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    Property profile & analytics

    3151 Canal Rd Lake Wales, FL 33898

    • Retail space
    • 4,690 SF
    • 0.76 lot acres
    For Sale
    View listing
    $195,950
    Value Estimation
    Last Sale
    Mar 27, 2024
    $870,000
    Location Intelligence
    Property ID
    US18-4473907
    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.

    Current Use by Public Records

    • Kirk's Country Store / Convenience Store

    Property Details for 3151 Canal Rd

    Year built
    1987
    Lot size
    0.76 lot acres
    Property size
    4,690 SF
    Property type
    Retail space
    APN
    282832000000044090
    APU
    282832000000044090

    Description

    This exceptional investment opportunity presents a 0.76-acre commercial land parcel in Lake Wales, Florida, encompassing a fully turnkey restaurant. Located at 3151 Canal Road, 33898, this 1,500 square foot establishment boasts a prime location directly across from Cherry Pocket, a well-known local landmark. Established for over 15 years, this family-run restaurant enjoys a loyal clientele and offers both dine-in and takeout services. The sale includes all equipment, furniture, established recipes, and the brand name, providing a seamless transition for the new owner. The seller will provide training post-sale. This represents a rare chance to acquire a thriving, well-regarded restaurant with substantial growth potential in the heart of Central Florida. The property is move-in ready, minimizing initial setup costs and maximizing immediate return on investment. This turnkey operation offers a unique blend of established success and future expansion possibilities, making it an attractive proposition for both seasoned investors and first-time restaurant owners. The property's convenient location and strong reputation within the community ensure a steady stream of customers. This is a truly exceptional opportunity to own a piece of Central Florida's thriving culinary scene.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $870,000

    • CAP approach

      CAP return
      Estimation
      6%
      $830,000
      6.5%
      $800,000
      7%
      $795,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $680,000
      Geo Method
      $895,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $700,000
      Retail
      $835,000
      Mixed-Use
      $950,000
      Hospitality
      $790,000
      Educational
      $770,000
      Residential Income
      $740,000
      Energy
      $785,000
      Income-Based Land
      $750,000
      Food Service
      $965,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5437
    Latitude
    27.9977
    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
    $2,048
    $3,311
    $203,443
    $206,754
    -
    $3,311
    $203,443
    $206,754

    Comparable in this City

    • Value Estimation
      $380,000
      1,788 SF

      3961 State Rd 60th E

      RETAIL STORES (PERSONAL SERVICES) • 1,788 SF
      3961 State Rd 60th E, Lake Wales, FL 33898-6320
      View Details
    • Value Estimation
      $305,000
      3,760 SF

      2415 State Rd 60th E

      RETAIL STORES (PERSONAL SERVICES) • 3,760 SF
      2415 State Rd 60th E, Lake Wales, FL 33898-5122
      View Details
    • Value Estimation by Request
      9,114 SF

      2249 State Rd 60th E

      RETAIL STORES (PERSONAL SERVICES) • 9,114 SF
      2249 State Rd 60th E, Lake Wales, FL 33898-5118
      View Details
    • Value Estimation
      $825,000
      3,906 SF

      10730 Cp Mack Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,906 SF
      10730 Cp Mack Rd, Lake Wales, FL 33898-8423
      View Details
    • Value Estimation by Request
      9,372 SF

      3941 Scenic Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9,372 SF
      3941 Scenic Hwy, Lake Wales, FL 33898-7416
      View Details
    • Value Estimation
      $2,200,000
      9,500 SF

      8655 State Rd 60th E

      RETAIL STORES (PERSONAL SERVICES) • 9,500 SF
      8655 State Rd 60th E, Lake Wales, FL 33898
      View Details

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      0.76-acre Restaurant Property, $195,950
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      View Details
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    Similar Nearby for Lease

    • Contact for pricing
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      View Details
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    3151 Canal Rd
    Lake Wales, FL 33898
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    Realmo Value Estimation

    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.

    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.

    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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