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    Longleaf Blvd Lake Wales, FL 33859

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    Longleaf Blvd Lake Wales, FL 33859

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

    Current Use by Public Records

    • Land

    Property Details for 0 Longleaf Blvd

    Lot size
    13.11 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 13.11-acre industrial land offering in Lake Wales, Florida, presents a unique investment opportunity. Comprising six shovel-ready lots, this property is zoned Business Park (BP), allowing for diverse uses including manufacturing, fabrication, and warehouse/distribution facilities. The lots are ideally situated along US Highway 27, providing excellent visibility and multiple access points. This prime location offers convenient access to both Tampa and Orlando, benefiting from the significant economic growth spurred by ongoing residential and commercial developments in the area. The individual lots offer flexibility, allowing for purchase as a whole or in separate parcels to suit specific development needs. Parcel numbers include 273014927041000250, 273014927041000070, 273014927041000060, 273014927041000050, 273014927041000040, and 273014927041000020. The property's location at 0 Longleaf Blvd, Lake Wales, FL 33859, ensures high visibility and accessibility. This development-ready land offers substantial potential for investors seeking a strategic foothold in a rapidly expanding market. The property is owned by a development company and is ready for immediate development. Pricing is available upon request.

    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
    -81.5962
    Latitude
    27.874

    Comparable in this City

    • Value Estimation by Request
      0.96 Acres

      23232 Us Highway 27

      Land • 0.96 Acres
      23232 Us Highway 27, 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
    • Value Estimation by Request
      5.70 Acres

      Alturas Babson Park Cut-Off Rd

      Farms • 5.70 Acres
      0 Alturas Babson Park Cut-Off Rd, Lake Wales, FL 33859
      View Details
    • Value Estimation by Request
      1.25 Acres

      Alturas Babson Park Cutoff Rd

      INDUSTRIAL (GENERAL) • 1.25 Acres
      Alturas Babson Park Cutoff Rd, Lake Wales, FL 33859
      View Details
    • Value Estimation
      $1,225,000
      12,315 SF

      1901 Longleaf Blvd

      INDUSTRIAL (GENERAL) • 12,315 SF
      1901 Longleaf Blvd, Lake Wales, FL 33859-2500
      View Details
    • Value Estimation by Request
      1,200 SF

      16030 Hwy 27

      INDUSTRIAL (GENERAL) • 1,200 SF
      16030 Hwy 27, Lake Wales, FL 33859-2512
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Polk County Industrial Investment Opportunity

      Four industrial condo units for sale in Lake Wales.
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    • $483,000
      26.74 Acres

      26.74 Acres in Lake Wales

      26.74 acres perfect for custom home or development.
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    • $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
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    Similar Nearby for Lease

    • $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

      Highway Frontage Commercial Property

      Versatile commercial property with highway frontage, suitable for various uses.
      16110 Us Highway 27, Lake Wales, FL 33859
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    • Contact for pricing

      Lake Wales Buildable Parcel

      Buildable 0.8 acre parcel in Lake Wales, Florida.
      Hwy 27, Lake Wales, FL 33859
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    • $41,808
      3,216 SF

      Retail Space on Highway 27

      Retail space available for lease on U.S. Highway 27.
      16110 Us Highway 27, 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
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    Lake Wales, FL 33859
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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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