417 US 27 Highway S, Lake Placid, FL 33852
COMMERCIAL - Lake Placid, FL
- Added:
- Mar 20, 2026
- Days on Market:
- 100
- Last Refresh:
- Jun 27 at 12:06 pm
Property Features for 417 US 27 Highway S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Standard status
- Active Under Contract
- APN
- P-06-37-30-A00-0371-0000
- Size
- 12,420 SF
- Lot size
- 1.65 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S 303 FT OF W 399 FT OF NW 1/4 OF NE 1/4 OF SEC 6 LESS HWY 27 R/W PER OR 774-PG 379 6-37-30/37.1 1.65 ACRES
- Tax Annual Amount
- 11424
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Flooring type
- Concrete, Vinyl, Terrazzo
- Building materials
- Concrete Block
- Roof type
- Metal
- Architectural style
- Other
Listing agent Debbie McCullough (863) 441-1319
Listing office Paradise Real Estate International LLC 3200 US Highway 27 S Suit 102, Sebring, FL (863) 272-7540
Listing date Mar 20, 2026
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1.65‑acre commercial site with 300 ft frontage on US 27
- 12,420 sq ft building zoned C1, currently used as retail space
- DOT average daily traffic count of approximately 21,500 vehicles on US 27
- Central water; central sewer nearby
- Year built 1965 with concrete block construction and a metal roof
- Central air and electric heating; flooring includes vinyl, concrete, and terrazzo
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.3k | $15.00 |
| − Vacancy | −$19.6k | −$1.58 |
| EGI | $166.7k | $13.43 |
| − OpEx | −$50.0k | −$4.03 |
| NOI | $116.7k | $9.40 |
Alternative Uses
Current Use by Public Records
Map
- City
- Lake Placid
- County
- Highlands
- State
- Florida
- Longitude
- -81.4012
- Latitude
- 27.265
