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Property profile & analytics
OFF-MARKET
Bars & Pubs
802 Henry St Lake Wales, FL 33853-4502
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4379689
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1964
Total area
2,396 SF
Lot
0.24 ac (10,646 SF)
Zoning code
C-3
APN
273003911000003030
UPID
US18-4379689
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
Current use
Occupant on record · Public records
-
Crazy Fish Bar And Grill Restaurant
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
Lwrg LLC · 7 yrs held
Lwrg LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-3 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 large-scale commercial establishments and a full range of commercial and professional use
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
635.05 ac
Source
Realmo
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
$1,779
Tax year 2023
Assessed value
$84,184
Assessed 2023
Previous assessed
$103,465
-18.6% YoY
Effective rate
2.11%
On assessed value
Assessed land
$20,762
Assessed improvement
$63,422
Land market value
$20,762
Improvement market value
$63,422
Total market value
$84,184
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Units
1
Total area
2,396 SF
Lot
0.24 ac (10,646 SF)
Zoning code
C-3
APN
273003911000003030
UPID
US18-4379689
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lake Wales, FLZoning C-3 · permitted uses
C-3 · Lake Wales, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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 large-scale commercial establishments and a full range of commercial and professional use
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
635.05 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Lwrg LLC
Entity
Mailing address
453 RUBY LK PL, WINTER HAVEN, FL 33884-3273
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
—
Lwrg LLC
—
Deed
related
$960,000 · Citizens Bank & Trust
Jul 16, 2019
$275,000
Lwrg LLC
Christensen,james E & Jean M
Warranty Deed
$275,000 · James E & Jean M Christensen
Oct 17, 2014
—
Christensen,j E & J M Trust
Christensen,james E & Jean M
Quit Claim Deed
related
—
Apr 13, 2004
$150,000
James E Christensen
Mana Koora INC
Grant Deed
$134,000 · American Bank & Trust
—
—
James Christensen
—
Deed Of Trust
related
$48,214 · Citizens Bank & Trust Co
—
—
James E Christensen
—
Deed Of Trust
related
$26,027 · Citizens Bank & Trust Co
—
—
James E Christensen
—
Deed Of Trust
related
$67,000 · Us Small Business Admn
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
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