Property profile

620 Dr Martin Luther King Jr N Blvd Lake Wales, FL 33853

OFF-MARKET
Other commercial real estate
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Property ID
US18-3289929
2,400 SF 0.34 ac Built 1945
Last sale Feb 2011
Individually Owned Owner of record is an individual. 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a gated industrial facility located on a corner lot in Historic Lake Wales, Florida, with proximity to Downtown Lake Wales and a nearby major industrial plant. It is positioned for convenient access to major routes and surrounding business areas, and it is situated in a neighborhood undergoing revitalization. The site is configured to support industrial/commercial uses appropriate for businesses looking to operate in an evolving local market.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$597
Tax billed · 2023
Assessed value$29k
Assessed land$20k
Assessed improvement$10k
Effective rate2.02%

Value estimate

· Nov 2026
$370k
$333k – $407k
AI approach$315k

Realmo valuation models over county records and 24 qualifying comparable sales.

Recently sold

What actually traded nearby?
$283/SF
County average, outlier-cleaned · 210 recorded sales of this use type
Observed band · Q1–Q3$79 – $658
Qualifying comparables24

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?
IND
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith8.8
Catering Service8.4
Bakery8.2

Location

620 Dr Martin Luther King Jr N Blvd Lake Wales, FL 33853
County assessor Recorded deeds · 1 transfer 24 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
532 Scenic, Lake Wales, FL 33853-3204 $450,000 May 2025 2,250 SF
J A Wiltshire E, Lake Wales, FL 33853 $892,716 Oct 2019 No data
37 Central, Lake Wales, FL 33853-4113 $210,000 Jul 2019 No data
244 Bullard, Lake Wales, FL 33853-3741 $55,000 Feb 2019 616 SF
420 Miami, Lake Wales, FL 33853-4504 $87,000 Feb 2019 2,295 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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