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Property profile & analytics
OFF-MARKET
Retail space
64 Central Ave Lake Wales, FL 33853-4114
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1322087
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
5,782 SF
Lot
0.24 ac (10,620 SF)
Zoning code
C2R3
APN
273002910000002240
UPID
US18-1322087
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luxury Apartment Living LLC · 4 yrs held
Luxury Apartment Living LLC
since 2021
Last sale
$70,000
7 recorded transactions
Zoning & alternative use
C2R3 · Lake Wales, FL
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,184
Tax year 2023
Assessed value
$94,622
Assessed 2023
Previous assessed
$103,006
-8.1% YoY
Effective rate
2.31%
On assessed value
Assessed land
$63,720
Assessed improvement
$30,902
Land market value
$63,720
Improvement market value
$30,902
Total market value
$94,622
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
5,782 SF
Lot
0.24 ac (10,620 SF)
Zoning code
C2R3
APN
273002910000002240
UPID
US18-1322087
Jurisdiction
POLK
Zoning & alternative use
C2R3 · Lake Wales, FL
Zoning C2R3 · permitted uses
C2R3 · Lake Wales, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Wales. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Luxury Apartment Living LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 334, WINTER HAVEN, FL 33882-0334
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Luxury Apartment Living LLC
Oswald P Carrerou
Quit Claim Deed
related
—
Jun 2, 2016
—
Oswald P Carrerou
—
Deed
related
$623,000 · Citizens Bk
Dec 31, 2013
$70,000
Oswald P Carrerou
Citizens Bk & Trust
Warranty Deed
—
Dec 27, 2012
—
Citizens Bk & Trust
Prestidge Plumbing INC Coc
Trustees Deed
related
—
Feb 1, 2001
$100,000
Prestige Plumbing INC
J B Woodall Trustee
Grant Deed
$55,000 · American Bank & Trust Polk
Aug 12, 1998
$63,000
Blauw,richard
Hearn,sherrie L
Trustees Deed
—
Aug 12, 1998
$64,000
Waters,harry
Blauw,richard
Trustees Deed
$64,000 · Seller
—
—
J B Woodall Trustee
—
Deed Of Trust
related
$145,000 · Norman Harris Services INC
—
—
Oswald P Carrerou
—
Deed Of Trust
related
$623,000 · Citizens Bk
—
—
Prestige Plumbing INC
—
Deed Of Trust
related
$500,000 · Hd Supply INC
—
—
Prestige Plumbing INC
—
Deed Of Trust
related
$240,000 · Citizens Bank & Trust Co
—
—
Prestige Plumbing INC
—
Deed Of Trust
related
$257,116 · Citizens Bank & Trust Co
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.
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