Lake Wales, FL
Commercial Real Estate Market Trends & Data

$179 Avg asking sale price
$26 Avg asking lease rate
11,220 SF Avg unit lease size
12,340 SF Avg building size for sale
7.10% Average cap rate

Lake Wales's Demographic Profile

Lake Wales has 7,553 households and a median income of $48,056, providing context for rent absorption and tenant demand across retail and multifamily assets. A +18% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 18,742
# Households 7,553
Median age 42
Median household income $48,056
Avg household size 2.0
Renter-occupied housing units 3,057
5-year population change +18%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lake Wales, FL

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Lake Wales $74 4,951 SF
Frostproof $101 4,268 SF
Dundee $179 4,042 SF
Haines City $434 12,064 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lake Wales $170 3,426 SF 7.01%
Dundee $186 4,217 SF 12.62%
Poinciana $257 4,667 SF 5.50%
Kissimmee $235 63,667 SF 7.26%
Winter Haven $451 5,730 SF 12.62%

Commercial Properties For Sale in Lake Wales

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Stoneridge Industrial Park

Lake Wales, FL 33853

  • 469 AC Lot
  • 1 Industrial Lot
  • $60,000,000
For Sale

1750 Longleaf Blvd

Lake Wales, FL 33859

  • 35,125 SF Industrial Building
  • 8.10% Cap Rate
  • $4,800,000
For Sale

5916 County Road 540

Waverly, FL 33877

  • 83,862 SF Industrial Building
  • $15,900,000
For Sale

16030 US Hwy 27

Lake Wales, FL 33859

  • 3,843 SF Industrial Building
  • $1,100,000
For Sale

Massage Lake Wales

Lake Wales, FL 33853

  • 984 SF Office Building
  • 6.25% Cap Rate
  • $393,600
For Sale

0 Chalet Suzzane Rd

Lake Wales, FL 33859

  • 7.30 AC Lot
  • 1 Commercial Lot
  • $1,200,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lake Wales pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lake Wales $179 12,340 SF
Frostproof $101 507,054 SF
Waverly $190 83,862 SF
Dundee $157 18,381 SF

Regional Demographic Comparison

This comparison places Lake Wales alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lake Wales or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lake Wales 18,742 7,553 42 $48,056 2 3,057 18%
Babson Park 1,048 418 40 $61,875 3 95 19%
Frostproof 3,921 1,597 42 $50,412 2 552 20%
Waverly 44 17 38 $48,749 3 7 18%
Dundee 6,006 2,082 38 $45,089 3 466 19%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lake Wales, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lake Wales

View All Commercial Real Estate For Sale in Lake Wales
Is Lake Wales a good market for a first-time commercial real estate investor?

Lake Wales offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lake Wales?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lake Wales. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lake Wales?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lake Wales. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lake Wales compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lake Wales. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lake Wales acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lake Wales, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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