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Property profile & analytics
OFF-MARKET
Estimated value
$6,415,000
Automotive properties
23280 Hwy 27, Lake Wales, FL 33859-6811
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3133308
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2019
Total area
27,473 SF
Lot
8.08 ac (352,139 SF)
APN
272921000000013020
UPID
US18-3133308
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
Current use
Occupant on record · Public records
-
Dyer Kia Car Dealership
-
Dyer Kia Service Auto Repair Shop
-
Dyer Kia Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.09M
Blend (final)
Blend
$6.42M
Owner & transaction history
Auto Partners IV LLC · 3 yrs held
Auto Partners IV LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.5M
+27.1%
Commercial (general)
$7.8M
+16.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,685,000
Current use
MEDICAL BUILDING
$8,500,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,785,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$6.42M
Range $5.77M – $7.06M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$234 / SF
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
$107,756
Tax year 2023
Assessed value
$5,456,084
Assessed 2023
Previous assessed
$5,456,084
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,226,103
Assessed improvement
$4,229,981
Land market value
$1,226,103
Improvement market value
$4,229,981
Total market value
$5,456,084
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
27,473 SF
Lot
8.08 ac (352,139 SF)
APN
272921000000013020
UPID
US18-3133308
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$7.8M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
8.08 ac
Current owner
From public records · entity-resolved
Auto Partners IV LLC
Entity
Mailing address
1000 US HWY 1ST 1, VERO BEACH, FL 32960-5767
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2023
—
Auto Partners IV LLC
Dyer Partners LLC
Warranty Deed
$6,650,000 · South State Bank NA
Oct 16, 2019
—
Dyer Partners LLC
—
Loan Modification
related
$6,060,000 · Centerstate Bk NA
Oct 3, 2019
—
Dyer Partners LLC
—
Loan Modification
related
$5,797,293 · Centerstate Bk NA
Aug 14, 2019
$100
State Of Florida Dept & Transportat
Dyer Partners LLC
Warranty Deed
related
—
Jun 20, 2018
—
Dyer Partners LLC
—
Loan Modification
related
$6,060,000 · Ally Bk
Jan 12, 2017
$2,200,000
Dyer Partners LLC
Land Holding
Grant Deed
$1,760,000 · Ally Bk
Jan 12, 2017
$900,000
Highway 27 12 LLC
Land Holding
Grant Deed
—
Dec 4, 2007
$5,985,000
Peace Creek Promenade LLC
Caldwell,ora O
Grant Deed
$6,000,000 · Rbc Centura Bank
—
—
Peace Creek Promenade LLC
—
Deed Of Trust
related
$4,780,000 · Rbc Bank (usa)
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.
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