Property profile

215 Park Ave Lake Wales, FL 33853

OFF-MARKET
Office buildings
Property ID
US18-3890968
1,120 SF 0.03 ac lot Built 1923
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1923
Total area 1,120 SF
Lot 0.03 ac (1,276 SF)
Zoning code C-1
APN 273001883000025121
UPID US18-3890968

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

215 Park Ave Lake Wales, FL 33853-3705
Lake Wales metro Census 14301 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2021
Last sale
$188,000
2 recorded transactions
2024
Price N/A
2021
$188,000

Zoning & alternative use

C-1 · Lake Wales, FL
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 suc…

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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