Single-Story Retail
For Sale
Under Contract
$799,900
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$159.98
Days on Market970
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 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
Legal Description
LAKE JUNE VISTA PB 5-PG 85 LOTS 18-19-20 BLK 3
Utilities
Sewer type
Public Sewer
Cooling system
Central Air, Electric
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 · License #569759
(863) 381-4932
Added: Jan 2, 2024
Changed: Aug 26
Last Checked: Aug 29 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This single-story retail property includes approximately 5,000 square feet of building area on a 1.6-acre site. The improvements were recently used for boat sales and repair along with a tackle store and are now offered as vacant space. Concrete block construction, concrete flooring, central air, electric cooling, and public sewer serve the property. Built in 1979, the site also provides display and inventory area for a commercial operation.
The property fronts US 27 in Lake Placid with approximately 247 feet of highway frontage. Rear access is available from SW Vista Dr, providing an additional point of entry. The property is zoned B3 and is located near the Premium Lake June Area.
The property fronts US 27 in Lake Placid with approximately 247 feet of highway frontage. Rear access is available from SW Vista Dr, providing an additional point of entry. The property is zoned B3 and is located near the Premium Lake June Area.
Key Highlights
- Approximately 5,000 SF of retail building area on 1.6 acres
- Approximately 247 feet of frontage along US 27
- B3 zoning with the property currently offered as vacant space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,988
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$910.2K – $1.21M
NOI $72,816 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - B3-zoned retail property with US 27 frontage and rear access via SW Vista Dr.
Where is this retail space 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 $799,900.
What are key features of this property?
This property features: Approximately 5,000 SF of retail building area on 1.6 acres; Approximately 247 feet of frontage along US 27; B3 zoning with the property currently offered as vacant space
