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    OFF-MARKET Estimated value $695,000
    Industrial properties

    1901 Longleaf Blvd, Lake Wales, FL 33859-2500

    12,315 SF 0.28 ac lot Built 2005
    Entity Owned 19-yr Hold ~ Est. High Equity
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • AirSea Packing Group LLC Lake Wales Warehouse & Storage
    • 1-800-Packouts of Central Florida Inc. 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
    $695k
    Owner & transaction history
    Gibraltar Of Florida LLC · 19 yrs held
    Gibraltar Of Florida LLC
    since 2006
    1 recorded transaction
    2006
    $648,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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