Financial
Distress signals
Property profile

206 N 1St St Lake Wales, FL 33853

FOR SALE
Office buildings
Property ID
US18-6186615
2,016 SF 0.23 ac lot Built 1950
Last sale Jun 2021 · $58,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a corner lot located in Lake Wales, Florida, in an area characterized by ongoing development and streetscape beautification, and it fronts on and is positioned along the corridor of 1st Street extending northward from Park Avenue. It is suitable for use by a small business, with access and mobility characteristics consistent with a car-dependent area (walk score of 14) and somewhat bikeable connectivity (bike score of 45).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$51k
Assessed land$15k
Assessed improvement$36k
Effective rate2.18%

Value estimate

· Sep 2026
$60k
$54k – $66k
AI approach$60k
NOI build-up
Gross scheduled income$15k
Vacancy & credit loss−$1k
Operating expenses−$4k
NOI · 4.27% cap applied$10k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$166/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$88 – $225
Qualifying comparables12

Cap rate analysis

How does the asset earn?
4.27%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1
The purpose of C-1 zone designed to encourage and facilitate a mix of residential uses and commercial activities in compact, pedestrian o...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop13.0
Auto Parts Store10.0
Pharmacy9.6

Location

206 N 1St St Lake Wales, FL 33853
County assessor Recorded deeds · 9 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
240 Park, Lake Wales, FL 33853-3706 $227,400 Feb 2026 2,320 SF
299 Stuart, Lake Wales, FL 33853-3712 $330,000 Dec 2025 2,283 SF
18600 Hwy 27, Lake Wales, FL 33853-2441 $505,000 Feb 2023 2,056 SF
418 1st, Lake Wales, FL 33853 $299,000 Aug 2022 1,960 SF
295 Stuart, Lake Wales, FL 33853-3712 $200,000 May 2022 1,757 SF
216 Stuart, Lake Wales, FL 33853-3713 $184,000 Dec 2021 1,840 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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