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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Turn key restaurants
19501 Hwy 27, Lake Wales, FL 33853-2456
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1814623
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Total area
4,510 SF
Lot
0.71 ac (31,084 SF)
Zoning code
C-3
APN
273003000000021140
UPID
US18-1814623
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
-
Woody's Bar-B-Q Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$695k
Owner & transaction history
Bucknole Investments LLC · 1 yrs held
Bucknole Investments LLC
since 2025
Last sale
$900,000
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
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
$695k
Range $626k – $765k · ±10% · vs last sale $900k (Nov 13 2024)
Last sale anchor
$900k
Nov 13 2024
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
$154 / 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
$11,038
Tax year 2023
Assessed value
$554,473
Assessed 2023
Previous assessed
$562,315
-1.4% YoY
Effective rate
1.99%
On assessed value
Assessed land
$186,534
Assessed improvement
$367,939
Land market value
$186,534
Improvement market value
$367,939
Total market value
$554,473
Applied tax rate
90,320.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1988
Heating
NONE
Stories
1
Units
1
Total area
4,510 SF
Lot
0.71 ac (31,084 SF)
Zoning code
C-3
APN
273003000000021140
UPID
US18-1814623
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
1988
Heating
NONE
Stories
1
Units
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Bucknole Investments LLC
Entity
Mailing address
PO BOX 1047, DUNDEE, FL 33838-1047
Ownership since
2025
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
Feb 13, 2025
$900,000
Bucknole Investments LLC
Dtdt II INC
Warranty Deed
$700,000 · First Horizon Bank
Sep 15, 2022
—
Dtdt II INC
—
Deed
related
$560,000 · Citizens Bank & Trust
Mar 25, 2004
—
Dtdt II INC
Property Holdings Of Polk Coun
Quit Claim Deed
related
—
Nov 14, 2002
$500,000
Property Holdings Of Polk Coun
The Country Gardens Of Highlan
Grant Deed
related
$375,000 · Wachovia Bank NA
—
—
Dtdt II INC
—
Deed Of Trust
related
$595,965 · Wells Fargo Bank
—
—
Dtdt II INC
—
Deed Of Trust
related
$400,000 · Wachovia Bank NA
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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