Prime Retail Space on US
594 US 27 N Lake Placid, FL 33852
For Sale
Contact for pricing
18,000 SF free-standing building in Lake Placid, Florida.
Property Size16,851 SF
Price / SF$115.72
Days on Market708
Property Features for 594 US 27 N
General Information
Standard status
Active
Size
16,851 SF
Property subtype
Retail
Building Details
Year Built
2003
Listing Agency:
Saunders Real Estate
(863) 648-1528
Listed By:
Gary Ralston · License #FLBK3232399
Source:
Crexi
Added: Aug 21, 2024
Changed: Jul 10
Last Checked: Jul 29 at 10:32AM
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 Saunders Real Estate
Investment Insights
Based on property information with market context.
This 18,000 SF free-standing building is located in Lake Placid, Florida, and offers prime retail space in a highly desirable location. The property's strategic positioning on U.S Hwy 27 ensures a high level of visibility and foot traffic, making it a sought-after asset for retailers looking to establish or expand their presence in the area. The location provides easy access to U.S Hwy 27, ensuring seamless connectivity and transportation routes. Nearby points of interest, such as Lake June-in-Winter Scrub State Park and Lake Placid Tower, provide serene natural spaces. The area also features an array of dining and retail options, which includes Publix, Bealls, Domino's, Burger King, and Wawa. With modern construction and spacious accommodations, this building is well-suited for a variety of retail uses.
Key Highlights
- 18,000 SF free‑standing building offering prime retail space.
- Highly desirable location in Lake Placid, FL.
- High visibility and foot traffic on U.S. Hwy 27.
Financial Insights For Retail
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 | $252.8k | $15.00 |
| − Vacancy | −$26.5k | −$1.58 |
| EGI | $226.2k | $13.43 |
| − OpEx | −$67.9k | −$4.03 |
| NOI | $158.4k | $9.40 |
16,851 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,357 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,404 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 18,000 SF free-standing building in Lake Placid, Florida.
Where is this retail space located?
The property is located at 594 US 27 N Lake Placid, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 18,000 SF free‑standing building offering prime retail space.; Highly desirable location in Lake Placid, FL.; High visibility and foot traffic on U.S. Hwy 27.
