Property profile

57 Central Ave Lake Wales, FL 33853

OFF-MARKET
Office buildings
Property ID
US19-0859482
5,196 SF 0.21 ac lot Built 1953
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1953
Total area 5,196 SF
Lot 0.21 ac (9,126 SF)
Zoning code C-1
APN 273002907000001140
UPID US19-0859482

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center

Location

57 Central Ave Lake Wales, FL 33853-4113
Lake Wales metro Census 15500 LAKELAND, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2016
Price N/A
2014
$62,000
2013
$11,700
2008
Price N/A
2006
Price N/A
2006
$114,400

Zoning & alternative use

C-1 · Lake Wales, FL
Zoning description

The purpose of C-1 zone designed to encourage and facilitate a mix of residential uses and commercial activities in compact, pedestrian oriented, central business districts with a variety of traditional downtown uses suc…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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