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Property profile & analytics
OFF-MARKET
Manufacturing properties
Burns Ave Lake Wales, FL 33853
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7630808
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
2,255 SF
Lot
1.05 ac (45,825 SF)
Zoning code
IND
APN
272935000000042110
UPID
US18-7630808
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lake Wales Realty Group LLC · 7 yrs held
Lake Wales Realty Group LLC
since 2019
3 recorded transactions
Zoning & alternative use
IND · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,387
Tax year 2023
Assessed value
$123,324
Assessed 2023
Previous assessed
$136,562
-9.7% YoY
Effective rate
1.94%
On assessed value
Assessed land
$52,714
Assessed improvement
$70,610
Land market value
$52,714
Improvement market value
$70,610
Total market value
$123,324
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Heating
NONE
Stories
1
Units
1
Total area
2,255 SF
Lot
1.05 ac (45,825 SF)
Zoning code
IND
APN
272935000000042110
UPID
US18-7630808
Jurisdiction
POLK
Zoning & alternative use
IND · Lake Wales, FLZoning IND · permitted uses
IND · Lake Wales, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
1
Units
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Lake Wales Realty Group LLC
Entity
Mailing address
544 PARK AVE STE B04, BROOKLYN, NY 11205-1670
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
730 N Scenic Hwy LLC
—
Deed
related
$10,480,000 · Israel Discount Bank Of New York
Feb 17, 2026
—
730 N Scenic Hwy LLC
—
Deed
related
$13,377,760 · Israel Discount Bank Of New York
Jun 5, 2019
$8,000,000
Lake Wales Realty Group LLC
Lake Wales Prop Invs LLC
Trustees Deed
related
$82,550,000 · Valley Nat'l Bk
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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