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    18931 Hwy 27 Lake Wales, FL 33853-2446
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    Property profile & analytics

    18931 Hwy 27, Lake Wales, FL 33853-2446

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    • Motels
    • 1,978 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Feb 22, 2022
    $200,000
    Property ID
    US18-3884778
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • London Inn Motel / Hotel & Motel

    Property Details for 18931 Hwy 27

    Year built
    1954
    Lot size
    0.69 lot acres
    Zone code
    C-3
    Property type
    Motels
    APN
    273010000000011050
    APU
    273010000000011050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 19, 2026 — The S Highway 27 Land Trust 18931 — Deed · related $833k · Belawi LLC
    Feb 22, 2022 — Claudia Hiser Florida Trust Services LLC Intrafamily Transfer · related —
    Aug 7, 2020 — S Highway 27 Land Trust 18931 S Highw 27 Land Trust 18931 Quit Claim Deed · related —
    Jul 17, 2018 $200,000 S Highway 27 Lan Trust Diamond Bear Corp Grant Deed $200k · Les Dauphinois LLC
    May 19, 2016 — Diamond Bear Corp Shri Balaji-1 Corp Quit Claim Deed · related —
    Jun 6, 2011 — Shri Balaji-1 Corp Point Eleven INC Grant Deed · related —
    Mar 28, 2011 — Shri Balaji-1 Corp Point Eleven Corp Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5993
    Latitude
    27.892
    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
    $2,820
    $59,025
    $69,833
    $128,858
    -
    $59,025
    $69,833
    $128,858

    Comparable in this City

    • Value Estimation
      $1,480,000
      9,249 SF

      19071 Hwy 27

      MOTEL
      19071 Hwy 27, Lake Wales, FL 33853-2448
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    • Value Estimation by Request
      3,016 SF

      513 Scenic Hwy

      MOTEL
      513 Scenic Hwy, Lake Wales, FL 33853-4833
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    • Value Estimation by Request
      3,172 SF

      340 Polk Ave

      MOTEL
      340 Polk Ave, Lake Wales, FL 33853-5712
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    • Value Estimation
      $515,000
      6,612 SF

      18601 Hwy 27

      MOTEL
      18601 Hwy 27, Lake Wales, FL 33853-2442
      View Details
    • Value Estimation by Request
      3,380 SF

      513 Scenic Hwy

      MOTEL
      513 Scenic Hwy, Lake Wales, FL 33853-4833
      View Details
    • Value Estimation
      $675,000
      6,690 SF

      530 Scenic Hwy

      MOTEL
      530 Scenic Hwy, Lake Wales, FL 33853-4840
      View Details

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      Eleven-unit multifamily property with long-term leases and convenient location.
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      Prime Corner Lot in Lake Wales

      Multi-use corner lot ready for construction in Lake Wales.
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      Commercial property near downtown Lake Wales, renovation needed.
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      Downtown Lake Wales Auto Shop

      Auto shop with flexible workspace in growing downtown Lake Wales.
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    Similar Nearby for Lease

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      Lake Wales Medical Office Space

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      Retail Space in Lake Wales

      Spacious retail building in a thriving Lake Wales location.
      1110 State Road 60 E, Lake Wales, FL 33853
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    • $14 SF/Yr
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      Downtown Lake Wales Retail Space

      Retail space in revitalized downtown Lake Wales business district.
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    • Contact for pricing
      3,732 SF

      Turnkey Restaurant Space Available

      Prime downtown restaurant space in revitalized Lake Wales business district.
      253 E Stuart Ave, Lake Wales, FL 33853
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    • $15 SF/Yr
      6,400 SF

      Downtown Lake Wales Mixed-Use Property

      Corner lot in growing business district, suitable for various uses.
      250 E Park Ave, Lake Wales, FL 33853
      View Details
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    Lake Wales, FL 33853-2446
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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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