708 US 27 S Lake Placid, FL 33852
Retail building with storage units on US 27.
- Added:
- May 19, 2026
- Days on Market:
- 56
- Last Refresh:
- Jul 5 at 2:17 pm
Property Features for 708 US 27 S
General Information
- Standard status
- Active
- Size
- 4,650 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing office Advantage Realty (863) 852-6687
Listing date May 19, 2026
Source Elliman
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
Investment Insights
Based on property information with market context.
Key Highlights
- Priced at only $150/Sq.Ft (Building with Land), significantly below replacement value for a fast sale.
- Prime commercial property on US 27 with a 4650 SF retail building and a 30‑unit storage facility.
- Income‑generating potential: Lease out retail spaces and storage units.
Local 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 | $69.8k | $15.00 |
| − Vacancy | −$7.3k | −$1.58 |
| EGI | $62.4k | $13.43 |
| − OpEx | −$18.7k | −$4.03 |
| NOI | $43.7k | $9.40 |
