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Property profile & analytics
OFF-MARKET
Estimated value
$155,000
Auto shops
1935 State Rd 60th E Lake Wales, FL 33853
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5572494
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1957
Total area
1,876 SF
Lot
0.2 ac (8,756 SF)
Zoning code
C-3
APN
273004911300001010
UPID
US18-5572494
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
-
Tonka Transmission Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$155k
Owner & transaction history
Douglas R Strelow · 13 yrs held
Douglas R Strelow
since 2013
7 recorded transactions
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
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$155k
Range $140k – $171k · ±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
$83 / 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
$584
Tax year 2023
Assessed value
$37,378
Assessed 2023
Previous assessed
$35,676
+4.8% YoY
Effective rate
1.56%
On assessed value
Assessed land
$11,818
Assessed improvement
$25,560
Land market value
$11,818
Improvement market value
$25,560
Total market value
$37,378
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1957
Heating
NONE
Stories
1
Total area
1,876 SF
Lot
0.2 ac (8,756 SF)
Zoning code
C-3
APN
273004911300001010
UPID
US18-5572494
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lake Wales, FLZoning 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
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
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Douglas R Strelow
Individual
Free & Clear · 13 yrs held
Mailing address
3284 ST THOMAS RD, LAKE WALES, FL 33859-6889
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2013
—
Douglas R Strelow
Strelow,marlene P
Quit Claim Deed
related
—
Mar 1, 2007
—
Gloria M Gibson
Mcclendon,james C
Quit Claim Deed
related
—
Sep 13, 2000
$65,000
Douglas R Strelow
Hargo,jessie & Marie C
Grant Deed
—
Jul 21, 2000
$45,900
Jessie Hargo
Courtney,eric E
Grant Deed
—
Jan 19, 2000
$25,100
Eric E Courtney
Courtney,donna P
Quit Claim Deed
related
—
Jan 5, 1999
$65,000
Eric E Courtney
Hargo,jessie & Marie C
Grant Deed
$55,000 · Seller
Jan 29, 1997
$34,800
Jessie Hargo
Hargo,steven W & Lora S
Grant Deed
related
—
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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