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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Retail space
8655 State Rd 60th E Lake Wales, FL 33898
Individually Owned
6-yr Hold
Free & Clear
Property ID
US18-7431237
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Total area
9,500 SF
Lot
1.78 ac (77,711 SF)
APN
293007000000021100
UPID
US18-7431237
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
-
Dollar General Discount Store
-
Amerigas Propane Exchange Propane Supplier
-
Western Union Bank Credit Union
-
Cajun Cowboy Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.81M
Owner & transaction history
Donald L Foreman · 6 yrs held
Donald L Foreman
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+298.8%
Commercial (general)
$2.7M
+265.2%
Auto repair, garage
$2.3M
+213.8%
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
$2,355,000
ML approach
$2,330,000
CAP Approach
CAP Return
Estimation
6%
$1,780,000
6.5%
$1,640,000
7%
$1,525,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,940,000
Change: +299% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,690,000
Change: +265% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,310,000
Change: +214% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,740,000
Change: +136% · Conversion: Moderate
OFFICE BUILDING
$1,535,000
Change: +108% · Conversion: Easy
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10% · vs last sale $1.91M (Feb 12 2020)
Last sale anchor
$1.91M
Feb 12 2020
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
$191 / 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
$16,232
Tax year 2023
Assessed value
$1,063,477
Assessed 2023
Previous assessed
$1,018,021
+4.5% YoY
Effective rate
1.53%
On assessed value
Assessed land
$167,040
Assessed improvement
$896,437
Land market value
$167,040
Improvement market value
$896,437
Total market value
$1,063,477
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Units
1
Total area
9,500 SF
Lot
1.78 ac (77,711 SF)
APN
293007000000021100
UPID
US18-7431237
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
MEDICAL BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2019
Heating
NONE
Stories
1
Units
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Donald L Foreman
Individual
Free & Clear · 6 yrs held
Mailing address
41 AUTUMNWOOD DR, MIDDLETOWN, PA 17057-3640
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2020
$13,385
Donald L Foreman
Palmetto Lake Wales-hwy 60 LLC
Warranty Deed
—
Oct 8, 2018
$200,000
Palmetto Lake Wales-hwy 60 LLC
Cm Land 1 LLC
Warranty Deed
$1,379,000 · Thomasville Nat'l Bk
Oct 3, 2018
$100
Cm Land 1 LLC
Bk Properties 1 LLC
Quit Claim Deed
related
—
Dec 14, 2015
—
Cm Land 1 LLC
Bk Properties I LLC
Quit Claim Deed
related
—
Jul 19, 2010
—
David P Heidlauf
Dooley-heidlauf,deann
Quit Claim Deed
related
—
Dec 9, 2005
—
David P Heidlauf
Dooley,david A J
Quit Claim Deed
related
—
Nov 7, 2005
—
Richard E Dooley JR.
Dooley,susan M
Quit Claim Deed
related
—
—
—
David P Heidlauf
—
Deed Of Trust
related
$57,000 · Emir A Rahman
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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