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    758 Scenic Hwy Babson Park, FL 33827-8719
    Property profile & analytics

    758 Scenic Hwy Babson Park, FL 33827-8719

    View on Map
    • Retail space
    • 8,640 SF
    • 1.48 lot acres
    Off-Market
    Last Sale Nov 10, 2024
    $600,000
    Property ID
    US18-3313295
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Babson Park's Family Barbershop / Barber Shop

    Property Details for 758 Scenic Hwy

    Year built
    1985
    Lot size
    1.48 lot acres
    Property size
    8,640 SF
    Property type
    Retail space
    APN
    283033955300036200
    APU
    283033955300036200

    Description

    This exceptional 1.48-acre commercial property, located at 758 Scenic Highway North in Babson Park, Florida (zip code 33827), presents a unique investment opportunity. The property encompasses 7,980 square feet of land and is ideally situated just south of Webber International University's entrance, offering high visibility and convenient access. Its strategic location next to the Polk County Fire Rescue station ensures a high traffic count and prominent presence. The property benefits from a recently resealed and restriped parking lot. The area is experiencing significant growth with numerous new homes under development, promising increased foot traffic and potential for future development. This property is currently configured as a retail strip center with below-market rents, presenting a substantial opportunity for increased revenue. The seller is motivated and ready to retire, making this a compelling opportunity for a discerning investor. The property's location between Lake Wales and Frostproof further enhances its accessibility and market appeal. This is a rare chance to acquire a well-positioned commercial property in a rapidly developing area of Polk County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $681,000
      Market price range: $653k - $2.27M
      AI Estimate
      $461,000
      Market price range: $461k - $1.41M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Babson Park
    County
    Polk
    State
    Florida
    Longitude
    -81.5259
    Latitude
    27.8333
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,849
    $38,609
    $309,626
    $348,235
    -
    $38,609
    $309,626
    $348,235

    Comparable in this City

    • Value Estimation by Request
      2,906 SF

      920 Scenic Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,906 SF
      920 Scenic Hwy, Babson Park, FL 33827-8700
      View Details
    • Value Estimation by Request
      5,330 SF

      955 Scenic Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,330 SF
      955 Scenic Hwy, Babson Park, FL 33827-8700
      View Details
    • Value Estimation
      $1,570,000
      9,587 SF

      1040 Scenic Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9,587 SF
      1040 Scenic Hwy, Babson Park, FL 33827-9796
      View Details
    • Value Estimation by Request
      2,176 SF

      940 Scenic Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,176 SF
      940 Scenic Hwy, Babson Park, FL 33827-8700
      View Details
    • Value Estimation by Request
      2,760 SF

      900 Scenic Hwy

      CONVENIENCE STORE • 2,760 SF
      900 Scenic Hwy, Babson Park, FL 33827
      View Details
    • Value Estimation by Request
      5,142 SF

      1475 Scenic Hwy

      BAR, TAVERN • 5,142 SF
      1475 Scenic Hwy, Babson Park, FL 33827-9753
      View Details

    Similar Nearby for Sale

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      16 Acres Development Opportunity, Florida

      16-acre residential development opportunity in high-growth Babson Park/Lake Wales area.
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    • $1,200,000
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      27.71 Acres Prime Land

      Permitted and designed 42 lots on 27.71 acres.
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    • $70,000

      Vacant Land in Babson Park

      2.1 acres of vacant land with pond.
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    • $40,000
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      Residential Land Near Crooked Lake

      Residential building lot near Crooked Lake with deeded lake access.
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      Over an acre of land, ready for your dream home.
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    Babson Park, FL 33827-8719
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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