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    4545 Gln Saint Mary Rd Lake Wales, FL 33898

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    4545 Gln Saint Mary Rd Lake Wales, FL 33898

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

    Current Use by Public Records

    • Land

    Property Details for 4545 Gln Saint Mary Rd

    Lot size
    5.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 5-acre property in Lake Wales, Florida, presents a unique opportunity for outdoor enthusiasts and investors alike. Located on Glen Saint Mary Road, this land boasts gently rolling hills and a tranquil, secluded setting, yet remains conveniently close to local schools, restaurants, and shopping amenities. The property is zoned for recreational use and offers a fantastic opportunity for hunting and other recreational activities. Abundant wildlife, including deer, turkey, and hogs, call this land home. While a well would be required for water, existing on-site utilities include electricity and telephone access, simplifying development plans. The asking price for this remarkable parcel is $134,700. This is an ideal location for those seeking a peaceful escape while still enjoying the convenience of nearby urban conveniences. The property's address is 4545 Glen Saint Mary Rd, Lake Wales, FL 33898, situated in Polk County. The latitude and longitude coordinates are 27.8536, -81.4641 respectively. This 5 +/- acre lot offers a rare blend of privacy and accessibility, making it a truly exceptional investment.

    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
    -81.4641
    Latitude
    27.8536

    Comparable in this City

    • Value Estimation by Request
      10.63 Acres

      4551 Gln Saint Mary Rd

      Farms • 10.63 Acres
      4551 Gln Saint Mary Rd, Lake Wales, FL 33898
      View Details
    • Value Estimation by Request
      9.29 Acres

      4557 Gln Saint Mary Rd

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

      Lk Bella Rd

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

      843 Tiger Lake Rd

      Farms • 29.00 Acres
      843 Tiger Lake Rd, Lake Wales, FL 33898
      View Details
    • Value Estimation by Request
      2.52 Acres

      Anderson Rd

      Farms • 2.52 Acres
      0 Anderson Rd, Lake Wales, FL 33898
      View Details
    • 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
      2.52 Acres

      Lake Wales Land: 2.52 Acres

      Private escape, abundant wildlife, high & dry.
      0 Anderson Rd, Lake Wales, FL 33898
      View Details
    • $2,995,000
      Pending

      Sprawling Agricultural Estate

      142-acre agricultural estate with road frontage and water access.
      E State Road 60, Lake Wales, FL 33898
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    • $199,500
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      Citrus Grove Land in Lake Wales

      5.52 acres of citrus grove near Lake Wales.
      Stembridge Rd, Lake Wales, FL 33898
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    • $175,000
      5.72 Acres

      Land in Lake Wales, FL

      5.7 acre lot in a beautiful country setting.
      60 E St, Lake Wales, FL 33898
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    • Contact for pricing

      Vacant Land in Lake Wales

      1.04 acre vacant land with trees in Lake Wales.
      Haig St, Lake Wales, FL 33898
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    Similar Nearby for Lease

    • Contact for pricing

      Lake Wales Warehouse with Storage

      108,984 SF warehouse with cold storage and yard.
      2404 Hunt Brothers Rd, Lake Wales, FL 33898
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    • Contact for pricing

      Lake Wales Warehouse with Storage

      108,984 SF warehouse with cold storage and yard.
      2404 Hunt Brothers Rd, Lake Wales, FL 33898
      View Details
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    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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