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Property profile & analytics
FOR SALE
Grocery and convenience stores
900 State Road 60 W Lake Wales, FL 33853
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2237429
For Sale
1 / 4
$1,700,000
900 State Road 60 W, Lake Wales, FL 33853
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1983
Total area
5,585 SF
Lot
1.44 ac (62,552 SF)
Zoning code
C-3
APN
273003000000032070
UPID
US18-2237429
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
-
Taqueria La Michuacana Y El Kora Restaurant
-
Taqueria food truck Restaurant
-
Chevron Gas Station
-
Athena Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$769k
Blend (final)
Blend
$1.01M
Owner & transaction history
Petro USA LLC · 13 yrs held
Petro USA LLC
since 2012
7 recorded transactions
Zoning & alternative use
C-3 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+54.6%
Auto repair, garage
$1.4M
+32.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Current use
COMMERCIAL (GENERAL)
$1,580,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,360,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$925,000
Change: -10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$865,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$181 / 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
$5,539
Tax year 2023
Assessed value
$528,983
Assessed 2023
Previous assessed
$521,380
+1.5% YoY
Effective rate
1.05%
On assessed value
Assessed land
$190,671
Assessed improvement
$338,312
Land market value
$190,671
Improvement market value
$338,312
Total market value
$528,983
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1983
Heating
NONE
Stories
1
Units
1
Total area
5,585 SF
Lot
1.44 ac (62,552 SF)
Zoning code
C-3
APN
273003000000032070
UPID
US18-2237429
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lake Wales, FL
Zoning 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
Lake Wales. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$925,000
INDUSTRIAL (GENERAL)
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1983
Heating
NONE
Stories
1
Units
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Petro USA LLC
Entity
Mailing address
380 COMMERCE PKWY, ROCKLEDGE, FL 32955-4280
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
May 8, 2026
—
Petro USA LLC
—
Deed
related
$17,250,000 · Fifth Third Bank
Sep 10, 2012
$370,000
Petro USA LLC
Growers Coml Dev Group INC
Warranty Deed
$560,000 · First Green Bank
Jul 14, 2011
$150,000
Growers Coml Dev Group INC
Gsp Xv LLC
Grant Deed
$300,000 · Us Nineteen INC
Feb 8, 2011
—
Gsp Xv LLC
George R/e Holdings Coc
Trustees Deed
related
—
Jul 28, 2006
$2,500,000
George R/e Holdings LLC
Fs-ashton Lake Placid LLC
Grant Deed
related
—
Sep 12, 2002
—
Fs-ashton Lake Placid LLC
Convenience Group LP
Trustees Deed
related
—
—
—
George R/e Holdings LLC
—
Deed Of Trust
related
$2,320,000 · First Southern 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?”
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