Property profile

23607 Hwy 271-8 Lake Wales, FL 33859

OFF-MARKET
Medical Office Space
Property ID
US18-3894700
11,760 SF 0.93 ac lot Built 2014
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This Class A, second-generation medical office building totals 11,760 square feet and is configured with medical-use interior improvements. It includes exam rooms, procedure rooms, a surgery room, patient restrooms, physician offices, a staff lounge with a private restroom, a file room, and a large reception and waiting area. The building provides direct access from Highway 27 and is located at/near the signalized intersection of Chalet Suzanne Road and Highway 27, sharing access with a Wawa. The property is situated near AdventHealth Lake Wales and is about 5 miles from FL-60 and FL-17 S. The exterior offers façade signage availability.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2014
Total area 11,760 SF
Lot 0.93 ac (40,384 SF)
Zoning code C-3
APN 272916000000042050
UPID US18-3894700

Cap rate & NOI

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

Location

23607 Hwy 271-8 Lake Wales, FL 33859-6305
Lake Wales metro Census 14201 LAKELAND, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.28M
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$2.36M

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
2005
$525,000

Zoning & alternative use

C-3 · Lake Wales, FL
Zoning description

The purpose of C-3 zone is designed to permit the development of commercial areas in groupings on major highways and to allow medium and large-scale commercial establishments and a full range of commercial and profession…

General category COMMERCIAL

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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