12 Grv Ave Lake Wales, FL 33853-4760
Property profile & analytics
12 Grv Ave Lake Wales, FL 33853-4760
- Assisted living facilities
- 31,672 SF
- 2.76 lot acres
Property ID
US18-4654070
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Club at Lake Wales / Nursing Home / Retirement Community
Property Details for 12 Grv Ave
- Year built
- 1998
- Lot size
- 2.76 lot acres
- Property size
- 31,672 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 273011000000014030
- APU
- 273011000000014030
Description
This exceptional investment opportunity presents a rare chance to acquire a thriving 51-bed Assisted Living Facility (ALF) in the desirable Lake Wales, Florida market. Located at 12 E Grove Ave, Polk County, FL 33853 (27.889888, -81.5879536), this turnkey operation includes the real estate, established business, all necessary licenses, and a backup generator. Currently operating at a 65% occupancy rate, the facility boasts a 5.4% capitalization rate, demonstrating strong existing performance. However, a significant upside exists; projections indicate the potential to achieve a remarkable 17% capitalization rate through increased occupancy and optimized operational expenses. The property is fully licensed for 60 beds, offering immediate capacity for expansion and revenue growth. The sale includes the existing, fully operational staff and management team, ensuring a seamless transition for the new owner. This is a truly unique opportunity to acquire a well-established, high-performing ALF in a growing market. The asking price for this exceptional property is $6,100,000. Don't miss this chance to secure a highly desirable investment in the assisted living sector. This is a special purpose property offering substantial returns and significant growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,015,000
- ML approach
- $8,275,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,556,000
Market price range: $1.15M - $4.96M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $5,830,000
- AUTO REPAIR, GARAGE
- $4,815,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.588
- Latitude
- 27.8897
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$61,218
$270,468
$2,751,548
$3,022,016
-
$270,468
$2,751,548
$3,022,016
