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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Office buildings
318 Scenic Hwy, Lake Wales, FL 33853-3803
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-5323292
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Total area
5,250 SF
Lot
1.18 ac (51,444 SF)
Zoning code
C2R3
APN
273001883000050024
UPID
US18-5323292
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
-
Lake Wales Board of Realtors Real Estate Agency
-
Lake Wales Youth Football League Inc Child Welfare Organization Charitable Organization
-
DOCUMENT PREPS INC Law Firm
-
The Plantation Inn Realty Real Estate Agency
-
Neleb Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.21M
Owner & transaction history
Up At The Cross INC · 6 yrs held
Up At The Cross INC
since 2019
2 recorded transactions
Zoning & alternative use
C2R3 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+86.5%
Commercial (general)
$1.5M
+70.8%
Auto repair, garage
$1.3M
+46.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,145,000
6.5%
$1,060,000
7%
$985,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$870,000
Current use
MEDICAL BUILDING
$1,625,000
Change: +87% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,485,000
Change: +71% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,280,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$810,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10%
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
$230 / 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
$12,572
Tax year 2023
Assessed value
$745,966
Assessed 2023
Previous assessed
$744,827
+0.2% YoY
Effective rate
1.69%
On assessed value
Assessed land
$108,005
Assessed improvement
$637,961
Land market value
$108,005
Improvement market value
$637,961
Total market value
$745,966
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
5,250 SF
Lot
1.18 ac (51,444 SF)
Zoning code
C2R3
APN
273001883000050024
UPID
US18-5323292
Jurisdiction
POLK
Zoning & alternative use
C2R3 · Lake Wales, FL
Zoning C2R3 · permitted uses
C2R3 · 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
OFFICE BUILDING Current
Est. value
$870,000
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
INDUSTRIAL (GENERAL)
Est. value
$810,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
1928
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Up At The Cross INC
Entity
Mailing address
PO BOX 1035, BABSON PARK, FL 33827-1035
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
$500,000
Up At The Cross INC
Hardin Group INC
Warranty Deed
$440,000 · Hardin Group INC
Jun 27, 2005
$400,000
Hardin Group INC
Ahj LLC
Quit Claim Deed
related
—
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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