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    14500 Hwy 27 Lake Wales, FL 33859-2579
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    Property profile & analytics

    14500 Hwy 27, Lake Wales, FL 33859-2579

    View on Map
    • Retail space
    • 9,709 SF
    • 1.45 lot acres
    Off-Market
    Property ID
    US18-6323397
    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.
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar General / Grocery & Convenience Store
    • Amerigas Propane Exchange / Propane Supplier
    • Western Union / Bank / Credit Union

    Property Details for 14500 Hwy 27

    Year built
    2013
    Lot size
    1.45 lot acres
    Zone code
    R-2
    Property type
    Retail space
    APN
    273035000000031080
    APU
    273035000000031080

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 10, 2014 — 859-877 Realty Associates LLC Cda Partners LLC Grant Deed · related —
    Oct 8, 2013 $1,630,000 Cda Partners LLC Palmetto Crooked Lake Highway Warranty Deed $1.3M · Bank United
    May 7, 2013 $249,000 Palmetto Crooked Lake-highway Sun Ovation Land Dev LLC Grant Deed $1.2M · Centerstate Bank Of Florida
    Aug 30, 2005 $404,900 Sun Ovation Land Dev LLC Co Bates & Associates INC Warranty Deed $205k · Co Bates & Associates INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $809,000
      Market price range: $539k - $1.26M
      AI Estimate
      $949,000
      Market price range: $472k - $1.43M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $755,000
      Current use
      OFFICE BUILDING
      $1,565,000
      Change: +108% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5905
    Latitude
    27.8332
    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
    $15,453
    $132,783
    $871,266
    $1,004,049
    -
    $132,783
    $871,266
    $1,004,049

    Comparable in this City

    • Value Estimation
      $1,520,000
      10,236 SF

      23231 Hwy 27

      RETAIL STORES (PERSONAL SERVICES)
      23231 Hwy 27, Lake Wales, FL 33859-6801
      View Details
    • Value Estimation by Request
      1,560 SF

      2530 State Rd 60th W

      RETAIL STORES (PERSONAL SERVICES)
      2530 State Rd 60th W, Lake Wales, FL 33859-8219
      View Details
    • Value Estimation by Request
      5,360 SF

      18110 Hwy 27

      RETAIL STORES (PERSONAL SERVICES)
      18110 Hwy 27, Lake Wales, FL 33859-8100
      View Details
    • Value Estimation
      $1,855,000
      45,000 SF

      22549 Hwy 27

      RETAIL STORES (PERSONAL SERVICES)
      22549 Hwy 27, Lake Wales, FL 33859-6863
      View Details
    • Value Estimation by Request
      1,840 SF

      6901 Waverly Rd

      RETAIL STORES (PERSONAL SERVICES)
      6901 Waverly Rd, Lake Wales, FL 33859
      View Details
    • Value Estimation by Request
      3,460 SF

      2535 State Rd 60th W

      RETAIL STORES (PERSONAL SERVICES)
      2535 State Rd 60th W, Lake Wales, FL 33859-8292
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Retail Space Near Eagle Ridge

      Up to 3,000 SF available near Eagle Ridge Mall.
      17 Eagle Ridge Dr, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Retail Space Near Eagle Ridge Mall

      Retail development opportunity with high visibility near Eagle Ridge Mall.
      Nec Eagle Rdg Mall Entrance And Hwy 27, Lake Wales, FL 33859
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      1,152 SF

      Lake Wales Retail/Restaurant Opportunity

      1,152 SF building on US Hwy 27, Lake Wales.
      14571 Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Prime Land on HWY 27

      Land on HWY 27 in Lake Wales, Florida.
      16405 Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Lowe's Outparcel Retail Pad

      Retail pad site at entrance to Eagle Ridge Mall.
      East Rdg Mall Rd, Lake Wales, FL 33859
      View Details
    • $495,000
      14.14 Acres

      14+ Acre Hobby Farm Land

      Land near HWY 27 and HWY 630A, suitable for hobby farm.
      Us Hwy 27 Hwy, Lake Wales, FL 33859
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,655 SF

      Lake Wales Retail Space

      Retail space available for lease in Lake Wales, Florida.
      9 Eagle Ridge Dr, Lake Wales, FL 33859
      View Details
    • Contact for pricing
      10,500 SF

      Retail & Restaurant Space Available

      400,000± SF retail and restaurant space for lease.
      Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing
      1,457 SF

      Retail Space on Highway 27

      Retail space with high visibility and prominent signage available.
      24174 Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Highway Frontage Commercial Property

      Versatile commercial property with highway frontage, suitable for various uses.
      16110 Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing
      3,216 SF

      Highway 27 Commercial Property

      High-visibility commercial property on US Highway 27 available for lease.
      16110 Us Highway 27, Lake Wales, FL 33859
      View Details
    • $41,808
      3,216 SF

      Retail Space on Highway 27

      Retail space available for lease on U.S. Highway 27.
      16110 Us Highway 27, Lake Wales, FL 33859
      View Details
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    Lake Wales, FL 33859-2579
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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