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    490 Us 27 N Lake Placid, FL 33852

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    For Lease
    $3,333 /Mo

    Renovated retail space with highway visibility and ample parking.

    Lot size:
    0.86 Acres

    Property Features for 490 Us 27 N

    General Information

    Lot size
    0.86 Acres

    Source: Crossman & Company - Corporate Agent Michael Rautbord

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on US Highway

    This retail space, established in 1980 and renovated in 1992 and 2019, offers a vanilla box build-out including a new glass storefront, ceiling, lighting, bathroom, and electrical box, ready for paint and carpet. The property benefits from a dedicated turn lane and visibility on US Highway 27, along with available pylon signage. The location experiences a combined traffic count of 27,800 vehicles per day. Parking is available at a ratio of 5.39 spaces per 1,000 square feet. The space is suitable for various businesses, including medical, insurance, pack and ship, cell phone, café, and hair salon.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3600312
    Latitude
    27.3012665

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    FAQs

    What type of property is this?
    Retail space - Renovated retail space with highway visibility and ample parking.
    Where is this retail space located?
    The property is located at 490 Us 27 N Lake Placid, FL.
    What are key features of this property?
    This property features: - High visibility from US Highway 27 with dedicated turn lane.; - Pylon signage available on US Highway 27.; - High traffic count: 27,800 VPD.
    (407) 423-5400
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    490 Us 27 N Lake Placid, FL 33852
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    Lake Placid, FL 33852
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    490 Us 27 N Lake Placid, FL 33852
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