Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$195,000
Medical Office Space
451 11th St Lake Wales, FL 33853-4251
Entity Owned
~
Est. High Equity
Property ID
US18-7241711
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Total area
5,901 SF
Lot
0.56 ac (24,302 SF)
APN
283006939400001010
UPID
US18-7241711
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
-
AdventHealth Wound Care Lake Wales Medical Group Medical Clinic
-
Healogics, LLC Medical Clinic
-
Lisa Marie Peto Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$195k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$195k
Owner & transaction history
Kmdg Lake Wales LLC
Kmdg Lake Wales LLC
since 2025
Last sale
$195,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$195,000
ML approach
$195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$195k
Range $176k – $215k · ±10% · vs last sale $195k (Nov 12 2024)
Last sale anchor
$195k
Nov 12 2024
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
$33 / 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
$22,912
Tax year 2023
Assessed value
$1,161,659
Assessed 2023
Previous assessed
$1,110,514
+4.6% YoY
Effective rate
1.97%
On assessed value
Assessed land
$224,784
Assessed improvement
$936,875
Land market value
$224,784
Improvement market value
$936,875
Total market value
$1,161,659
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Units
1
Total area
5,901 SF
Lot
0.56 ac (24,302 SF)
APN
283006939400001010
UPID
US18-7241711
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Stories
1
Units
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Kmdg Lake Wales LLC
Entity
Mailing address
PO BOX 2677, BRANDON, FL 33509-2677
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
—
Kmdg Lake Wales LLC
Kmdg 2009 Trust
Deed
related
—
Oct 8, 2025
$1,123,000
Kmdg Lake Wales LLC
Kmdg 2009 Trust
Quitclaim Deed
related
—
Nov 12, 2024
$451,100
David M Henderson
Kmdgr Investments LLC
Quitclaim Deed
related
—
Mar 25, 2019
—
Kmdgr Investments LLC
—
Grant Deed
related
$1,450,000 · Centerstate Bk NA
Oct 31, 2016
—
Kmdgr Investments LLC
Centerstate Bk Of Fl
Grant Deed
related
—
Jan 5, 2016
$195,000
Kmdgr Investments LLC
Centerstate Bk Of Fl
Grant Deed
—
May 30, 2013
$4,100
Sthrn Bk First
Kbr Investments LLC Coc
Trustees Deed
related
—
Jan 25, 2002
$217,000
Kbr Investments LLC
Hardman,william M & Mary L
Grant Deed
$450,000 · Evelyn Rodberg
—
—
Kbr Investments LLC
—
Deed Of Trust
related
$500,000 · First Commercial Bank Florida
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 451 11th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
