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Property profile & analytics

19254 Hwy 27 Lake Wales, FL 33853-2451

  • Auto shops
  • 1,850 SF
  • 0.36 lot acres
OFF-MARKET
Value Estimation
$395,000
Last Sale
Dec 19, 2024
$400,000
Location Intelligence
Property ID
US18-4157765
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

  • Auto shops

Property Details for 19254 Hwy 27

Year built
1958
Lot size
0.36 lot acres
Property size
1,850 SF
Zone code
C-3
Property type
Auto shops
APN
273003911000004010
APU
273003911000004010

Description

This exceptional 0.45-acre commercial property, located at 19254 HWY 27 S in Lake Wales, Florida (zip code 33853), presents a compelling investment opportunity. Priced at $499,000, this strategically positioned lot offers significant potential for various commercial ventures. Situated on the bustling US Highway 27, just south of State Road 60, the property benefits from high visibility and accessibility, with convenient access from both north and south directions. The north access point even includes a left-turn lane. Previously used as an automotive service center, the existing 3,770 square foot building (3,320 square feet heated) constructed in 1958, provides ample space for a variety of uses, including retail, service operations, or office space. The property consists of two parcels, offering flexibility for development or expansion. This prime location in Polk County, Florida, ensures high traffic flow and exposure, making it an ideal investment for businesses seeking a prominent presence in a growing market. The property's 1,400 square foot building offers immediate usability while the land provides ample room for future expansion or redevelopment.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $400,000
  • CAP approach

    CAP return
    Estimation
    6%
    $380,000
    6.5%
    $395,000
    7%
    $425,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $350,000
    Geo Method
    $365,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $365,000
    Retail
    $385,000
    Mixed-Use
    $375,000
    Hospitality
    $340,000
    Educational
    $335,000
    Residential Income
    $410,000
    Energy
    $435,000
    Income-Based Land
    $430,000
    Food Service
    $400,000

Location Insight

  • Map
  • Local Demand
City
Lake Wales
County
Polk
State
Florida
Longitude
-81.6004
Latitude
27.8965
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
$1,774
$59,903
$61,005
$120,908
-
$59,903
$61,005
$120,908
More about this property
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