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Property profile & analytics
OFF-MARKET
Manufacturing properties
1901 State Rd 60th W, Lake Wales, FL 33859-8286
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-5216031
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Total area
8,036 SF
Lot
0.76 ac (33,162 SF)
Zoning code
C-3
APN
273004911300002070
UPID
US18-5216031
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael Anthony Diaz · 4 yrs held
Michael Anthony Diaz
since 2022
Last sale
$200,000
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,168
Tax year 2023
Assessed value
$206,020
Assessed 2023
Previous assessed
$223,933
-8.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$43,063
Assessed improvement
$162,957
Land market value
$43,063
Improvement market value
$162,957
Total market value
$206,020
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Units
1
Total area
8,036 SF
Lot
0.76 ac (33,162 SF)
Zoning code
C-3
APN
273004911300002070
UPID
US18-5216031
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
1994
Heating
NONE
Stories
1
Units
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Michael Anthony Diaz
Individual
Free & Clear · 4 yrs held
Mailing address
1901 STATE RD 60TH W, LAKE WALES, FL 33859-8286
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Michael Anthony Diaz
Raul Diaz
Intrafamily Transfer
related
—
Dec 1, 2016
$625,000
Central Florida Plywood & Lumb
Global Produce Sales INC
Warranty Deed
$375,000 · Private Individual
Jul 7, 2015
—
Diaz,michael A Family Trust
Arbona,cynthia D
Quit Claim Deed
related
—
May 28, 2015
—
Diaz,michael A Family Trust
Diaz Miguel A
Quit Claim Deed
related
—
May 29, 2007
—
Miguel Diaz
Diaz,miguel
Quit Claim Deed
related
—
Oct 22, 2004
$200,000
Miguel Diaz
Orcutt,bruce B
Warranty Deed
$190,000 · Bruce B Orcutt
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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