Retail Space with Pack-and-Ship
For Sale
$699,900
204 S MAIN, Lake Placid, FL 33852
Configured for office-supply retail and shipping services with customer-facing and administrative areas.
Property Size3,750 SF
Days on Market49
Property Features for 204 S MAIN
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,815
Building Details
Building Size
3,750 SF
Year Built
1996
Listing Agency:
Advantage Realty #1
Listed By:
Gregory Karlson · License #CQ1035802
(863) 381-4932
Source:
Elliman
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 6:58AM
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
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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.
The offering includes a 3,750-square-foot retail building occupied by an office-supply operation and a pack-and-ship facility. Customer mailbox services and shipping functions are positioned near the entrance, with administrative support space nearby. The balance of the building provides retail merchandising space for office supplies and furniture, along with areas supporting computer use, copying, and fax services.
Built in 1996, the property is located at 204 S Main in Lake Placid, Florida. The sale combines the real estate with the operating businesses, providing an established commercial layout centered on retail sales, customer services, and shipping activity.
Built in 1996, the property is located at 204 S Main in Lake Placid, Florida. The sale combines the real estate with the operating businesses, providing an established commercial layout centered on retail sales, customer services, and shipping activity.
Key Highlights
- 3,750 SF retail building with office‑supply and pack‑and‑ship operations
- Customer mailbox center and shipping services near the entrance
- Retail area includes office supplies and office furniture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,241
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,820
$704.8K
Cap Rate 7%
$503,443
$503.4K
Cap Rate 9%
$391,567
$391.6K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$56.3K $15.00/SF
− Vacancy
−$5.9K −$1.58/SF
EGI
$50.3K $13.43/SF
− OpEx
−$15.1K −$4.03/SF
NOI
$35.2K $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%
$704,820
Cap Rate 7%
$503,443
Cap Rate 9%
$391,567
Alternative Uses
Best Use
Retail
$503.4K
$440.5K – $587.4K
NOI $35,241 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$780.2K
$682.7K – $910.2K
NOI $54,612 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Frequently Asked Questions
What type of property is this?
Retail space - Configured for office-supply retail and shipping services with customer-facing and administrative areas.
Where is this retail space located?
The property is located at 204 S MAIN Lake Placid, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3,750 SF retail building with office‑supply and pack‑and‑ship operations; Customer mailbox center and shipping services near the entrance; Retail area includes office supplies and office furniture
