4025 State Rd 60th W Lake Wales, FL 33859-8297
Property profile & analytics
4025 State Rd 60th W Lake Wales, FL 33859-8297
- Office buildings
- 9,000 SF
- 50.94 lot acres
Property ID
US18-3630886
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.
Location Intelligence
Current Use by Public Records
- Fence Outlet MDC / Building Supply / Big Box & Wholesale Store
Property Details for 4025 State Rd 60th W
- Year built
- 1985
- Lot size
- 50.94 lot acres
- Property size
- 9,000 SF
- Property type
- Office buildings
- APN
- 273006000000014020
- APU
- 273006000000014020
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $1,390,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,965,000
- 6.5%
- $1,815,000
- 7%
- $1,685,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,093,000
- AI Estimate
- $1,925,000
Market price range: $713k - $2.09MMarket price range: $633k - $1.93M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,450,000 Current use
- MEDICAL BUILDING
- $2,785,000 Change: +92% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,550,000 Change: +76% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,190,000 Change: +51% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,650,000 Change: +14% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,390,000 Change: -4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.654
- Latitude
- 27.8998
- 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
$58,893
$159,536
$3,510,095
$3,669,631
-
$159,536
$3,510,095
$3,669,631
