Financial
Distress signals
Property profile

251 E Park Ave Lake Wales, FL 33853

FOR LEASE
Other investment properties
Property ID
US18-5467761
6,390 SF 0.08 ac lot Built 1928
Last sale Jun 2020 · $695,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Finished professional office or retail space located in downtown Lake Wales, configured as a two-level layout with a second floor that opens to the space below. The first floor main room includes a handicap-accessible bathroom and two storage closets, with an additional office measuring 20' x 12' with its own bathroom located behind the main space. Both bathrooms have updated finishes, and the unit includes six closets for storage. The main room entry door faces Scenic Highway on the north side…

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?
$13k
Tax billed · 2023
Assessed value$653k
Assessed land$38k
Assessed improvement$615k
Effective rate2.00%

Value estimate

· Sep 2026
$85k
$77k – $94k
NOI build-up
Gross scheduled income$24k
Vacancy & credit loss−$2k
Operating expenses−$7k
NOI · 112,700.00% cap applied$16k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$283/SF
County average, outlier-cleaned · 210 recorded sales of this use type
Observed band · Q1–Q3$79 – $658
Qualifying comparables3

Cap rate analysis

How does the asset earn?
112,700.00%
$16k 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 Shop13.3
Pharmacy9.8
Veterinary Clinic9.5

Location

251 E Park Ave Lake Wales, FL 33853
County assessor Recorded deeds · 4 transfers 3 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

11 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
3 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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