Lake Rd
    Lake Wales, FL 33898
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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.

    More about this property
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