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1901 Longleaf Blvd Lake Wales, FL 33859-2500

OFF-MARKET Industrial properties Google Maps
12,315 SF 0.28 ac lot Built 2005
Entity Owned 19-yr Hold ~ Est. High Equity
Estimated value (blended)
$485k
Range $437k – $534k (±10%)
Property ID US19-0662099

Property summary

AI-generated overview

This exceptional 12,315-square-foot office/warehouse condominium is situated in the Lake Wales Commerce & Technology Park (formerly Longleaf Business Park) on Highway 27 in Lake Wales, Florida. The property boasts approximately 3,000 square feet of finished office space, featuring nine private offices, four bathrooms, a break room with a sink, and a conference room. The warehouse area is a clear-span design, offering one dock-high roll-up door and a second door with a ramp, all fully air-conditioned. Ceiling heights range from 24 feet at the front to 21 feet at the back. The building features a durable TPO roof and ample three-phase electrical power. Parking is conveniently provided by the condo association. This versatile space is ideal for a variety of uses, including office/warehouse, showroom, light manufacturing, distribution, and professional or medical services. The property sits on a 0.28-acre lot and is zoned for commercial use. Its prime location offers easy access to State Road 60 (less than two miles away) and the CSX Intermodal Facility (only nine miles distant). The asking price is $1,194,555, translating to $97 per square foot. This single-story building presents a compelling investment opportunity in a thriving business park.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,315 SF
Lot 0.28 ac (12,345 SF)
APN 273014927044000010
UPID US19-0662099

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage
  • Hardware & Home Improvement Construction Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
$905k
Comparable Approach Comparable
$696k
Blend (final) Blend
$485k

Owner & transaction history

since 2006
1 recorded transaction
2006
$648,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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