215 N Scenic Hwy Frostproof, FL 33843
Property profile & analytics
215 N Scenic Hwy Frostproof, FL 33843
- Office buildings
- 2,900 SF
- 0.18 lot acres
Property ID
US18-5448254
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 215 N Scenic Hwy
- Year built
- 1980
- Lot size
- 0.18 lot acres
- Property size
- 2,900 SF
- Property type
- Office buildings
- APN
- 283132968200004013
- APU
- 283132968200004013
Description
This exceptional mixed-use commercial property, located at 215 N Scenic Highway in Frostproof, Florida, presents a lucrative investment opportunity. The property boasts 3,512 square feet situated on a 0.18-acre lot with prominent Scenic Highway frontage, ensuring high visibility. The property comprises two buildings, totaling seven rental units under one roof. One building, constructed of concrete block, offers 612 square feet and previously served as an office space, featuring a reception area, two private offices, and a bathroom. The second building, a 2,900-square-foot metal structure, is currently divided into five separate rental spaces. Each of these five units includes its own handicap-accessible unisex restroom, independent power and water meters, and wall-unit AC and heating systems. Ample parking is available, including designated handicap spaces, and a convenient outdoor courtyard. City water, sewer, and electricity are connected to each unit. The buildings were brought up to code in 2013, with further updates completed in 2022. The property is zoned Commercial General (GC), allowing for diverse uses such as adult day care, assisted living, childcare, business offices, medical facilities, fitness centers, clinics, or florists. The property generates a potential monthly income of $2,500 when fully occupied. Cash buyers only. An on-site visit by the buyer is required before submitting an offer.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $365,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $635,000
- 6.5%
- $585,000
- 7%
- $545,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $710,000
- AI Estimate
- $509,000
Market price range: $376k - $1.19MMarket price range: $279k - $709k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $715,000 Current use
- MEDICAL BUILDING
- $895,000 Change: +25% Conversion: Easy
- COMMERCIAL (GENERAL)
- $820,000 Change: +15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $705,000 Change: -1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Frostproof
- County
- Polk
- State
- Florida
- Longitude
- -81.5309
- Latitude
- 27.7479
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,823
$17,694
$194,378
$212,072
-
$17,694
$194,378
$212,072
