Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Chalet Suzanne Rd Lake Wales, FL 33859

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Chalet Suzanne Rd Lake Wales, FL 33859

    View on Map
    • Land
    • 12.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Chalet Suzanne Rd

    Lot size
    12.40 lot acres
    Property type
    Land

    Description

    This exceptional 12.4-acre commercial land parcel presents a remarkable investment opportunity in Lake Wales, Florida. Strategically located on Chalet Suzanne Road in Polk County (zip code 33859), this C-3 Highway Commercial zoned property boasts 1,275 feet of road frontage, offering unparalleled visibility and accessibility. The site benefits from its prime location along the US Hwy 27 corridor, an area experiencing significant commercial and residential growth. Directly adjacent to a Publix supermarket, Home Depot, Kohl's, numerous restaurants, and the 600,000 square foot Eagle Ridge Mall, this property enjoys exceptional proximity to established retail and entertainment destinations. Furthermore, it's situated next to a new, 335-unit Class A apartment complex, ensuring a robust and growing customer base. A new road is under construction, creating a lighted corner intersection with a proposed traffic light, significantly enhancing visibility and accessibility. Water and sewer services are readily available. This location offers less than a 10-minute drive to Legoland, further enhancing its appeal. Ideal for retail, multifamily, or hotel development, this property represents a rare chance to capitalize on a thriving market. The asking price is $3,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.6186
    Latitude
    27.9571

    Comparable in this City

    • Value Estimation by Request
      12.20 Acres

      Us-27

      Land • 12.20 Acres
      0 Us-27, Lake Wales, FL 33859
      View Details
    • Value Estimation by Request
      4.24 Acres

      27 And Peddlers Ln

      Land • 4.24 Acres
      27 And Peddlers Ln, Lake Wales, FL 33859
      View Details
    • Value Estimation by Request
      200.00 Acres

      Chalet Suzanne Rd

      Land • 200.00 Acres
      0 Chalet Suzanne Rd, Lake Wales, FL 33859
      View Details
    • Value Estimation by Request

      Rdg Mall Rd

      Individual retail properties
      0 Rdg Mall Rd, Lake Wales, FL 33859
      View Details
    • Value Estimation by Request
      12.40 Acres

      00 Chalet Suzanne Rd

      Multifamily properties • 12.40 Acres
      00 Chalet Suzanne Rd, Lake Wales, FL 33859
      View Details
    • Value Estimation by Request
      40.00 Acres

      21700 Us Highway 27

      Land • 40.00 Acres
      21700 Us Highway 27, Lake Wales, FL 33859
      View Details

    Similar Nearby for Sale

    • $483,000
      26.74 Acres

      26.74 Acres in Lake Wales

      26.74 acres perfect for custom home or development.
      Lake Buffum Rd, Lake Wales, FL 33859
      View Details
    • $800,000
      10.35 Acres

      Lakefront Land in Lake Wales

      10.35 acres of land on Lake Parker.
      960 Albritton Way, Lake Wales, FL 33859
      View Details
    • $85,000

      Lake Wales Acreage: Unrestricted Freedom

      2.31-acre parcel in Lake Wales, build your dream estate.
      4535 Sarver Ave, Lake Wales, FL 33859
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lake Wales Buildable Parcel

      Buildable 0.8 acre parcel in Lake Wales, Florida.
      Hwy 27, Lake Wales, FL 33859
      View Details
    • $6 SF/Yr
      50,000 SF

      Lake Wales Industrial Space

      5,400 SF Flex Space Available
      1750 Longleaf Blvd, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Medical Office Building For Rent

      Two-story medical office building with fully built-out medical layout.
      23607 Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing
      3,655 SF

      Lake Wales Retail Space

      Retail space available for lease in Lake Wales, Florida.
      9 Eagle Ridge Dr, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Highway Frontage Commercial Property

      Versatile commercial property with highway frontage, suitable for various uses.
      16110 Us Highway 27, Lake Wales, FL 33859
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Chalet Suzanne Rd
    Lake Wales, FL 33859
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!