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Property profile & analytics
OFF-MARKET
Retail space
3941 State Rd 60th E Lake Wales, FL 33898-6320
Individually Owned
10-yr Hold
Free & Clear
Property ID
US18-2737102
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Total area
1,380 SF
Lot
2.58 ac (112,472 SF)
Zoning code
C-2
APN
283004000000042050
UPID
US18-2737102
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Naret Pamee · 10 yrs held
Naret Pamee
since 2015
3 recorded transactions
Zoning & alternative use
C-2 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is to encourage medium scale commercial uses, primarily in groupings or on inter connected sites rather than on isolated properties
Zone name
Commercial
General category
COMMERCIAL
Zone area
94.02 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,918
Tax year 2023
Assessed value
$187,619
Assessed 2023
Previous assessed
$187,619
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$84,341
Assessed improvement
$103,278
Land market value
$84,341
Improvement market value
$103,278
Total market value
$187,619
Applied tax rate
90,000.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Heating
NONE
Stories
1
Units
1
Total area
1,380 SF
Lot
2.58 ac (112,472 SF)
Zoning code
C-2
APN
283004000000042050
UPID
US18-2737102
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lake Wales, FLZoning C-2 · permitted uses
C-2 · 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-2 zone is to encourage medium scale commercial uses, primarily in groupings or on inter connected sites rather than on isolated properties
Zone name
Commercial
General category
COMMERCIAL
Zone area
94.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
1
Units
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
Naret Pamee
Individual
Free & Clear · 10 yrs held
Mailing address
98 DOHERTY DR, LAKE WALES, FL 33898-9773
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2015
$200,000
Naret Pamee
Cutshall,chester & Vivian D R
Warranty Deed
—
Apr 2, 2013
—
Chester Cutshall
Cutshall,chester
Quit Claim Deed
related
—
Jan 7, 2013
—
Chester Cutshall
Cutshall,chester
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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