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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Manufacturing properties
1901 State Rd 60th E, Lake Wales, FL 33853-4324
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-5913601
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
20,370 SF
Lot
3.63 ac (158,036 SF)
Zoning code
C-3
APN
283006000000042020
UPID
US18-5913601
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
-
Plant Your Flag Clothing Store
-
ASI Chemical Inc Industrial Manufacturer Production Facility
-
The Floyd Investment Group Bank Credit Union
-
Martin's Marine (Bike/Boat/Book/etc) Store
-
Central Florida Plywood & Lumber Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.38M
Owner & transaction history
Central Florida Plywood & Lumb · 9 yrs held
Central Florida Plywood & Lumb
since 2016
5 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,620,000
6.5%
$1,495,000
7%
$1,390,000
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$68 / 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
$12,246
Tax year 2023
Assessed value
$608,773
Assessed 2023
Previous assessed
$664,017
-8.3% YoY
Effective rate
2.01%
On assessed value
Assessed land
$244,964
Assessed improvement
$363,809
Land market value
$244,964
Improvement market value
$363,809
Total market value
$608,773
Applied tax rate
90,320.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
2
Stories
1
Total area
20,370 SF
Lot
3.63 ac (158,036 SF)
Zoning code
C-3
APN
283006000000042020
UPID
US18-5913601
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
1983
Heating
NONE
Stories
1
Buildings
2
Lot
3.63 ac
Current owner
From public records · entity-resolved
Central Florida Plywood & Lumb
Individual
Mailing address
1901 STATE RD 60TH B E STE B, LAKE WALES, FL 33853-4325
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2016
$625,000
Central Florida Plywood & Lumb
Global Produce Sales INC
Warranty Deed
$375,000 · Private Individual
Mar 11, 2009
—
Global Produce Sales INC
—
Deed Of Trust
related
$4,000,000 · Farm Credit Service
May 13, 1997
$750,000
Olympia Development Group INC
Seminole Citrus Packing INC
Grant Deed
$2,390,000 · Barnett Bank
—
—
Global Produce Sales INC
—
Deed Of Trust
related
$790,000 · Rind Time Funding II LLC
—
—
Global Produce Sales INC
—
Deed Of Trust
related
$575,000 · Bank Of Ctrl Fl
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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