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Property profile & analytics
FOR SALE
Outlet malls

1970 E State Road 60 Lake Wales, FL 33853

95,964 SF 9.85 ac lot Built 1994
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-3377957
Property summary
AI-generated overview

This exceptional 0.5-acre outparcel presents a remarkable investment opportunity in Lake Wales, Florida. Strategically located within the thriving East Gate shopping center, this property benefits from its proximity to a successful Rural King store and a Winn-Dixie supermarket, ensuring high visibility and consistent foot traffic. The site enjoys exceptional daily traffic counts exceeding 20,000 vehicles on SR 60, providing unparalleled exposure for any business. The surrounding area boasts a robust population exceeding 185,000 within a 15-mile radius, with average household incomes surpassing $60,000, indicating strong consumer spending power. Further enhancing the location's appeal is the presence of established national retailers such as Walmart, Wendy's, and McDonald's, creating a synergistic retail environment. The nearby Lake Wales Medical Center, a significant employer with 160 beds and over 520 employees, adds to the area's economic vitality and provides a substantial pool of potential customers. This single-tenancy outlot, classified as retail land in Polk County, offers unparalleled potential for a variety of commercial ventures. The property's high visibility, strong demographics, and established retail environment make it an ideal location for businesses seeking significant growth and market penetration.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1994
Total area 95,964 SF
Lot 9.85 ac (428,935 SF)
APN 283007940851000051
UPID US18-3377957
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
  • Blue Rhino Propane Exchange Propane Supplier
  • Rural King Big Box & Wholesale Store Agricultural Supply
  • Rural King Guns Gun Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.76M
Blend (final) Blend
$4.38M
Owner & transaction history
Ajm LLC · 6 yrs held
Ajm LLC
since 2020
Last sale
$3.1M
7 recorded transactions
2021
Price N/A
2020
Price N/A
2020
Price N/A
2006
$3.1M
2004
$1.5M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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