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    22549 Hwy 27 Lake Wales, FL 33859-6863
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    Property profile & analytics

    22549 Hwy 27, Lake Wales, FL 33859-6863

    View on Map
    • Retail space
    • 45,000 SF
    • 6.02 lot acres
    Off-Market
    Property ID
    US18-3083190
    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.
    Value Estimations
    $1,855,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 22549 Hwy 27

    Year built
    1984
    Lot size
    6.02 lot acres
    Zone code
    C-3
    Property type
    Retail space
    APN
    272922000000043010
    APU
    272922000000043010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2024 $6,100 Cf United LLC County Of Polk Deed · related —
    Jul 1, 2014 $600,000 Tarawood Capital LLC Branch Bkng & Trust Co Grant Deed · related —
    Mar 5, 2012 — Branch Bkng & Trust Co Carter A L Trust Pt Coc Trustees Deed · related —
    Jul 1, 2011 — Cf United LLC Carter,jerry L Grant Deed · related —
    Apr 17, 2007 — Carter Omergeane Trust Carter,omergeane Quit Claim Deed · related —
    Mar 30, 2007 — Omergeane Carter Carter Arva L Trust Quit Claim Deed · related —
    Mar 16, 2007 — Carter Arva L Trust Carter,arva L Quit Claim Deed · related —
    Aug 25, 2005 — Carter Arva L Tr Carter,a L & Omergeane Quit Claim Deed · related —
    — — Tarawood Capital LLC — Deed Of Trust · related $480k · First Green Bk
    — — Carter Omergeane Trust — Deed Of Trust · related $106k · Citrus & Chemical Bank
    — — Carter Arva L Trust — Deed Of Trust · related $1.5M · Citrus & Chemical Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,500,000
      Market price range: $2.50M - $5.84M
      AI Estimate
      $2,187,000
      Market price range: $2.19M - $6.61M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.6114
    Latitude
    27.942
    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
    $24,397
    $120,645
    $1,187,578
    $1,308,223
    -
    $120,645
    $1,187,578
    $1,308,223

    Comparable in this City

    • Value Estimation
      $1,520,000
      10,236 SF

      23231 Hwy 27

      RETAIL STORES (PERSONAL SERVICES)
      23231 Hwy 27, Lake Wales, FL 33859-6801
      View Details
    • Value Estimation by Request
      1,560 SF

      2530 State Rd 60th W

      RETAIL STORES (PERSONAL SERVICES)
      2530 State Rd 60th W, Lake Wales, FL 33859-8219
      View Details
    • Value Estimation by Request
      3,460 SF

      2535 State Rd 60th W

      RETAIL STORES (PERSONAL SERVICES)
      2535 State Rd 60th W, Lake Wales, FL 33859-8292
      View Details
    • Value Estimation
      $1,540,000
      15,566 SF

      301 Eagle Rdg Dr

      RETAIL STORES (PERSONAL SERVICES)
      301 Eagle Rdg Dr, Lake Wales, FL 33859-4751
      View Details
    • Value Estimation by Request
      240 SF

      111 Wild Flower Dr

      RETAIL STORES (PERSONAL SERVICES)
      111 Wild Flower Dr, Lake Wales, FL 33859-8302
      View Details
    • Value Estimation
      $955,000
      9,709 SF

      14500 Hwy 27

      RETAIL STORES (PERSONAL SERVICES)
      14500 Hwy 27, Lake Wales, FL 33859-2579
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Retail Space Near Eagle Ridge

      Up to 3,000 SF available near Eagle Ridge Mall.
      17 Eagle Ridge Dr, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Retail Space Near Eagle Ridge Mall

      Retail development opportunity with high visibility near Eagle Ridge Mall.
      Nec Eagle Rdg Mall Entrance And Hwy 27, Lake Wales, FL 33859
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    • Contact for pricing
      1,152 SF

      Lake Wales Retail/Restaurant Opportunity

      1,152 SF building on US Hwy 27, Lake Wales.
      14571 Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Prime Land on HWY 27

      Land on HWY 27 in Lake Wales, Florida.
      16405 Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Lowe's Outparcel Retail Pad

      Retail pad site at entrance to Eagle Ridge Mall.
      East Rdg Mall Rd, Lake Wales, FL 33859
      View Details
    • $495,000
      14.14 Acres

      14+ Acre Hobby Farm Land

      Land near HWY 27 and HWY 630A, suitable for hobby farm.
      Us Hwy 27 Hwy, Lake Wales, FL 33859
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,655 SF

      Lake Wales Retail Space

      Retail space available for lease in Lake Wales, Florida.
      9 Eagle Ridge Dr, Lake Wales, FL 33859
      View Details
    • Contact for pricing
      10,500 SF

      Retail & Restaurant Space Available

      400,000± SF retail and restaurant space for lease.
      Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing
      1,457 SF

      Retail Space on Highway 27

      Retail space with high visibility and prominent signage available.
      24174 Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing

      Highway Frontage Commercial Property

      Versatile commercial property with highway frontage, suitable for various uses.
      16110 Us Highway 27, Lake Wales, FL 33859
      View Details
    • Contact for pricing
      3,216 SF

      Highway 27 Commercial Property

      High-visibility commercial property on US Highway 27 available for lease.
      16110 Us Highway 27, Lake Wales, FL 33859
      View Details
    • $41,808
      3,216 SF

      Retail Space on Highway 27

      Retail space available for lease on U.S. Highway 27.
      16110 Us Highway 27, Lake Wales, FL 33859
      View Details
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    22549 Hwy 27
    Lake Wales, FL 33859-6863
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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