Auburndale, Lake Alfred, Polk City, Florida - 2012 Commercial & Industrial Real Estate Sales Synopsis
by Michael Cliggitt, MAI, MRICS on 11/12/13
Auburndale,
Lake Alfred, Polk City Commercial & Industrial Real Estate Analysis
2012
Transaction Information and Analysis
(Data
Extracted from MLS Only – Does not include additional transaction information
from Non-MLS Listings/Sales)
Only 4
Commercial Property Sales in the Auburndale, Lake Alfred, Polk City Market
·
4
Commercial Property Sales labeled as No Special Sale Conditions
o
100%
No Special Sale Condition Property Sales
·
0
Commercial Property Sales labeled as REO/Bank-Owned Transactions
o
0%
REO/Bank-Owned Property Sales
·
0
Commercial Property Sales labeled as Short-Sale Transactions
o
0%
Short Sale Property Sales
Property
Pricing Analysis
·
Sale
Prices Ranging from a low of $46,000 to a high of $514,500
o
Sale
Price Average was $212,625
o
Sale
Price Median was $145,000
o
Average
and median comparison indicates that the sales/price level in the lower tier
segments were more drastic than the upper tier price segments.
o
More
Specifically the # of sales were an even split between the below and above average
price. 2 of the 4 Auburndale, Lake Alfred, Polk City Commercial Property Sales
(50%) were below the average price of $212,625.
Sale
Price/SF Analysis
·
Sale
Price/SF Ranging from a low of $38.13/SF to a high of $80.71/SF
o
Sale
Price/SF Average was $58.93
o
Sale
Price/SF Median was $58.45
o
Average
and median comparison indicates that property sales on a per square foot basis
were generally similar with 2 above and 2 below the average.
Sale
Price to List Price Analysis
·
Sale
Price Compared Lowest Listing Price Comparison revealed a range:
o
The
Low was 74% Sale Price to Listing Price
o
The
High was 92% Sale Price to Listing Price (0 Sold for 100% of Listing)
o
Average
Sale Price to List Price was 84%
o
Median
Sale Price to List Price was 85%
o
Most
properties are selling near 85% range of their final listing price or to put it
another way a 15% discount from the final/last listing price for a property is
being realized by sellers in this market.
Note – The
above sales included a range of property types such as: Automotive-Vehicle
Related, Retail, General Commercial, etc.
The above
information helps display the state of the commercial and industrial sales
market in Auburndale, Lake Alfred, Polk City, as represented by the sold
properties that were listed in MLS. Most
notably was the limited amount of sales activity within these three market
areas in 2012. We also note that there were no sold properties that were bank
owned or labeled as short-sales. Bank-owned and/or distressed type sales continue
to be part of the local commercial and industrial real estate sales market but there
were no transactions in 2012 within the MLS data for Auburndale, Lake Alfred,
Polk City.
For more
detailed information regarding the Auburndale, Lake Alfred, Polk City market or
to have us perform an analysis or appraisal of your property please feel free
to contact us.
863-661-1165
(Direct)
mcliggitt.mai@verizon.net
Cliggitt
Valuation, Inc.
Real Estate
Analysts, Advisors, & Appraisers
