Commercial Land with Retail
For Sale
$879,900
1130 Us 27 Highway N, Lake Placid, FL 33852
Commercial, Single Story, Lake Placid, FL
Property Size5,000 SF
Lot Size1.60 Acres
Price / SF$175.98
Days on Market1037
Property Features for 1130 Us 27 Highway N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3
Directions
US 27 and Hammock Road Sebring South on US 27 to the building on right before Lake June Road
Standard status
Active
APN
P-30-36-30-050-0030-0180
Size
5,000 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LAKE JUNE VISTA PB 5-PG 85 LOTS 18-19-20 BLK 3
Tax Annual Amount
4143
Legal Description
LAKE JUNE VISTA PB 5-PG 85 LOTS 18-19-20 BLK 3
Utilities
Sewer type
Public Sewer
Cooling system
Electric, Central Air
Building Details
Year built
1979
Floors in Building
1
Flooring type
Concrete
Building materials
Concrete Block
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Gregory Karlson
(863) 381-4932
Added: Jan 2, 2024
Changed: Nov 2
Last Checked: Nov 3 at 12:06AM
MLS# 300714
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1.6-acre commercial land property includes approximately 5,000 square feet of retail buildings. Constructed in 1979, the concrete-block improvements have concrete flooring, central air conditioning, electric cooling, and public sewer service. The buildings are vacant; their recent uses included boat sales and repair and a tackle store. B3 zoning applies to the property.
The site has approximately 247 feet of frontage on US 27 in Lake Placid, with rear access from SW Vista Dr. The property includes display and inventory space, and the listing identifies potential for an auto sales operation.
The site has approximately 247 feet of frontage on US 27 in Lake Placid, with rear access from SW Vista Dr. The property includes display and inventory space, and the listing identifies potential for an auto sales operation.
Key Highlights
- 1.6‑acre commercial land property with approximately 5,000 square feet of buildings
- Approximately 247 feet of frontage on US 27
- Rear access from SW Vista Dr
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,988
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,760
$939.8K
Cap Rate 7%
$671,257
$671.3K
Cap Rate 9%
$522,089
$522.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.0K $15.00/SF
− Vacancy
−$7.9K −$1.58/SF
EGI
$67.1K $13.43/SF
− OpEx
−$20.1K −$4.03/SF
NOI
$47.0K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,760
Cap Rate 7%
$671,257
Cap Rate 9%
$522,089
Alternative Uses
Best Use
Retail
$671.3K
$587.4K – $783.1K
NOI $46,988 @ 7.0% cap · market cap 5.34%
Second Best
Industrial
$426.6K
$373.3K – $497.7K
NOI $29,862 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.04M
$910.2K – $1.21M
NOI $72,816 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,907 visits/mo
0.1 miles
Demographics for 33852, FL
21,635
Population
12,991
Households
1.7
Avg Household Size
55
Median Age
20%
College-Educated
85%
High-School Grad
293.4 sq mi
ZIP Area
74
Density / Sq Mi
$54,841
Median Household Income
$39,658
Median Earnings
$1,063
Median Rent
$205,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The vacant site includes concrete-block improvements and access from US 27 and SW Vista Dr.
Where is this commercial land located?
The property is located at 1130 Us 27 Highway N Lake Placid, FL.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: 1.6‑acre commercial land property with approximately 5,000 square feet of buildings; Approximately 247 feet of frontage on US 27; Rear access from SW Vista Dr
