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Property profile & analytics
OFF-MARKET
Strip malls

2505 State Rd 60th E Lake Wales, FL 33898-5124

4,952 SF 0.44 ac lot Built 1960
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-4689097
Property summary
AI-generated overview

This exceptional commercial property, located at 2505 State Rd 60 in Lake Wales, Florida, offers three available office suites ranging from 550 to 2,638 square feet within a 4,448 square foot building. The property is ideally situated adjacent to a Walmart Supercenter, providing unparalleled visibility and access to high traffic volume on State Road 60, averaging 24,000 vehicles daily. The versatile space is suitable for various office uses, including traditional, executive, coworking, medical, and creative office setups. Its multi-tenant configuration allows for flexibility in lease terms and space requirements. The location benefits from proximity to other major retailers such as Winn-Dixie, Rural King, Walgreens, Wendy's, Taco Bell, and McDonald's, ensuring high foot traffic and customer convenience. Furthermore, significant residential growth is anticipated in Lake Wales, with over 15,660 new homes approved, projecting a substantial population increase. This presents a unique opportunity for businesses to establish themselves in a rapidly expanding market with exceptional visibility and accessibility. The property is located in Polk County, Florida, zip code 33898.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1960
Total area 4,952 SF
Lot 0.44 ac (18,983 SF)
Zoning code C-3
APN 283006940200001010
UPID US18-4689097
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
  • E & G Commercial Doors Co. Hardware & Home Improvement Production Facility
  • Brentwood Garage Doors Svc. Building Supply General Contractor
  • E&G Garage Doors Inc Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
786 Mhatam LLC · 2 yrs held
786 Mhatam LLC
since 2024
Last sale
$300,000
2 recorded transactions
2024
$300,000
2016
Price N/A
Zoning & alternative use
C-3 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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