1016 Fl-17 Frostproof, FL 33843
This exceptional investment opportunity encompasses three contiguous parcels totaling approximately 10.55 acres in Frostproof, Florida. Strategically located at the intersection of County Road 17 and Fort Meade Road, this property presents significant potential for future residential development. The parcels, individually sized at approximately 7.54 acres, 2.83 acres, and 0.18 acres, are currently zoned Agricultural (AG) with a designated Future Land Use of Residential, aligning perfectly with the area's growth trajectory. The land benefits from its proximity to major distribution centers, including Ferguson and Lowe's, located less than a mile away. Furthermore, this property is situated within an Opportunity Zone, offering potential tax advantages. The location provides easy access to numerous Florida attractions, including LEGOLAND, Walt Disney World, and Sebring Raceway, all within an hour's drive. Frostproof's business-friendly tax climate in Polk County adds to the investment appeal. The area also boasts a desirable recreational lifestyle, with access to excellent fishing lakes, golf courses, nature trails, and state parks. An additional approximately 4.27 acres is available for purchase nearby, presenting an opportunity to expand the development footprint. The asking price for this exceptional property is $1,055,000. Parcel numbers are 28-32-04-980000-005170, 28-32-05-000000-011040, and 28-32-05-983610-000031.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.