346 E Royal Palm Street Lake Placid, FL 33852
COMMERCIAL - Lake Placid, FL
Property Features for 346 E Royal Palm Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Exterior features
- Other Irrigation, Stucco
- Standard status
- Active Under Contract
- APN
- P-06-37-30-091-0030-00C0
- Size
- 6,248 SF
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- REPLAT OF ROBERTS GROVE ADD PB 3 PG 96 TR C BLK 3-LESS WLY 76.69 FT AS MEAS ALONG N LINE OF BLK C AND-LESS S 70 FT AND-LESS US 27 R/W
- Tax Annual Amount
- 13076
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1996
- Floors in Building
- 1
- Building materials
- Concrete Block
- Architectural style
- Other
- Additional Structures
- Other
Listing agent Gregory Karlson License #3229372 (863) 381-4932
Listing office ADVANTAGE REALTY #1 743 US 27 S, Sebring, FL (863) 386-0303
Listing date Jul 25, 2024
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.
The site provides paved parking and direct access with a full median turn on US-27, along with monument signage and strong highway visibility. The offering is positioned within the C1 zoning designation in Lake Placid, Highlands County.
The building’s current open interior layout supports straightforward customization for incoming users, while the established medical use history on-site supports continued healthcare or related professional occupancy.
Key Highlights
- 6,248+/- SF former physical therapy facility on approx. 0.90 acres in Lake Placid, FL
- US‑27 commercial/medical building with monument signage and full median turn access
- Mostly open interior floor plan that can be reconfigured for medical or professional uses
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.7k | $17.40 |
| − Vacancy | −$23.9k | −$3.83 |
| EGI | $84.8k | $13.57 |
| − OpEx | −$21.2k | −$3.39 |
| NOI | $63.6k | $10.18 |
Alternative Uses
Property Analytics
Current Use by Public Records
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