708 Us 27 Highway S Lake Placid, FL 33852
COMMERCIAL - Lake Placid, FL
- Added:
- Apr 29, 2026
- Days on Market:
- 77
- Last Refresh:
- Jul 14 at 1:06 am
Property Features for 708 Us 27 Highway S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Parking
- 21
- Standard status
- Active
- APN
- P-06-37-30-020-0010-0000
- Size
- 9,650 SF
- Lot size
- 0.78 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- REPLAT OF FLORAL HOMES PB 3-PG 36 N 93.57 FT OF S 568.83 FT OF E 392 FT M/L OF SUB LESS 25 FT SERV RD
- Tax Annual Amount
- 10097
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Building materials
- Concrete Block
- Architectural style
- Other
Listing agent Nancy Newman May, PA License #3406733 (863) 852-6687
Listing office ADVANTAGE REALTY #1 743 US 27 S, Sebring, FL (863) 386-0303
Listing date Apr 29, 2026
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.
Additional structures at the rear provide access from Wirick Rd and include 30 mini storage units. The storage area is enclosed with a 6-foot-high chain link fence and a locking gate. The site includes 21 front parking spaces, with additional parking available in the rear.
The property is zoned C1 and sits on 0.78 acres. Access and configuration support both storefront retail use along US 27 and enclosed storage operation at the rear.
Key Highlights
- 1979 commercial property with construction of concrete block and central electric HVAC/cooling.
- Front building: 4,650 SF retail building on US 27 with 4 store fronts; can be used as one space or divided into four.
- Back structures: 30 mini storage units with access from Wirick Rd.
Local Financial Insights For Warehouse
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 | $78.7k | $8.16 |
| − Vacancy | −$3.8k | −$0.39 |
| EGI | $75.0k | $7.77 |
| − OpEx | −$11.2k | −$1.17 |
| NOI | $63.7k | $6.60 |
