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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
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
$960k
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
Zoning description
The purpose of C-3 zone is designed to permit the development of commercial areas in groupings on major highways and to allow medium and large-scale commercial establishments and a full range of commercial and professional use
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
635.05 ac
Source
Realmo
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
$960k
Range $864k – $1.06M · ±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
$455 / 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, FLZoning 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
Zoning description
The purpose of C-3 zone is designed to permit the development of commercial areas in groupings on major highways and to allow medium and large-scale commercial establishments and a full range of commercial and professional use
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
635.05 ac
Source
Realmo
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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