Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

114 W Central Ave Lake Wales, FL 33853

FOR SALE
Turn key restaurants
Property ID
US18-6190171
1,674 SF 0.23 ac lot Built 1953
Last sale Feb 2022 · $175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a restaurant facility comprising a 1,674-square-foot building (constructed in 1953) with furnishings and operating equipment included. Interior spaces include a dedicated dining area with booth seating, a commercial kitchen, storage areas, and an office. The kitchen is equipped with walk-in coolers, a gas range, an exhaust fan, fryers, stainless workstations, sinks, shelving, a refrigerator, and related kitchen fixtures. Building systems and finishes include concrete and ceramic…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$148k
Assessed land$59k
Assessed improvement$89k
Effective rate2.01%

Value estimate

· Oct 2026
$325k
$293k – $358k
AI approach$325k
NOI build-up
Gross scheduled income$31k
Vacancy & credit loss−$2k
Operating expenses−$7k
NOI · 14.51% cap applied$22k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$462/SF
County average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$139 – $764
Qualifying comparables6

Cap rate analysis

How does the asset earn?
14.51%
$22k 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: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith8.8
Bakery8.2
Home Appliance Store8.2

Location

114 W Central Ave Lake Wales, FL 33853
County assessor Recorded deeds · 11 transfers 6 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
111 Central, Lake Wales, FL 33853-4105 $250,000 Oct 2024 1,760 SF
216 Bullard, Lake Wales, FL 33853-3741 $170,000 Apr 2024 2,100 SF
118 Park, Lake Wales, FL 33853-4124 $118,000 Nov 2023 1,620 SF
37 Central, Lake Wales, FL 33853-4113 $210,000 Mar 2023 1,650 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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