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Property profile & analytics
FOR LEASE
Investment properties
251 E Park Ave, Lake Wales, FL 33853
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-5467761
For Lease
1 / 17
$14 SF/Yr
251 E Park Ave, Lake Wales, FL 33853
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1928
Total area
6,390 SF
Lot
0.08 ac (3,267 SF)
Zoning code
C-1
APN
273001883000025201
UPID
US18-5467761
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
-
Cabinet Country, LLC (Bike/Boat/Book/etc) Store
-
Parlier + Crews Architects, PA Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Scan Holdings LLC · 6 yrs held
Scan Holdings LLC
since 2020
Last sale
$70,100
4 recorded transactions
Zoning & alternative use
C-1 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,058
Tax year 2023
Assessed value
$652,692
Assessed 2023
Previous assessed
$606,363
+7.6% YoY
Effective rate
2.00%
On assessed value
Assessed land
$37,582
Assessed improvement
$615,110
Land market value
$37,582
Improvement market value
$615,110
Total market value
$652,692
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1928
Heating
NONE
Stories
2
Units
1
Total area
6,390 SF
Lot
0.08 ac (3,267 SF)
Zoning code
C-1
APN
273001883000025201
UPID
US18-5467761
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lake Wales, FL
Zoning C-1 · permitted uses
C-1 · Lake Wales, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Wales. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Heating
NONE
Stories
2
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Scan Holdings LLC
Entity
Mailing address
3844 S SCENIC HWY, LAKE WALES, FL 33898-6412
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
$695,000
Scan Holdings LLC
Richard D Carlson
Warranty Deed
related
$345,000 · Wauchula St Bk
Jun 3, 2014
$70,100
Richard D Carlson
Gifford & Gifford Prop Coc
Trustees Deed
—
Mar 22, 2006
$150,000
Gifford & Gifford Props LLC
Salud,eusebio G & Violeta B
Grant Deed
—
—
—
Gifford & Gifford Props LLC
—
Deed Of Trust
related
$200,000 · Riverside National Bank
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.
Try Rey
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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