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Property profile & analytics
FOR SALE
Retail space
22 W Polk Ave, Lake Wales, FL 33853
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3147503
For Sale
$203,754
22 W Polk Ave, Lake Wales, FL 33853
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
1,369 SF
Lot
0.25 ac (11,099 SF)
Zoning code
C2R3
APN
273002903500007302
UPID
US18-3147503
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
Saint Paul Real Estate LLC · 4 yrs held
Saint Paul Real Estate LLC
since 2022
Last sale
$304,000
5 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
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
$1,099
Tax year 2023
Assessed value
$52,339
Assessed 2023
Previous assessed
$54,967
-4.8% YoY
Effective rate
2.10%
On assessed value
Assessed land
$24,973
Assessed improvement
$27,366
Land market value
$24,973
Improvement market value
$27,366
Total market value
$52,339
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1925
Heating
NONE
Stories
1
Units
1
Total area
1,369 SF
Lot
0.25 ac (11,099 SF)
Zoning code
C2R3
APN
273002903500007302
UPID
US18-3147503
Jurisdiction
POLK
Zoning & alternative use
C2R3 · Lake Wales, FL
Zoning 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
Lake Wales. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
1
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Saint Paul Real Estate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
103 COSTA LOOP, AUBURNDALE, FL 33823-8377
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
$304,000
Saint Paul Real Estate LLC
Trhino Holdings LLC
Warranty Deed
—
Apr 21, 2020
—
Trhino Holdings LLC
Paullynnchinco Ira LLC
Warranty Deed
related
—
Jan 14, 2020
—
Paullynnchinco Ira LLC
Lake Wales Apartments LLC
Deed In Lieu Of Foreclosure
related
—
Feb 8, 2016
$135,000
Lake Wales Apartments LLC
Hudson Laurianne R Trust
Warranty Deed
$108,000 · Hudson Laurianne R Trust (pt)
—
—
Lake Wales Apartments LLC
—
Deed Of Trust
related
$39,000 · Boyd Ln Fndg I LLC Isaoa/ati
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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