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    Property profile & analytics
    OFF-MARKET Estimated value $1,580,000
    Industrial properties

    1401 Resmondo Dr, Lake Wales, FL 33853-3635

    12,500 SF 1.69 ac lot Built 2006
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US19-0360289
    Property summary
    AI-generated overview

    This exceptional commercial property in Lake Wales, Florida, offers 12,000 square feet of versatile space ideally suited for a variety of industrial uses. Situated on 1.6 acres, the property comprises two single-story buildings constructed in 2006. The zoning is LCI (Light Commercial Industrial), allowing for flexibility in tenant operations. One available unit features 3,000 square feet, three roll-up garage doors for convenient loading and unloading, a bathroom, and allocated parking within a shared building. The property boasts a strategic location near Highways 60 and 27, providing easy access to surrounding areas. The property's single-phase power is suitable for various light industrial applications, including light manufacturing, distribution, storage, warehousing, and office space. Additional units of varying sizes are also available. This prime location and flexible space make this an excellent opportunity for businesses seeking a functional and accessible industrial property in a growing market. The property's versatility and convenient location make it an attractive option for a wide range of businesses. Don't miss this chance to secure your ideal industrial space.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 2006
    Total area 12,500 SF
    Lot 1.69 ac (73,704 SF)
    APN 272935880012000030
    UPID US19-0360289
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.49M
    Blend (final) Blend
    $1.58M
    Owner & transaction history
    Realvalue Investments INC · 7 yrs held
    Realvalue Investments INC
    since 2018
    3 recorded transactions
    2024
    2018
    $660,000
    2007
    $1.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $2.3M +18.5%
    Office building $2.1M +7.3%
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