Property profile

224 Bullard Ave Lake Wales, FL 33853

OFF-MARKET
Office buildings
Property ID
US18-9018918
3,300 SF 0.31 ac lot Built 1973
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Total area 3,300 SF
Lot 0.31 ac (13,491 SF)
APN 273001883000049040
UPID US18-9018918

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
  • Food Market Restaurant
  • Food Market Restaurant

Location

224 Bullard Ave Lake Wales, FL 33853-3741
Lake Wales metro Census 15500 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
$665k
Comparable Approach Comparable
$481k
Blend (final) Blend
$365k

Owner & transaction history

since 2006
3 recorded transactions
2006
$160,000
2005
$45,300
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $805,000 +46.8%
Neighborhood: shopping center $605,000 +10.5%

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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