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Property profile & analytics
OFF-MARKET
Turn key restaurants
109 State Rd 60th W Lake Wales, FL 33853-4408
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4488366
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1976
Total area
3,978 SF
Lot
1.43 ac (62,421 SF)
Zoning code
C2R3
APN
273002903500013102
UPID
US18-4488366
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
Current use
Occupant on record · Public records
-
Lake Wales Family Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kaminos Real Estate LLC · 4 yrs held
Kaminos Real Estate LLC
since 2022
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
C2R3 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Wales submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,270
Tax year 2023
Assessed value
$413,560
Assessed 2023
Previous assessed
$436,089
-5.2% YoY
Effective rate
2.00%
On assessed value
Assessed land
$165,769
Assessed improvement
$247,791
Land market value
$165,769
Improvement market value
$247,791
Total market value
$413,560
Applied tax rate
90,320.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Units
1
Total area
3,978 SF
Lot
1.43 ac (62,421 SF)
Zoning code
C2R3
APN
273002903500013102
UPID
US18-4488366
Jurisdiction
POLK
Zoning & alternative use
C2R3 · Lake Wales, FL
Zoning C2R3 · permitted uses
C2R3 · Lake Wales, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Wales. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Kaminos Real Estate LLC
Entity
Mailing address
109 STATE RD 60TH W, LAKE WALES, FL 33853-4408
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
$400,000
Kaminos Real Estate LLC
Popi F LLC
Warranty Deed
$550,000 · Popi F LLC
May 5, 2021
—
Popi F LLC
Lake Wales Family Restaurant LLC
Warranty Deed
—
May 18, 2016
—
Lake Wales Family Restaurant L
—
Deed
related
$200,000 · Wauchula St Bk
Dec 13, 2011
—
Lake Wales Family Restaurant L
Papadopoulos,fotios
Warranty Deed
related
—
Nov 17, 2008
—
Fotios Papadopoulos
Papadopoulos,manuel
Quit Claim Deed
related
—
May 17, 2006
—
Fotios Papadopoulos
Papadopoulos,fotios & Iraklis
Quit Claim Deed
related
—
May 11, 2001
$236,000
Fotios Papadopoulos
S-t Partners Ltd
Grant Deed
$151,000 · Wauchula State Bank
—
—
Fotios Papadopoulos
—
Deed Of Trust
related
$500,000 · Manuel Papdopoulos
—
—
Lake Wales Family Restaurant L
—
Loan Modification
related
$200,000 · Wauchula St Bk
—
—
Lake Wales Family Restaurant L
—
Deed Of Trust
related
$235,000 · Wauchula St Bk
—
—
Fotios Papadopoulos
—
Deed Of Trust
related
$25,000 · Wauchula State Bank
—
—
Lake Wales Family Restaurant L
—
Loan Modification
related
$200,000 · Wauchula St Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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