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Property profile & analytics
FOR SALE
Office buildings
206 N 1St St Lake Wales, FL 33853
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6186615
For Sale
1 / 12
$225,000
206 N 1St St, Lake Wales, FL 33853
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
2,016 SF
Lot
0.23 ac (9,827 SF)
Zoning code
C-1
APN
273001883000022070
UPID
US18-6186615
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
Hab Holdings LLC · 2 yrs held
Hab Holdings LLC
since 2024
Last sale
$58,000
7 recorded transactions
Zoning & alternative use
C-1 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-1 zone designed to encourage and facilitate a mix of residential uses and commercial activities in compact, pedestrian oriented, central business districts with a variety of traditional downtown uses such as small retail stores, offices, restaurants, hotels, and apartments
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
61.65 ac
Source
Realmo
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
$1,109
Tax year 2023
Assessed value
$50,859
Assessed 2023
Previous assessed
$50,859
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$15,227
Assessed improvement
$35,632
Land market value
$15,227
Improvement market value
$35,632
Total market value
$50,859
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1950
Heating
NONE
Stories
1
Units
2
Total area
2,016 SF
Lot
0.23 ac (9,827 SF)
Zoning code
C-1
APN
273001883000022070
UPID
US18-6186615
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lake Wales, FLZoning 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
Zoning description
The purpose of C-1 zone designed to encourage and facilitate a mix of residential uses and commercial activities in compact, pedestrian oriented, central business districts with a variety of traditional downtown uses such as small retail stores, offices, restaurants, hotels, and apartments
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
61.65 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
1
Units
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Hab Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
242 S SCENIC HWY1C, LAKE WALES, FL 33853-3836
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
May 6, 2024
—
Hab Holdings LLC
Polk Reit LLC
Intrafamily Transfer
related
—
Aug 22, 2023
—
Polk Reit LLC
Hab Holdings LLC
Quit Claim Deed
related
—
Jun 3, 2021
$58,000
Hab Holdings LLC
Bgrp 1 LLC
Warranty Deed
$50,000 · Boyd Loan Funding I LLC
Jul 28, 2020
$45,000
Bgrp 1 LLC
Anthony Easton
Warranty Deed
$29,000 · Anthony Easton
Nov 16, 2017
$15,600
Anthony Easton
Tax Collector Of Polk County
Tax Deed
—
Apr 4, 2013
$10,000
206 LLC
Tax Ease Lien Invs 1 LLC
Warranty Deed
—
Jul 9, 2012
—
Tax Ease Lien Invs 1 LLC
Mist Group LLC
Quit Claim Deed
related
—
May 14, 2012
$4,617
Mist Group LLC
Clerk Of Circuit Court/polk Cnty
Tax Deed
—
Dec 24, 2003
$45,000
Gloryland Realty Holdings INC
Wiltshire,joseph A & Laura C
Grant Deed
related
$36,000 · Joseph A & Laura C Wiltshire
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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