Financial
Distress signals
Property profile

612 State Road 60 W Lake Wales, FL 33853

FOR LEASE
Drive through restaurants
Property ID
US18-5273338
3,288 SF 0.45 ac lot Built 1979
Last sale Oct 2019 · $715,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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612 State Road 60 W, Lake Wales, FL 33853 For Lease
$425,000
612 State Road 60 W, Lake Wales, FL 33853
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Property summary

AI-generated overview

This exceptional 3,288-square-foot retail space, located at 612 E State Rd 60 in Lake Wales, Florida, presents a unique opportunity for a discerning business owner. Situated on a 0.45-acre lot, this single-tenant building boasts ample parking with 26 spaces, ensuring convenient access for customers. The property is zoned C-3 (Highway Commercial), ideal for a variety of commercial uses, particularly restaurants given its previous use as a Popeye's. The entire 3,288 square feet is currently

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$651k
Assessed land$60k
Assessed improvement$592k
Effective rate1.97%

Value estimate

· Sep 2026
$425k
$383k – $468k
AI approach$425k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$462/SF
County average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$139 – $764
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-3
The purpose of C-3 zone is designed to permit the development of commercial areas in groupings on major highways and to allow medium and ...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.7
Realty agency11.4
Wholesale Shop10.9

Location

612 State Road 60 W Lake Wales, FL 33853
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
218 Orange, Lake Wales, FL 33853-3734 $257,500 Feb 2025 2,610 SF
28 Park, Lake Wales, FL 33853-4132 $135,000 Dec 2023 3,038 SF
338 Scenic, Lake Wales, FL 33853-3849 $495,000 Oct 2023 3,098 SF
247 Park, Lake Wales, FL 33853-3705 $53,500 Aug 2023 2,700 SF
105 Stuart, Lake Wales, FL 33853-4127 $320,000 Jun 2023 3,900 SF
224 Stuart, Lake Wales, FL 33853-3713 $325,000 Mar 2023 3,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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