1965 Thompson Nursery Rd Lake Wales, FL 33859-4774
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$2.01M
Range $1.81M – $2.21M (±10%)
Implied cap rate
4.50%
In-place · NOI ÷ last sale
Property ID
US18-4299648
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Total area
9,218 SF
Lot
13.98 ac (609,056 SF)
Zoning code
C-4
APN
272916000000042090
UPID
US18-4299648
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trucking Company
-
Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$2.01M
Owner & transaction history
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C-4 · Lake Wales, FL
Zoning description
The purpose of C-4 zone is designed to permit the development of local commercial areas to serve surrounding residential areas with small scale convenience goods and personal service
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.01M
Value range
$1.81M – $2.21M
±10% around blend
Estimated value / SF
$218 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
70
$1.81M
blend $2.01M
$2.21M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,218 SF
Lot area
13.98 ac
Year built
1987
Stories
2
APN
272916000000042090
Assessed value
$667,418
Annual tax
$12,354
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.38M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.49M
@ 6.5% CAP return
$1.38M
@ 7% CAP return
$1.28M
4
Sales comparison
Partial preview
Sales approach indication
$1.36M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.6 mi away · 10,650 SF
11.1 mi away · 6,720 SF
18.5 mi away · 10,000 SF
20.1 mi away · 10,975 SF
21.8 mi away · 7,690 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.01M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 27 sales
$562
-61%
County 228 sales
$124
+75%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $218/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
4.50%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.50%
9.0%
NOI (est.)
$112k *
Last sale · Dec 2023
$1.60M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.49M
Move the market yield to see immediate price impact.
Value / SF
$270
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.00%4.50%5.00%
$101k
$2.52M
$2.24M
$2.02M
$112k
$2.80M
$2.49M
$2.24M
$123k
$3.08M
$2.74M
$2.46M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.20M
3.6 mi · Dec 2025 · $183/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,354
Tax year 2023
Assessed value
$667,418
Assessed 2023
Previous assessed
$557,383
+19.7% YoY
Effective rate
1.85%
On assessed value
Assessed land
$319,580
Assessed improvement
$347,838
Land market value
$319,580
Improvement market value
$347,838
Total market value
$667,418
Applied tax rate
90,320.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
2
Stories
2
Units
1
Total area
9,218 SF
Lot
13.98 ac (609,056 SF)
Zoning code
C-4
APN
272916000000042090
UPID
US18-4299648
Jurisdiction
POLK
Zoning & alternative use
C-4 · Lake Wales, FLZoning C-4 · permitted uses
C-4 · Lake Wales, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of C-4 zone is designed to permit the development of local commercial areas to serve surrounding residential areas with small scale convenience goods and personal service
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
2
Buildings
2
Units
1
Lot
13.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-4
COMMERCIAL
Jurisdiction
Lake Wales, FL
Recorded code
C-4
Official district
C-4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-4 in Lake Wales, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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