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Property profile & analytics
FOR LEASE
Retail space
201 North 1St St Lake Wales, FL 33853
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-6277720
For Lease
1 / 7
Contact for pricing
201 North 1St St, Lake Wales, FL 33853
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Total area
1,442 SF
Lot
0.1 ac (4,356 SF)
Zoning code
C-1
APN
273002902000002030
UPID
US18-6277720
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
-
Ray's Motor Sales Car Dealership
-
U-Lock-It Mini Warehouses & Self-Storage Storage Facility
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
Dzpg LLC · 3 yrs held
Dzpg LLC
since 2022
Last sale
$49,900
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
$1,095
Tax year 2023
Assessed value
$51,921
Assessed 2023
Previous assessed
$55,651
-6.7% YoY
Effective rate
2.11%
On assessed value
Assessed land
$9,806
Assessed improvement
$42,115
Land market value
$9,806
Improvement market value
$42,115
Total market value
$51,921
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1954
Heating
NONE
Stories
1
Units
1
Total area
1,442 SF
Lot
0.1 ac (4,356 SF)
Zoning code
C-1
APN
273002902000002030
UPID
US18-6277720
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
Year built
1954
Heating
NONE
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Dzpg LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1924 HINCKLEY RD, ORLANDO, FL 32818-5366
Ownership since
2022
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
Dec 28, 2022
—
Dzpg LLC
Deoraj Hansraj
Quit Claim Deed
related
—
Nov 28, 2022
—
Dzpg LLC
Deoraj Hansraj
Quit Claim Deed
related
—
Dec 27, 2019
$49,900
Deoraj Hansraj
Gold Label Holdings LLC
Grant Deed
—
Dec 26, 2019
$47,000
Jinoy Varghese
Harikumar B Pillai
Warranty Deed
—
Apr 26, 2019
$100
Richard W Mcgill
Mcgill,richard W
Warranty Deed
related
—
Jun 1, 2017
$50,000
Harikumar B Pillai
Blackshear W W Trust
Warranty Deed
—
Apr 4, 2008
—
Blackshear W W Trust
Blackshear,wayne R SR & Mary D
Quit Claim Deed
related
—
Oct 18, 2002
—
Wayne Blackshear
Bai,lance
Grant Deed
related
—
Apr 17, 2000
$19,500
Lance Bai
Abc Liquors INC
Grant Deed
$20,000 · Individual
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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