455 Emerald Ave Lake Wales, FL 33853-4716
- Medical offices
- 6,275 SF
- 0.70 lot acres
Current Use by Public Records
- Amanda Waters, APRN / Family Practice Physician
- Lakeland Regional Health Lake Wales / Medical Clinic
- David Lynn Holmes, DO / Family Practice Physician
- Lakeland Regional Health Lake Wales Primary Care / Family Practice Physician
- Leonard Hawkins / General Practitioner / Physician Assistant
Property Details for 455 Emerald Ave
- Year built
- 2005
- Lot size
- 0.70 lot acres
- Property size
- 6,275 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 273011917510002050
- APU
- 273011917510002050
Description
This exceptional investment opportunity presents a 6,275 square foot medical office building in Lake Wales, Florida, currently occupied by Lakeland Regional Health System, a highly reputable 910-bed community health system with over 30 years of experience and 15+ outpatient centers in Polk County. The property, built in 2005 and renovated in 2009, sits on a 0.7-acre lot at 455 Emerald Avenue, Lake Wales, FL 33853. The single-story building features a modified net lease with a remaining term of approximately 2.4 years (Lease Commencement: 01/01/2022
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $425,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $470,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $420,000
- Geo Method
- $515,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $535,000
- Retail
- $475,000
- Mixed-Use
- $445,000
- Hospitality
- $440,000
- Educational
- $495,000
- Residential Income
- $480,000
- Energy
- $410,000
- Income-Based Land
- $435,000
- Food Service
- $505,000
Location Insight
- Map
- Local Demand
- City
- Lake Wales
- County
- Polk
- State
- Florida
- Longitude
- -81.5823
- Latitude
- 27.8925
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA