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    Property profile & analytics

    1903 State Rd 60th E Lake Wales, FL 33853-4329

    • Drug stores
    • 17,628 SF
    • 2.31 lot acres
    OFF-MARKET
    Value Estimation
    $5,605,000
    Last Sale
    Sep 17, 2021
    $4,792,700
    Location Intelligence
    Property ID
    US18-6090072
    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.

    Current Use by Public Records

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Walgreens Pharmacy / Pharmacy
    • Redbox / Movie Rental Kiosk / Dvd Store
    • Walgreens / Convenience Store / Cosmetics Store
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 1903 State Rd 60th E

    Year built
    1997
    Lot size
    2.31 lot acres
    Property size
    17,628 SF
    Property type
    Drug stores
    APN
    283006000000042060
    APU
    283006000000042060

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,120,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,860,000
      6.5%
      $5,090,000
      7%
      $4,900,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,060,000
      Geo Method
      $4,085,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,005,000
      Retail
      $5,115,000
      Mixed-Use
      $4,645,000
      Hospitality
      $5,580,000
      Educational
      $4,995,000
      Residential Income
      $4,230,000
      Energy
      $5,130,000
      Income-Based Land
      $4,145,000
      Food Service
      $4,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5567
    Latitude
    27.8946
    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
    $51,239
    $995,736
    $1,588,389
    $2,584,125
    -
    $995,736
    $1,588,389
    $2,584,125

    Comparable in this City

    • Value Estimation by Request
      12,538 SF

      500 11th St

      DRUG STORE, PHARMACY • 12,538 SF
      500 11th St, Lake Wales, FL 33853-4901
      View Details
    • Value Estimation
      $270,000
      8,256 SF

      125 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,256 SF
      125 Park Ave, Lake Wales, FL 33853-4123
      View Details
    • Value Estimation
      $325,000
      4,388 SF

      247 Stuart Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,388 SF
      247 Stuart Ave, Lake Wales, FL 33853-3712
      View Details
    • Value Estimation
      $230,000
      2,040 SF

      116 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
      116 Park Ave, Lake Wales, FL 33853-4124
      View Details
    • Value Estimation
      $140,000
      3,038 SF

      28 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,038 SF
      28 Park Ave, Lake Wales, FL 33853-4132
      View Details
    • Value Estimation
      $290,000
      1,369 SF

      22 Polk Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,369 SF
      22 Polk Ave, Lake Wales, FL 33853-4126
      View Details

    Similar Nearby for Sale

    • $900,000
      7,350 SF

      Mixed-Use Buildings on Scenic Highway

      Two commercial buildings ideal for showroom, warehouse, or mixed-use.
      322 S Scenic Hwy, Lake Wales, FL 33853
      View Details
    • $350,000

      Retail Property on Scenic Highway

      2,200 SqFt retail property with high visibility and accessibility.
      415 N Scenic Hwy, Lake Wales, FL 33853
      View Details
    • $650,000
      Pending

      Lake Wales Retail Opportunity

      Commercial opportunity in Lake Wales, Florida, with large commercial building.
      242 S Scenic Hwy, Lake Wales, FL 33853
      View Details
    • $225,000

      Downtown Lake Wales Commercial Building

      Two-suite commercial building in downtown Lake Wales with parking.
      128 E Orange Ave, Lake Wales, FL 33853
      View Details
    • $1,650,000
      8,480 SF

      Historic Lake Wales Mixed-Use Building

      Historic mixed-use building in revitalized downtown Lake Wales with commercial and residential.
      244 E Park Ave, Lake Wales, FL 33853
      View Details
    • $3,499,000
      19,931 SF

      Prime Retail Opportunity on Hwy 60

      1.95 acre retail property with redevelopment potential on Hwy 60.
      126 State Road 60 W, Lake Wales, FL 33853
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      4,953 SF

      Versatile Retail Building in Lake Wales

      4,953 SF C2-zoned building suitable for diverse retail opportunities.
      1110 State Road 60 E, Lake Wales, FL 33853
      View Details
    • Contact for pricing
      2,496 SF

      Retail Space in Publix-Anchored Center

      Retail space available in Polk County, Publix-anchored shopping center.
      102-138 State Road 60 E, Lake Wales, FL 33853
      View Details
    • $26,400

      Retail Space with Existing Features

      2400 SF commercial space with retail and storage areas.
      214 Domaris Ave, Lake Wales, FL 33853
      View Details
    • $14 SF/Yr
      2,340 SF

      Downtown Lake Wales Retail Space

      Retail space in revitalized downtown Lake Wales business district.
      245 E Park Ave, Lake Wales, FL 33853
      View Details
    • $16,200 /Mo

      Downtown Lake Wales Commercial Space

      Versatile commercial space near downtown Lake Wales with high visibility.
      240 S 1St St, Lake Wales, FL 33853
      View Details
    • $6,000 /Mo

      Retail/Office Space for Rent

      Retail or office space available for lease at $11/SF.
      230 E Park Ave, Lake Wales, FL 33853
      View Details
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    Lake Wales, FL 33853-4329
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    Realmo Value Estimation

    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.

    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.

    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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