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    OFF-MARKET
    Land

    0 Lewis Griffin Rd, Lake Wales, FL 33898

    10 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 10-acre parcel in Lake Wales, Florida, presents a compelling investment opportunity for residential development. Located on Lewis Griffin Road, Polk County, zip code 33898 (APN 283008000000043030), this property is zoned A/RR, offering significant potential. The asking price is $500,000, translating to $50,000 per acre, reflecting the land's high value. The property's peaceful setting offers a desirable location for residential development, while its proximity to established communities adds to its appeal. Specifically, the DR Horton Taylor Groves Residential Development is situated approximately 700 feet to the Northwest, indicating a strong existing residential presence in the immediate vicinity. This land presents a unique chance to capitalize on the growing Lake Wales market, creating a thriving residential community or developing individual homes. The property's size and zoning make it suitable for a variety of residential projects, catering to diverse needs and preferences. This is a rare opportunity to acquire a substantial land holding in a desirable location with excellent development potential. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 10 ac (435,600 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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