Property profile

218 Orange Ave Lake Wales, FL 33853

OFF-MARKET
Retail space
Property ID
US18-5154522
2,610 SF 0.06 ac lot Built 1950
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

Commercial property located in the main business district of Central Florida, offering more than 2,600 sq. ft. of interior space. The layout includes a large lobby/reception area, five offices, a conference room, two restrooms, a kitchen/breakroom, and a storage room. The property is zoned for commercial/mixed use and is configured with minimal load-bearing walls, supporting floorplan customization and a flexible mix of office and light production or service functions. The building includes an alleyway and back entrance for secondary access. It is situated just off Scenic Hwy (SR-17) with proximity to the main corridors of US Hwy 27 and SR Hwy 60, supporting convenient access and street visibility.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 2,610 SF
Lot 0.06 ac (2,696 SF)
Zoning code C-1
APN 273001883000025050
UPID US18-5154522

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Barber Shop
  • Barber Shop
  • Dental Office

Location

218 Orange Ave Lake Wales, FL 33853-3734
Lake Wales metro Census 14301 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
Last sale
$257,500
4 recorded transactions
2025
$257,500
2013
$75,000
2005
$40,700
1969
Price N/A

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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