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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Grocery and convenience stores
14907 State Rd 60th E Lake Wales, FL 33898-7187
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4426206
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1989
Total area
8,817 SF
Lot
3.21 ac (139,784 SF)
APN
303030000000014020
UPID
US18-4426206
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
-
Jimmy's Truck Stop- Marathon Gas Station
-
Bitcoin of America ATM Currency Exchange Service Atm
-
Jimmy's truck stop 2 Atm Gas Station
-
Gasolinera del 60 el Indio Gas Station
-
DigitalMint Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.53M
Owner & transaction history
Akshar INC · 4 yrs held
Akshar INC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+54.6%
Auto repair, garage
$2.1M
+32.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Wales submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,615,000
Current use
COMMERCIAL (GENERAL)
$2,500,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,145,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$1,425,000
Change: -12% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,365,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,832
Tax year 2023
Assessed value
$802,678
Assessed 2023
Previous assessed
$901,113
-10.9% YoY
Effective rate
1.60%
On assessed value
Assessed land
$153,510
Assessed improvement
$649,168
Land market value
$153,510
Improvement market value
$649,168
Total market value
$802,678
Applied tax rate
30,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Units
1
Total area
8,817 SF
Lot
3.21 ac (139,784 SF)
APN
303030000000014020
UPID
US18-4426206
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
1
Units
1
Lot
3.21 ac
Current owner
From public records · entity-resolved
Akshar INC
Entity
Mailing address
14907 STATE RD 60TH E, LAKE WALES, FL 33898-7187
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
—
Akshar INC
J H Williams Oil Company INC
Special Warranty Deed
$1,300,000 · Regions Bank
Jan 6, 2004
$775,000
Jayshiv Bhumi LLC
Cordello,james R & Sara-jo
Grant Deed
$487,500 · Colonial Bank
—
—
James R Cordello
—
Deed Of Trust
related
$400,000 · Colonial Bank Fsb
—
—
Jayshiv Bhumi LLC
—
Deed Of Trust
related
$390,082 · Suntrust Bank NA
—
—
Jayshiv Bhumi LLC
—
Loan Modification
related
$415,082 · Suntrust Bk/tallahassee
—
—
Jayshiv Bhumi LLC
—
Deed Of Trust
related
$14,400 · Us Small Business Admn
—
—
Jayshiv Bhumi LLC
—
Deed Of Trust
related
$453,200 · Us Small Business Admn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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