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Property profile & analytics
OFF-MARKET Estimated value $305,000
Medical Office Space

1204 Carlton Ave Lake Wales, FL 33853-4318

2,780 SF 0.35 ac lot Built 1953
Trust Owned ~ Est. High Equity
Property ID
US18-1345023
Property summary
AI-generated overview

This exceptional 2,732 square foot medical office building is ideally situated near AdventHealth Lake Wales in Polk County, offering unparalleled convenience for patients and staff. The property, classified as a Class B building, sits on a 0.35-acre lot and is currently vacant, presenting a unique opportunity for immediate occupancy. The space is configured to accommodate a variety of medical specialties, featuring a welcoming waiting area, multiple private exam rooms, and dedicated space suitable for consultations or administrative tasks. Its six-room layout provides ample room for a thriving practice. The building's traditional office design is adaptable to various healthcare needs, making it suitable for doctors, specialists, dentists, or other healthcare providers. The location within the Lake Wales, Winter Haven, Dundee, Auburndale, Davenport, and Haines City submarket ensures excellent accessibility for a wide patient base. This single-tenancy building offers a turnkey solution for establishing or relocating a medical practice in a high-demand area. The proximity to AdventHealth Lake Wales provides a significant advantage, attracting patients and fostering potential collaborations. This is a rare opportunity to secure a well-appointed medical office space in a strategic location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1953
Total area 2,780 SF
Lot 0.35 ac (15,111 SF)
APN 283006939400002210
UPID US18-1345023
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
  • Florida Joint & Spine Institute Lake Wales Medical Clinic
  • Dr. Ponnavolud D. Reddy, MD Physician
  • Specialty Orthopedic Associates Physician
  • Sonni Ashok MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k
Owner & transaction history
Joseph And Geraldine Dehorty Living Trust
Joseph And Geraldine Dehorty Living Trust
since 2026
Last sale
$307,000
5 recorded transactions
2026
$1.1M
2024
$307,000
2005
$250,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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