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 Market153
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 #1
(863) 381-4932
Listed By:
Gregory Karlson · License #B26060588
(863) 381-4932
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 3:10AM
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 #1
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 = 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
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
2,785 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
