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Property profile & analytics
FOR SALE
Grocery and convenience stores
1499 N Lake Ave Avon Park, FL 33825
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1921070
For Sale
1 / 20
$329,900
1499 N Lake Ave, Avon Park, FL 33825
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1973
Construction
FRAME
Total area
2,080 SF
Lot
0.35 ac (15,300 SF)
Zoning code
C1
APN
A-15-33-28-011-0040-0000
UPID
US18-1921070
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nasir A Khan · 1 yrs held
Nasir A Khan
since 2024
Last sale
$250,000
7 recorded transactions
Zoning & alternative use
C1 · Avon Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Avon Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,539
Tax year 2023
Assessed value
$132,400
Assessed 2023
Previous assessed
$121,274
+9.2% YoY
Effective rate
1.92%
On assessed value
Assessed land
$22,950
Assessed improvement
$109,450
Land market value
$22,950
Improvement market value
$109,450
Total market value
$132,400
Applied tax rate
10.0000
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
GROCERY, SUPERMARKET
Status
For Sale
Year built
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Bathrooms
0
Total area
2,080 SF
Lot
0.35 ac (15,300 SF)
Zoning code
C1
APN
A-15-33-28-011-0040-0000
UPID
US18-1921070
Jurisdiction
HIGHLANDS
Zoning & alternative use
C1 · Avon Park, FL
Zoning C1 · permitted uses
C1 · Avon Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avon Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
0
Lot
0.35 ac
Current owner
From public records · entity-resolved
Nasir A Khan
Individual
Mailing address
1656 N DRESSEL RD, AVON PARK, FL 33825-8658
Ownership since
2024
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
Dec 31, 2024
$250,000
Nasir A Khan
Robert S Smith
Warranty Deed
$200,000 · Robert S Smith Etux
Jan 14, 2020
—
Robert S Smith
Avon Mini Mart Il INC
Quit Claim Deed
related
—
Sep 6, 2018
$125,000
Avon Mini Mart II INC
Simms,novelette
Warranty Deed
—
May 29, 2018
$110,000
Novelette Simms
1499 N Lake Ave LLC
Warranty Deed
$80,000 · 1499 N Lake Ave LLC
Dec 21, 2017
—
Fuad Kahook
Avon Mini Mart LLC Coc
Trustees Deed
—
Nov 18, 2013
$140,000
Avon Mini Mart LLC
1499 N Lake Ave LLC
Grant Deed
$120,000 · 1499 N Lake Ave LLC
Feb 9, 2012
$90,000
1499 N Lake Ave LLC
Cano & Harry Corp INC
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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