US 27 Retail
For Sale
$799,900
Pending
1130 Us 27, Lake Placid, FL
Retail buildings on US 27 with highway frontage.
Property Size5,000 SF
Lot Size0.52 Acres
Days on Market224
Property Features for 1130 Us 27
General Information
Standard status
Pending
Size
5,000 SF
Lot size
0.52 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,143
Building Details
Year Built
1979
Listing Agency:
Advantage Realty
Listed By:
Gregory Karlson · License #3229372
(863) 381-4932
Source:
Elliman
Added: Mar 11
Changed: Aug 23
Last Checked: Aug 14 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Advantage Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property on US 27 in Lake Placid offers an opportunity with approximately 5,000 square feet of retail buildings on 1.6 acres. It features approximately 247 feet of highway frontage, suitable for display or inventory. The location is near the Lake June Area. Previously used as a boat sales and repair facility and tackle store, the vacant space is available for a new business, expansion, or leasing. Convenient access to SW Vista Drive provides multiple alternative highway access distribution points.
Key Highlights
- Prime location on US 27 with 247+- ft of highway frontage, ideal for high visibility
- Large 1.6+- acre lot with 5000+- SF retail building(s) suitable for various businesses
- Located in the path of northward expansion of Lake Placid, offering future growth potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,988
Cap Rate
5.87%
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 5.87%
Second Best
Industrial
$426.6K
$373.3K – $497.7K
NOI $29,862 @ 7.0% cap · market cap 3.73%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,907 visits/mo
0.1 miles
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?
Auto shop - Retail buildings on US 27 with highway frontage.
Where is this auto shop located?
The property is located at 1130 Us 27 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: Prime location on US 27 with 247+- ft of highway frontage, ideal for high visibility; Large 1.6+- acre lot with 5000+- SF retail building(s) suitable for various businesses; Located in the path of northward expansion of Lake Placid, offering future growth potential
