Back to Search
Property profile & analytics
OFF-MARKET
Commercial land
1st N St Lake Wales, FL 33853
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-7225743
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.05 ac (2,078 SF)
Zoning code
C-1
APN
273002902000001060
UPID
US18-7225743
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Monty Palma · 1 yrs held
Monty Palma
since 2024
Last sale
$16,700
7 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$91
Tax year 2023
Assessed value
$4,673
Assessed 2023
Previous assessed
$4,673
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$4,673
Land market value
$4,673
Total market value
$4,673
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.05 ac (2,078 SF)
Zoning code
C-1
APN
273002902000001060
UPID
US18-7225743
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lake Wales, FL
Zoning C-1 · permitted uses
C-1 · 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
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Monty Palma
Individual
Free & Clear · 1 yrs held
Mailing address
900 AVE M M SE, WINTER HAVEN, FL 33880-4526
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
$16,700
Monty Palma
Bergen Real Estate LLC
Warranty Deed
—
Mar 28, 2024
$33,250
Bergen Real Estate LLC
Duisburg Enterprises LLC
Warranty Deed
—
Jun 6, 2018
$159,500
Duisburg Ents LLC
Us-union-26 LP
Grant Deed
—
Jul 26, 2016
$189,900
Us-union-26 LP
Pps Holdings LLC
Grant Deed
$127,500 · Civic Fin'l Svcs
Jul 8, 2016
$155,200
Pps Holdings LLC
Tesch,david & Carmen
Warranty Deed
related
—
Feb 9, 2010
$130,000
David Tesch
Bangert,dennis
Warranty Deed
$105,000 · Dennis & Carol Bangert
May 12, 2009
—
Dennis Banqert
Howell,cardiff
Quit Claim Deed
related
—
Oct 6, 2005
$275,000
Cardiff Howell
Bangert,dennis & Carol
Warranty Deed
$235,000 · Dennis & Carol Bangert
Aug 11, 2003
$100,000
Gloryland Realty Holdings INC
Tillman,corey
Grant Deed
related
$65,000 · Corey Tillman
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1st N St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
