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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Auto shops
2804 State Rd 60th E, Lake Wales, FL 33898-5214
Individually Owned
5-yr Hold
Free & Clear
Property ID
US18-3762687
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Total area
2,108 SF
Lot
0.35 ac (15,102 SF)
Zoning code
C-3
APN
283008941000027040
UPID
US18-3762687
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
-
Take 5 Oil Change Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$924k
Blend (final)
Blend
$885k
Owner & transaction history
Amin Lichaa · 5 yrs held
Amin Lichaa
since 2020
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
C-3 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+130.8%
Medical building
$650,000
+27.1%
Commercial (general)
$595,000
+16.4%
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
Method
Estimation
Statistic approach
$960,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,185,000
Change: +131% · Conversion: Easy
MEDICAL BUILDING
$650,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $800k (Oct 14 2020)
Last sale anchor
$800k
Oct 14 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$420 / SF
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
$5,801
Tax year 2023
Assessed value
$298,706
Assessed 2023
Previous assessed
$292,414
+2.2% YoY
Effective rate
1.94%
On assessed value
Assessed land
$40,773
Assessed improvement
$257,933
Land market value
$40,773
Improvement market value
$257,933
Total market value
$298,706
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Units
1
Total area
2,108 SF
Lot
0.35 ac (15,102 SF)
Zoning code
C-3
APN
283008941000027040
UPID
US18-3762687
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lake Wales, FL
Zoning C-3 · permitted uses
C-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$595,000
WAREHOUSE, STORAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Amin Lichaa
Individual
Free & Clear · 5 yrs held
Mailing address
15525 PEACH LEAF LN, NORTH POTOMAC, MD 20878-2342
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2020
$800,000
Amin Lichaa
Oreof 2019 Take LLC
Grant Deed
—
Nov 1, 2019
$835,700
Oreof 2019 Take LLC
Sunshine Car Care LLC
Grant Deed
—
Feb 6, 2006
$6,165,000
Sunshine Car Care LLC
Super-lube INC
Grant Deed
$24,650,000 · Associated Bank
Mar 13, 2000
$380,000
Super-lube INC
Quality Quick Corp
Grant Deed
—
Jun 24, 1998
$55,000
Quality Quick Corp
Rahn,donald L
Grant Deed
$55,000 · First National Bank Of Polk
—
—
Quality Quick Corp
—
Deed Of Trust
related
$130,380 · First Nat'l Bank Polk County
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.
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