Financial
Distress signals
Property profile

490 4Th St S Lake Wales, FL 33853

FOR LEASE
Medical Office Space
Property ID
US18-2763600
1,742 SF 0.18 ac lot Built 1987
Last sale Dec 2023 · $193,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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490 4Th St S, Lake Wales, FL 33853 For Lease
$240,000 1,742 SF available
490 4Th St S, Lake Wales, FL 33853
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Property summary

AI-generated overview

The property is a 1,742-square-foot professional medical/dental office space located in Lake Wales, Florida, in a corner position off Hwy. 60 near a Publix-anchored shopping plaza. The interior is configured with a flexible layout that includes a private office with private access, a restroom that includes a shower, four patient dentist chairs, two bathrooms, a conference room, a manager’s office, a receptionist desk, and a lobby. The building is part of a medical office setting, with proximity…

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?
$3k
Tax billed · 2023
Assessed value$197k
Assessed land$11k
Assessed improvement$186k
Effective rate1.58%

Value estimate

· Sep 2026
$240k
$216k – $264k
AI approach$250k
NOI build-up
Gross scheduled income$37k
Vacancy & credit loss−$8k
Operating expenses−$7k
NOI · 59.54% cap applied$21k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$309/SF
County average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$170 – $520

Cap rate analysis

How does the asset earn?
59.54%
$21k 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?
C2R3
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.1
Locksmith8.8
Catering Service8.4

Location

490 4Th St S Lake Wales, FL 33853
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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
1 Doctors, Lake Wales, FL 33853-4956 $600,000 Jan 2025 5,081 SF
1109 Bryn Mawr, Lake Wales, FL 33853-4333 $675,000 Apr 2024 2,898 SF
1204 Carlton, Lake Wales, FL 33853-4318 $307,000 Feb 2024 2,780 SF
302 Central, Lake Wales, FL 33853-4016 $880,000 Dec 2023 4,970 SF
225 Lincoln, Lake Wales, FL 33853-3546 $225,000 Apr 2022 3,570 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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