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Property profile & analytics
FOR SALE
Turn key restaurants
210 State Road 60 W Lake Wales, FL 33853
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1828264
For Sale
1 / 34
$1,590,900
210 State Road 60 W, Lake Wales, FL 33853
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Total area
6,843 SF
Lot
1.41 ac (61,332 SF)
Zoning code
C2R3
APN
273002903500009102
UPID
US18-1828264
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
-
Manny's Original Chophouse- Lake Wales Restaurant
-
NHGC, Corp Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$710k
Owner & transaction history
206 SR 60 LLC · 4 yrs held
206 SR 60 LLC
since 2021
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
C2R3 · 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
$765,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $600k (Aug 30 2021)
Last sale anchor
$600k
Aug 30 2021
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
$104 / 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
$9,673
Tax year 2023
Assessed value
$476,992
Assessed 2023
Previous assessed
$531,271
-10.2% YoY
Effective rate
2.03%
On assessed value
Assessed land
$232,993
Assessed improvement
$243,999
Land market value
$232,993
Improvement market value
$243,999
Total market value
$476,992
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1987
Heating
NONE
Stories
1
Units
1
Total area
6,843 SF
Lot
1.41 ac (61,332 SF)
Zoning code
C2R3
APN
273002903500009102
UPID
US18-1828264
Jurisdiction
POLK
Zoning & alternative use
C2R3 · Lake Wales, FLZoning C2R3 · permitted uses
C2R3 · Lake Wales, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Units
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
206 SR 60 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
210 STATE RD 60TH W, LAKE WALES, FL 33853-4411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
$600,000
206 SR 60 LLC
Lg Food Masters LLC
Warranty Deed
—
Mar 14, 2019
—
State Of Florida Dept Of Trans
Lg Food Masters LLC
Quit Claim Deed
related
—
Oct 17, 2017
$900,000
Lg Food Masters LLC
Michaels Of Polk County INC
Warranty Deed
$160,000 · Michael's Of Polk County INC
Apr 16, 2014
$529,500
Michaels Of Polk County INC
E & F Properties Of Lake Wales In
Quit Claim Deed
related
$399,000 · Wauchula St Bk
Dec 29, 2010
$640,000
Mannys Chophouse Of Ctrl Fl INC
Nguyen,liem & Hieu
Warranty Deed
$640,000 · Liem & Hieu Nguyen
—
—
Liem Nguyen
—
Deed Of Trust
related
$8,601 · Citrus & Chemical Bank
—
—
E & F Props Of Lake Wales INC
—
Deed Of Trust
related
$640,000 · Liem & Hieu Nguyen
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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