Financial
Distress signals
Property profile

3151 Canal Rd Lake Wales, FL 33898

OFF-MARKET
Retail space
Property ID
US18-4473907
4,690 SF 0.76 ac lot Built 1987
Last sale Mar 2024 · $870,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$207k
Assessed land$3k
Assessed improvement$203k
Effective rate0.99%

Value estimate

· Sep 2026
$870k
$783k – $957k
AI approach$870k
CAP approach$810k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$78/SF
Submarket average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$56 – $130
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon9.1
Garden Center8.9
Convenience Store8.8

Location

3151 Canal Rd Lake Wales, FL 33898-9180
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10732 Cp Mack, Lake Wales, FL 33898-8423 $330,000 Dec 2025 2,800 SF
4290 Scenic, Lake Wales, FL 33898-9110 $906,600 Jan 2021 3,720 SF
10730 Cp Mack, Lake Wales, FL 33898-8423 $700,000 Mar 2020 3,906 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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