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Property profile & analytics
FOR LEASE
Parking lots & garages
241 E Park Ave Lake Wales, FL 33853
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-7400984
For Lease
1 / 13
$16,646/Mo
241 E Park Ave, Lake Wales, FL 33853
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.24 ac (10,542 SF)
Zoning code
C-1
APN
273001883000025011
UPID
US18-7400984
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
Scan Holdings LLC · 6 yrs held
Scan Holdings LLC
since 2020
Last sale
$275,000
5 recorded transactions
Zoning & alternative use
C-1 · Lake Wales, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-1 zone designed to encourage and facilitate a mix of residential uses and commercial activities in compact, pedestrian oriented, central business districts with a variety of traditional downtown uses such as small retail stores, offices, restaurants, hotels, and apartments
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
61.65 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
$1,213
Tax year 2023
Assessed value
$62,486
Assessed 2023
Previous assessed
$79,158
-21.1% YoY
Effective rate
1.94%
On assessed value
Assessed land
$55,862
Assessed improvement
$6,624
Land market value
$55,862
Improvement market value
$6,624
Total market value
$62,486
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
Parking lots & garages
Use group
PARKING LOT
Status
For Lease
Heating
NONE
Lot
0.24 ac (10,542 SF)
Zoning code
C-1
APN
273001883000025011
UPID
US18-7400984
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lake Wales, FLZoning C-1 · permitted uses
C-1 · 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-1 zone designed to encourage and facilitate a mix of residential uses and commercial activities in compact, pedestrian oriented, central business districts with a variety of traditional downtown uses such as small retail stores, offices, restaurants, hotels, and apartments
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
61.65 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Scan Holdings LLC
Entity
Mailing address
3844 S SCENIC HWY, LAKE WALES, FL 33898-6412
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
$695,000
Scan Holdings LLC
Richard D Carlson
Warranty Deed
related
$345,000 · Wauchula St Bk
May 3, 2013
$228,100
Centerstate Bk Of Fl
Mrm Of Central Florida LLC
Deed In Lieu Of Foreclosure
related
—
Nov 18, 2008
$275,000
Mrm Of Central Florida LLC
Bradley-johnson Building Corp
Warranty Deed
$233,500 · Centerstate Bank Of Florida
Jul 1, 2004
$25,000
Bradley Johnson Building Corp
Sehi,charles W & Deborah S
Grant Deed
—
—
—
Bradley-johnson Building Corp
—
Deed Of Trust
related
$280,000 · Centerstate Bank Of Florida
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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