1130 Us 27 Highway N Lake Placid, FL 33852
COMMERCIAL - Lake Placid, FL
Property Features for 1130 Us 27 Highway N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B3
- Standard status
- Active Under Contract
- 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
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 agent Gregory Karlson License #3229372 (863) 381-4932
Listing office ADVANTAGE REALTY #1 743 US 27 S, Sebring, FL (863) 386-0303
Listing date Jan 2, 2024
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.
Investment Insights
Based on property information with market context.
The buildings are located on US 27 Highway N in Lake Placid and benefit from roughly 247± feet of highway frontage for exposure to passing traffic. Rear convenient access is provided via SW Vista Dr, allowing alternative routes to the property.
Zoned B3, the property sits on about 1.6± acres and is positioned to support retail-oriented operations requiring both frontage visibility and convenient back access.
Key Highlights
- Approx. 5,000 SF retail building previously used as a boat sale & repair facility and tackle store
- 1.6± acres with 247± ft of highway frontage on US 27 in Lake Placid
- Vacant space available for a new business, expansion, or lease
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 | $75.0k | $15.00 |
| − Vacancy | −$7.9k | −$1.58 |
| EGI | $67.1k | $13.43 |
| − OpEx | −$20.1k | −$4.03 |
| NOI | $47.0k | $9.40 |
