Financial
Distress signals
Property profile

247 E Stuart Ave Lake Wales, FL 33853

FOR LEASE
Retail space
Property ID
US18-5594741
4,388 SF 0.06 ac lot Built 1919
Last sale Oct 2024 · $320,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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247 E Stuart Ave, Lake Wales, FL 33853 For Lease
Contact for pricing 2,194 SF available
247 E Stuart Ave, Lake Wales, FL 33853
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Property summary

AI-generated overview

The Bullard Building is a two-story flex space property originally built in 1920, retaining much of its original character. It offers flexible space on both levels, with the first floor arranged as multiple rooms and office areas, including two handicap-accessible bathrooms. The second floor is mostly open, with a small kitchen area, elevator access, and two office spaces with large windows facing E Stuart Avenue. The building is located at 247 East Stuart Avenue in Lake Wales and is configured

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$290k
Assessed land$100
Assessed improvement$290k
Effective rate1.21%

Value estimate

· Sep 2026
$320k
$288k – $352k
AI approach$320k
NOI build-up
Gross scheduled income$43k
Vacancy & credit loss−$4k
Operating expenses−$15k
NOI · 43.31% cap applied$25k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$71/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$50 – $103
Qualifying comparables7

Cap rate analysis

How does the asset earn?
43.31%
$25k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop13.3
Storage Facility10.1
Pharmacy9.8

Location

247 E Stuart Ave Lake Wales, FL 33853
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 Central, Lake Wales, FL 33853-4016 $3,415,200 Mar 2025 5,137 SF
28 Park, Lake Wales, FL 33853-4132 $135,000 Dec 2023 3,038 SF
338 Scenic, Lake Wales, FL 33853-3849 $495,000 Oct 2023 3,098 SF
105 Stuart, Lake Wales, FL 33853-4127 $320,000 Jun 2023 3,900 SF
224 Stuart, Lake Wales, FL 33853-3713 $325,000 Mar 2023 3,600 SF
125 Stuart, Lake Wales, FL 33853-4127 $300,000 Oct 2022 4,140 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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