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    Property profile & analytics
    OFF-MARKET Estimated value $1,945,000
    Office buildings

    4025 State Rd 60th W, Lake Wales, FL 33859-8297

    9,000 SF 50.94 ac lot Built 1985
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US18-3630886
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 273,384-square-foot Class B industrial warehouse situated on a 50.95-acre lot in Lake Wales, Florida. Built in 1985 and extensively renovated in 2018, this property boasts six buildings and features ten dock-high doors, facilitating efficient loading and unloading. The warehouse benefits from a strategic location on State Road 60 E, providing convenient access to major transportation arteries including US Highway 27, 17, I-95, and Florida's Turnpike. Its GI/IND zoning permits a variety of uses, making it suitable for manufacturing, distribution, or agricultural support operations. Modern amenities include updated LED lighting, a comprehensive 256,000-gallon fire suppression sprinkler system, fiber optics, and a 100-ton compressed air system. Further enhancing its functionality are two rail spurs and a robust power supply of 3-phase, 480 Volts, 4600 Amps. The property also includes 380 tons of water chilling capacity, two chillers, five roof fans, and ample outdoor storage. Column spacing is 40' x 50'. The roof was repaired in 2018. This property is ideally positioned to serve the entire Southeast United States, benefiting from Polk County's robust growth and a highly skilled workforce in close proximity to Orlando and Tampa. The asking price is $23,850,000, translating to $87.24 per square foot. The APN is 27-30-06-000000-014020.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1985
    Total area 9,000 SF
    Lot 50.94 ac (2,219,164 SF)
    APN 273006000000014020
    UPID US18-3630886
    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
    • Fence Outlet MDC Building Supply Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.39M
    CAP Approach CAP
    $1.82M
    Comparable Approach Comparable
    $2.09M
    Blend (final) Blend
    $1.95M
    Owner & transaction history
    Winter Haven 60 LLC · 8 yrs held
    Winter Haven 60 LLC
    since 2017
    3 recorded transactions
    2017
    2017
    $3.5M
    1996
    $5.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $2.8M +91.7%
    Commercial (general) $2.6M +75.6%
    Auto repair, garage $2.2M +50.9%
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