Property profile

23231 Hwy 27 Lake Wales, FL 33859

OFF-MARKET
Retail space
Property ID
US18-2780110
10,236 SF 1.17 ac lot Built 2010
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2010
Total area 10,236 SF
Lot 1.17 ac (51,052 SF)
APN 272921866001000020
UPID US18-2780110

Cap rate & NOI

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

Location

23231 Hwy 27 Lake Wales, FL 33859-6801
Lake Wales metro Census 14201 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.77M
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.52M

Owner & transaction history

since 2013
1 recorded transaction
2013
$1.0M

Zoning & alternative use

Top alternative use upside
Auto repair, garage $2.5M +213.8%
Neighborhood: shopping center $1.9M +136.2%
Office building $1.7M +108.0%

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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