New search
Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
6468 Hwy 60th E, Lake Wales, FL 33898
Individually Owned
9-yr Hold
Free & Clear
Property ID
US18-1926933
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
2,960 SF
Lot
1.66 ac (72,266 SF)
APN
283012000000033090
UPID
US18-1926933
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
$595k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$685k
Owner & transaction history
I-deal Self Storage Of Lake Wales · 9 yrs held
I-deal Self Storage Of Lake Wales
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$915,000
+91.7%
Commercial (general)
$840,000
+75.6%
Auto repair, garage
$720,000
+50.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$480,000
Current use
MEDICAL BUILDING
$915,000
Change: +92% · Conversion: Easy
COMMERCIAL (GENERAL)
$840,000
Change: +76% · Conversion: Easy
AUTO REPAIR, GARAGE
$720,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$231 / SF
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
$8,734
Tax year 2023
Assessed value
$665,795
Assessed 2023
Previous assessed
$646,473
+3.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$90,315
Assessed improvement
$575,480
Land market value
$90,315
Improvement market value
$575,480
Total market value
$665,795
Applied tax rate
90,000.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
NONE
Buildings
2
Stories
2
Units
1
Total area
2,960 SF
Lot
1.66 ac (72,266 SF)
APN
283012000000033090
UPID
US18-1926933
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$480,000
MEDICAL BUILDING
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
2
Buildings
2
Units
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
I-deal Self Storage Of Lake Wales
Individual
Free & Clear · 9 yrs held
Mailing address
6468 STATE RD 60TH E, LAKE WALES, FL 33898-9721
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2016
—
I-deal Self Storage Of Lake Wales
—
Deed
related
$578,000 · Centerstate Bk/fl
Dec 12, 2016
—
I-deal Self Storage Of Lake Wales
Wilkinson,randal M
Warranty Deed
related
—
Feb 27, 2014
$149,900
Randal M Wilkinson
Windsor Mtg Hldgs Ltd LLC
Warranty Deed
—
Aug 28, 2012
$130,000
Windsor Mtg Holdings Ltd LLC
Td Bk NA
Grant Deed
related
—
Apr 14, 2011
—
Td Bk NA
Riverside Natl Bk Of Fl
Quit Claim Deed
related
—
Sep 10, 2009
—
Riverside Natl Bk Of Fl
Natural Air Heating Coc
Trustees Deed
related
—
May 6, 2005
$140,000
Air Heating Natural
Flint,james M & Jane K
Warranty Deed
$180,000 · Riverside National Bank
—
—
Willis S Hilker
—
Deed Of Trust
related
$100,000 · Henry E Hilker
—
—
Air Heating Natural
—
Deed Of Trust
related
$715,614 · Riverside National Bank
—
—
I-deal Self Storage Of Lake Wales
—
Deed Of Trust
related
$578,000 · Centerstate Bk/fl
—
—
Air Heating Natural
—
Deed Of Trust
related
$164,200 · Riverside National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6468 Hwy 60th E?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
