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Property profile & analytics
FOR SALE
Turn key restaurants
114 W Central Ave Lake Wales, FL 33853
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-6190171
For Sale
1 / 27
$150,000
114 W Central Ave, Lake Wales, FL 33853
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1953
Total area
1,674 SF
Lot
0.23 ac (9,862 SF)
Zoning code
C2R3
APN
273002908000008070
UPID
US18-6190171
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
-
Kualao Lao Thai Cuisine 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
Savanh Property LLC · 3 yrs held
Savanh Property LLC
since 2023
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
$2,968
Tax year 2023
Assessed value
$147,692
Assessed 2023
Previous assessed
$133,447
+10.7% YoY
Effective rate
2.01%
On assessed value
Assessed land
$59,154
Assessed improvement
$88,538
Land market value
$59,154
Improvement market value
$88,538
Total market value
$147,692
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
For Sale
Year built
1953
Heating
NONE
Stories
1
Units
1
Total area
1,674 SF
Lot
0.23 ac (9,862 SF)
Zoning code
C2R3
APN
273002908000008070
UPID
US18-6190171
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
1953
Heating
NONE
Stories
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Savanh Property LLC
Entity
Mailing address
4454 DINNER LK BLVD, LAKE WALES, FL 33859-2107
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
—
Savanh Property LLC
Mongkhonh Phaosoung
Warranty Deed
—
Feb 22, 2022
$175,000
Mongkhonh Phaosoung
Anitas Mexican Restaurant LLC
Warranty Deed
—
Feb 24, 2015
$141,000
Anitas Mexican Restaurant LLC
Elam Charles E JR
Warranty Deed
—
Mar 11, 2013
—
Charles E Elam JR.
Tesch,david & Carmen
Grant Deed
related
$88,500 · Centerstate Bank Of Florida
Jan 30, 2013
$118,000
Charles E Elam JR.
Tesch,david & Carmen
Warranty Deed
$88,500 · Centerstate Bank Of Florida
Jan 21, 2010
—
David Tesch
—
Trustees Deed
related
$26,060 · Citizens Bank & Trust Co
May 27, 2009
—
David Tesch
—
Trustees Deed
related
$24,552 · Citizens Bank & Trust Co
Apr 21, 2008
—
David Tesch
—
Trustees Deed
related
$17,815 · Citizens Bank & Trust Co
May 10, 2004
$89,000
David Teach
Williams,nola J
Grant Deed
$57,850 · Citizens Bank Frostproof
—
—
David Tesch
—
Deed Of Trust
related
$13,103 · Citizens Bank & Trust Co
—
—
David Tesch
—
Deed Of Trust
related
$17,500 · Citizens Bank & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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