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Property profile & analytics
OFF-MARKET
Estimated value
$4,085,000
Car washes
2043 State Rd 60th E, Lake Wales, FL 33898-5113
Entity Owned
~
Est. High Equity
Property ID
US18-6287870
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2021
Total area
3,325 SF
Lot
0.98 ac (42,824 SF)
Zoning code
C-3
APN
283006000000024040
UPID
US18-6287870
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
-
Topper's Creamery Lake Wales Grocery & Convenience Store Specialty Food Shop
-
Caliber Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.09M
Owner & transaction history
Palmer Re Holdings 2 LLC
Palmer Re Holdings 2 LLC
since 2026
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
C-3 · 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
Method
Estimation
Statistic approach
$4,370,000
ML approach
$4,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.09M
Range $3.68M – $4.49M · ±10% · vs last sale $3.83M (Mar 17 2022)
Last sale anchor
$3.83M
Mar 17 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,229 / SF
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
$18,794
Tax year 2023
Assessed value
$957,536
Assessed 2023
Previous assessed
$769,344
+24.5% YoY
Effective rate
1.96%
On assessed value
Assessed land
$256,950
Assessed improvement
$700,586
Land market value
$256,950
Improvement market value
$700,586
Total market value
$957,536
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2021
Heating
NONE
Stories
1
Units
1
Total area
3,325 SF
Lot
0.98 ac (42,824 SF)
Zoning code
C-3
APN
283006000000024040
UPID
US18-6287870
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lake Wales, FL
Zoning C-3 · permitted uses
C-3 · 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
2021
Heating
NONE
Stories
1
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Palmer Re Holdings 2 LLC
Entity
Mailing address
1425 YORK AVE #10, NEW YORK, NY 10021-3198
Ownership since
2026
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
Apr 21, 2026
—
Palmer Re Holdings 2 LLC
—
Deed
related
$2,015,000 · Suncoast Credit Union
Jan 15, 2026
$3,100,000
Palmer Re Holdings 2 LLC
2043 Hesplaw LLC
Special Warranty Deed
—
Mar 17, 2022
$3,833,000
2043 Hesplaw LLC
Aileron Lake Wales LLC
Special Warranty Deed
—
Aug 25, 2020
$640,000
Aileron Lake Wales LLC
Ohrt Properties INC
Grant Deed
—
Jun 11, 2018
—
Ohrt Properties INC
Ohrt,christine M
Quit Claim Deed
related
—
Jan 8, 2002
$385,000
Ohrt Properties INC
Ridge Bowl
Grant Deed
$305,000 · Highlands Independent Bank
Dec 22, 1998
$160,000
Bowl Ridge
Colonial Bank Fsb
Grant Deed
$144,000 · Colonial Bank Fsb
—
—
Ohrt Properties INC
—
Deed Of Trust
related
$21,134 · Highlands Independent Bank
—
—
Ohrt Properties INC
—
Deed Of Trust
related
$273,105 · Harbor Cmnty Bk
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.
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