Property profile

Hwy 60th E Lake Wales, FL 33859

OFF-MARKET
Commercial real estate
Property ID
US18-1371451
4,646 SF 0.85 ac lot Built 1980
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Total area 4,646 SF
Lot 0.85 ac (36,843 SF)
Zoning code C-2
APN 283004000000042040
UPID US18-1371451

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Hwy 60th E Lake Wales, FL 33859
Lake Wales metro Census 14202 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2019
4 recorded transactions
2019
$100
2019
$245,000
2006
$25,000
2000
$15,000

Zoning & alternative use

C-2 · Lake Wales, FL
Zoning description

The purpose of C-2 zone is to encourage medium scale commercial uses, primarily in groupings or on inter connected sites rather than on isolated properties

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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