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Property profile & analytics
OFF-MARKET Estimated value $400,000
Auto shops

19254 Hwy 27 Lake Wales, FL 33853-2451

1,850 SF 0.36 ac lot Built 1958
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4157765
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1958
Total area 1,850 SF
Lot 0.36 ac (15,764 SF)
Zoning code C-3
APN 273003911000004010
UPID US18-4157765
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k
Owner & transaction history
Jose Cartagena · 1 yrs held
Jose Cartagena
since 2024
Last sale
$400,000
6 recorded transactions
2024
$400,000
2022
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-3 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of C-3 zone is designed to permit the development of commercial areas in groupings on major highways and to allow medium and large-scale commercial establishments and a full range of commercial and professional use

Zone name Highway Commercial
General category COMMERCIAL
Zone area 635.05 ac
Source Realmo
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