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    26101 Preserve Pkwy Lake Wales, FL 33859-4860
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    Property profile & analytics

    26101 Preserve Pkwy, Lake Wales, FL 33859-4860

    View on Map
    • Specialty properties
    • 2,404 SF
    • 40.47 lot acres
    Off-Market
    Property ID
    US18-3236399
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,105,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Preserve at Lake Wales / Real Estate Agency

    Property Details for 26101 Preserve Pkwy

    Year built
    2005
    Lot size
    40.47 lot acres
    Property type
    Specialty properties
    APN
    272915000000034010
    APU
    272915000000034010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 28, 2009 — Preserve At Lake Wales Ptshp Preserve At Lake Wales INC Quit Claim Deed · related —
    Feb 3, 2005 — Preserve At Lake Wales INC — Trustees Deed · related $16.4M · Associated Bank
    Dec 22, 2004 $210,000 Preserve At Lake Wales INC Barnes,john P & Mary A Warranty Deed —
    Sep 20, 2001 $210,000 John P Barnes Creekside INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.6093
    Latitude
    27.9617
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $461,284
    $0.00
    $0.00
    $34,850,250
    -
    $0.00
    $0.00
    $34,850,250

    Comparable in this City

    • Value Estimation
      $5,300,000
      1,793 SF

      26397 Hwy 27

      PROFESSIONAL CLUBS/ASSOCIATIONS
      26397 Hwy 27, Lake Wales, FL 33859-6800
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    • Value Estimation by Request
      2.59 Acres

      Longleaf Blvd

      SHOPPING CENTER COMMON AREA
      Longleaf Blvd, Lake Wales, FL 33859
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    • Value Estimation by Request
      0.27 Acres

      Hwy 27

      SHOPPING CENTER COMMON AREA
      Hwy 27, Lake Wales, FL 33859
      View Details
    • Value Estimation by Request
      0.28 Acres

      Lakeshore W Dr

      CHARITABLE ORGANIZATION
      Lakeshore W Dr, Lake Wales, FL 33859
      View Details
    • Value Estimation by Request
      357 SF

      4140 Ashton Clb Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      4140 Ashton Clb Dr, Lake Wales, FL 33859-5702
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    • Value Estimation by Request
      1.95 Acres

      Genesis Pointe Dr

      SHOPPING CENTER COMMON AREA
      Genesis Pointe Dr, Lake Wales, FL 33859
      View Details

    Similar Nearby for Sale

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      Lake Wales Medical Office Building

      Class A, turnkey medical office
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      3.36 Acres on Hwy 27

      3.36 acres with redevelopment potential, quick access to highways.
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    • $38,500
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      Residential Land in Lake Wales

      0.59 acre residential lot in Lake Wales, Florida.
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    • $45,000
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      Lake Wales Vacant Land

      1.16-acre vacant lot in Lake Wales, Florida.
      Allison Ave, Lake Wales, FL 33859
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    • Contact for pricing

      Prime Highway Commercial Parcel

      0.75-acre commercial land with excellent visibility and accessibility.
      23250 Us Highway 27, Lake Wales, FL 33859
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    • $5,500,000
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      Lake Ashton Waterfront Land Parcel

      326 acres with 1,500 feet of Lake Ashton frontage.
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    Similar Nearby for Lease

    • $41,808
      3,216 SF

      Retail Space on Highway 27

      Retail space available for lease on U.S. Highway 27.
      16110 Us Highway 27, Lake Wales, FL 33859
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    • Contact for pricing
      1,457 SF

      Retail Space on Highway 27

      Retail space with high visibility and prominent signage available.
      24174 Us Highway 27, Lake Wales, FL 33859
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    • Contact for pricing
      10,500 SF

      Retail & Restaurant Space Available

      400,000± SF retail and restaurant space for lease.
      Us Highway 27, Lake Wales, FL 33859
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    • $6 SF/Yr
      50,000 SF

      Lake Wales Industrial Space

      5,400 SF Flex Space Available
      1750 Longleaf Blvd, Lake Wales, FL 33859
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    • Contact for pricing

      Highway Frontage Commercial Property

      Versatile commercial property with highway frontage, suitable for various uses.
      16110 Us Highway 27, Lake Wales, FL 33859
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    • Contact for pricing

      Medical Office Building For Rent

      Two-story medical office building with fully built-out medical layout.
      23607 Us Highway 27, Lake Wales, FL 33859
      View Details
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    Lake Wales, FL 33859-4860
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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