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    Property profile & analytics

    120 Park Ave Lake Wales, FL 33853-4124

    • Turn key restaurants
    • 1,620 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-5115756
    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.

    Current Use by Public Records

    • Melanie's Seafood Company / Hamburger Restaurant / Seafood Restaurant

    Property Details for 120 Park Ave

    Year built
    1956
    Lot size
    0.04 lot acres
    Property size
    1,620 SF
    Zone code
    C-1
    Property type
    Turn key restaurants
    APN
    273001883000027081
    APU
    273001883000027081

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.589
    Latitude
    27.9025
    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
    $1,837
    $19,999
    $114,175
    $134,174
    -
    $19,999
    $114,175
    $134,174

    Comparable in this City

    • Value Estimation by Request
      1,760 SF

      343 Central Ave, Unit 206

      RESTAURANT • 1,760 SF
      343 Central Ave, Lake Wales, FL 33853-4059
      View Details
    • Value Estimation
      $375,000
      3,006 SF

      740 State Rd 60th W

      RESTAURANT • 3,006 SF
      740 State Rd 60th W, Lake Wales, FL 33853-2906
      View Details
    • Value Estimation
      $165,000
      1,620 SF

      218 State Rd 60th E

      RESTAURANT • 1,620 SF
      218 State Rd 60th E, Lake Wales, FL 33853-3748
      View Details
    • Value Estimation
      $285,000
      4,676 SF

      540 Central Ave

      RESTAURANT • 4,676 SF
      540 Central Ave, Lake Wales, FL 33853-4020
      View Details
    • Value Estimation by Request
      902 SF

      907 2nd St

      RESTAURANT • 902 SF
      907 2nd St, Lake Wales, FL 33853-3755
      View Details
    • Value Estimation
      $745,000
      6,843 SF

      210 State Rd 60th W

      RESTAURANT • 6,843 SF
      210 State Rd 60th W, Lake Wales, FL 33853-4411
      View Details

    Similar Nearby for Sale

    • $950,000

      Lake Wales Restaurant Opportunity

      Recently renovated restaurant with equipment included in Lake Wales.
      1303 Hesperides Rd, Lake Wales, FL 33853
      View Details
    • $600,000
      1,674 SF

      Furnished Restaurant in Lake Wales

      Fully equipped restaurant with a strong community presence for over 70 years.
      114 W Central Ave, Lake Wales, FL 33853
      View Details
    • $350,000

      Retail Property on Scenic Highway

      2,200 SqFt retail property with high visibility and accessibility.
      415 N Scenic Hwy, Lake Wales, FL 33853
      View Details
    • $650,000

      Corner Industrial Building For Sale

      Industrial building suitable for auto repair, storage, or redevelopment.
      194 Dr J A Wiltshire Ave E, Lake Wales, FL 33853
      View Details
    • $649,000
      532 SF

      Lake Wales Commercial Corner Lot

      Prime commercial property on a high-traffic corner lot in Lake Wales.
      101 Central Ave W, Lake Wales, FL 33853
      View Details
    • $900,000
      7,350 SF

      Mixed-Use Buildings on Scenic Highway

      Two commercial buildings ideal for showroom, warehouse, or mixed-use.
      322 S Scenic Hwy, Lake Wales, FL 33853
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Restaurant Building For Lease

      3,288 SF former restaurant building available for lease.
      Lake Wales, FL 33853
      View Details
    • $13 SF/Yr
      4,953 SF

      Versatile Retail Building in Lake Wales

      4,953 SF C2-zoned building suitable for diverse retail opportunities.
      1110 State Road 60 E, Lake Wales, FL 33853
      View Details
    • Contact for pricing
      3,288 SF

      Former Restaurant Building For Lease

      3,288 SF former restaurant building available for lease.
      612 State Road 60 W, Lake Wales, FL 33853
      View Details
    • Contact for pricing
      2,496 SF

      Retail Space in Publix-Anchored Center

      Retail space available in Polk County, Publix-anchored shopping center.
      102-138 State Road 60 E, Lake Wales, FL 33853
      View Details
    • $26,400

      Retail Space with Existing Features

      2400 SF commercial space with retail and storage areas.
      214 Domaris Ave, Lake Wales, FL 33853
      View Details
    • Contact for pricing
      29,646 SF

      Retail Space in Lake Wales

      Available retail space totaling 29,646 square feet in Lake Wales.
      602-730 State Road 60, Lake Wales, FL 33853
      View Details

    Property Visit Statistics

    • Visits by month
      7.6k
    • Visitors by month
      4.8k
    • Avg Time on site
      20 min
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    120 Park Ave
    Lake Wales, FL 33853-4124
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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