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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Motels
18601 Hwy 27 Lake Wales, FL 33853-2442
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-9178620
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1954
Total area
6,612 SF
Lot
1.03 ac (44,997 SF)
Zoning code
C-3
APN
273010000000012060
UPID
US18-9178620
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
-
Lake Wales Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$515k
Owner & transaction history
Regis Ent INC · 9 yrs held
Regis Ent INC
since 2016
7 recorded transactions
Zoning & alternative use
C-3 · Lake Wales, 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 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
$385,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$78 / 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
$2,822
Tax year 2023
Assessed value
$245,244
Assessed 2023
Previous assessed
$239,421
+2.4% YoY
Effective rate
1.15%
On assessed value
Assessed land
$87,740
Assessed improvement
$157,504
Land market value
$87,740
Improvement market value
$157,504
Total market value
$245,244
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1954
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
6,612 SF
Lot
1.03 ac (44,997 SF)
Zoning code
C-3
APN
273010000000012060
UPID
US18-9178620
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.
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Regis Ent INC
Entity
Free & Clear · 9 yrs held
Mailing address
18601 HWY 27, LAKE WALES, FL 33853-2442
Ownership since
2016
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
Oct 10, 2016
—
Regis Ent INC
Jai Shreeji Bawa INC Coc
Trustees Deed
related
—
Jun 23, 2008
$436,214
Jai Shreeji Bawa INC
Dave Hospitality INC
Warranty Deed
$300,000 · Jai Chamunda INC
Jun 21, 2006
$515,500
Dave Hospitality INC
Jai Chamunda INC
Warranty Deed
$300,000 · Jai Chamundra INC
Mar 8, 2005
—
Kirk D Schoenberger
Vicas Of Polk County INC
Quit Claim Deed
related
—
Mar 8, 2005
$275,000
Jai Chamunda INC
Schoenberger,charles L
Warranty Deed
$200,000 · Charles L Schoenberger
Jan 12, 1999
$250,000
Schoenberger,charles L
Taj Investment INC
Trustees Deed
—
Jan 12, 1999
$260,000
Vicas INC
Schoenbderger,charles L
Trustees Deed
$220,000 · Seller
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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