Technical
Financial
Distress signals
Property profile

20 Airport Rd Lake Wales, FL 33859

OFF-MARKET
Other warehouses
Property ID
US18-3133203
6,575 SF 1.76 ac lot Built 1986
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Commercial property located in Lake Wales, Florida, with frontage on State Road 60 and Airport Road, and with rail access and a nearby airport. The site consists of two parcels totaling 3.78 acres. On-site is an office/warehouse building with approximately 6,989 enclosed square feet, including about 1,250 square feet of office space and approximately 5,739 square feet of warehouse space. The office includes a reception/waiting area, two private offices, a shared office, a conference/break room, and two restrooms. The warehouse is configured as an open workspace with three 10 x 12 overhead doors and one dock-high door, and features a covered loading dock on the east side. Building systems and site features include LED lighting in the warehouse, a compressed air system, a reinforced concrete slab approximately 12–14 inches thick, and heavy electrical power rated at 480 volts. The perimeter is fenced with security gates and high-lumen lighting around the building and parking area; the parking area includes asphalt rock suitable for heavy load-bearing equipment. The property is suitable for a range of office, retail/commercial, or light industrial uses.

Property profile

Verified
Property type Other warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1986
Total area 6,575 SF
Lot 1.76 ac (76,883 SF)
Zoning code C-3
APN 273004911300001021
UPID US18-3133203

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
  • Construction Company

Location

20 Airport Rd Lake Wales, FL 33859-6949
Lake Wales metro Census 14402 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
$980k
Comparable Approach Comparable
$704k
Blend (final) Blend
$960k

Owner & transaction history

since 2025
Last sale
$1.2M
5 recorded transactions
2025
$1.2M
2021
$750,000
2019
$380,000
2005
$350,000
2000
$200,000

Zoning & alternative use

C-3 · Lake Wales, FL
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 profession…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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