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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
18600 Hwy 27, Lake Wales, FL 33853-2441
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2802331
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
2,056 SF
Lot
0.79 ac (34,591 SF)
Zoning code
C-3
APN
273010000000012140
UPID
US18-2802331
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
-
Bull Hog Brand (Bike/Boat/Book/etc) Store
-
Architectural Drafting Renovation Specialist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$462k
Blend (final)
Blend
$500k
Owner & transaction history
Socalo Discount Food INC · 3 yrs held
Socalo Discount Food INC
since 2023
Last sale
$505,000
7 recorded transactions
Zoning & alternative use
C-3 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$635,000
+86.5%
Commercial (general)
$580,000
+70.8%
Auto repair, garage
$500,000
+46.8%
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%
$450,000
6.5%
$415,000
7%
$385,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$340,000
Current use
MEDICAL BUILDING
$635,000
Change: +87% · Conversion: Easy
COMMERCIAL (GENERAL)
$580,000
Change: +71% · Conversion: Easy
AUTO REPAIR, GARAGE
$500,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$375,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $505k (Feb 27 2023)
Last sale anchor
$505k
Feb 27 2023
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
$243 / 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
$6,429
Tax year 2023
Assessed value
$402,995
Assessed 2023
Previous assessed
$425,897
-5.4% YoY
Effective rate
1.60%
On assessed value
Assessed land
$67,454
Assessed improvement
$335,541
Land market value
$67,454
Improvement market value
$335,541
Total market value
$402,995
Applied tax rate
90,000.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
2,056 SF
Lot
0.79 ac (34,591 SF)
Zoning code
C-3
APN
273010000000012140
UPID
US18-2802331
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lake Wales, FL
Zoning C-3 · permitted uses
C-3 · Lake Wales, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Wales. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$340,000
MEDICAL BUILDING
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$375,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Socalo Discount Food INC
Entity
Mailing address
452 US HWY, HAINES CITY, FL 33844
Ownership since
2023
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
Feb 27, 2023
$505,000
Socalo Discount Food INC
Bull Hog Brand Co LLC
Warranty Deed
—
May 10, 2018
$415,000
Bull Hog Brand Co LLC
Smith,eric D
Warranty Deed
—
Jan 9, 2012
—
Eric D Smith
—
Trustees Deed
related
$50,000 · Doles John W Trust
Oct 28, 1997
$112,000
Joseph B Kadrovach
Tschida,mike A & Marleen
Grant Deed
$97,000 · Seller
—
—
Joseph B Kadrovach
—
Deed Of Trust
related
$175,000 · Wells Fargo Bank
—
—
Joseph B Kadrovach
—
Deed Of Trust
related
$120,000 · First Union National Bank
—
—
Joseph B Kadrovach
—
Deed Of Trust
related
$35,000 · Wachovia Bank NA
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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