Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Property on US 27 Title is generated by Realmo AI

    820 Us 27 N, Lake Placid, FL 33852

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,100,000

    High-traffic Lake Placid commercial property ideal for retail or office.

    Type:Commercial/Industrial
    Lot size:
    3.10 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    69
    Last Refresh:
    Apr 6 at 3:49 am

    Property Features for 820 Us 27 N

    General Information

    Standard status
    Active
    Lot size
    3.10 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Matthew English

    Listing agent Matthew English License #3473790

    Listing office KELLER WILLIAMS CORNERSTONE RE

    Listing date Mar 16, 2026

    Source Exitrealty

    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 KELLER WILLIAMS CORNERSTONE RE

    HighLights

    • High‑Traffic Location: Situated on US 27, ensuring excellent exposure.
    • Flexible Layout: Customizable space suitable for various business types.
    • Ample Parking: Plenty of space for customers and employees.
    • Strategic Placement: Close to other thriving businesses.
    • Versatile Property: Ideal for retail, office space, or mixed‑use development.
    • Growing Economy: Located in Lake Placid, a town with a welcoming vibe.

    Overview

    This commercial property is located in Lake Placid, Florida, on US 27, a high-traffic thoroughfare. The property offers visibility and accessibility, making it suitable for retail, office space, or a mixed-use development. It features ample parking and a flexible layout that can be customized for various business types. The property's location near other businesses ensures a flow of potential customers. Lake Placid is known as the "Caladium Capital of the World" and offers a small-town vibe with a growing economy.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.4012
    Latitude
    27.265

    Nearby Similar for Sale

    • $20,000

      Commercial Lot in Growing Community

      B1-zoned commercial lot near businesses and golf course.
      784 WASHINGTON BOULEVARD NE, LAKE PLACID, FL 33852
      View Details
    • $7,900

      Land in Lake Placid, FL

      Land zoned B1 suitable for various retail and service businesses.
      961 COUNTY ROAD 29, LAKE PLACID, FL 33852
      View Details
    • $1,500,000
      12,420 SF

      Prime Retail Space on US 27

      High-visibility retail space with strong traffic and established retail presence.
      417 US 27 Highway S, Lake Placid, FL 33852
      View Details
    • $235,000
      1,928 SF

      Duplex in Placid Lakes Community

      Full duplex with two bedrooms and two bathrooms per unit.
      608 Jupiter Avenue NW, Lake Placid, FL 33852
      View Details
    • $27,900

      Spacious Corner Lot in Lake Placid

      Over half-acre corner lot, ideal for building a dream home.
      143 PATTON AVENUE, LAKE PLACID, FL 33852
      View Details
    • $850,000

      Prime Industrial Land in Lake Placid

      Almost 1.5 acres of industrial land for sale.
      204 Christine NW St, Lake Placid, FL 33852
      View Details
    • $799,900
      3,919 SF

      Lake Placid Multi-Unit Home

      Spacious, furnished 6-bedroom duplex with lake views and rental potential.
      3389 Placid View Dr, Lake Placid, FL 33852
      View Details
    • $17,900

      Lake Placid Oversized Double Lot

      Oversized lot in Lake Placid, ideal for investors.
      955 Ridge Street, Lake Placid, FL 33852
      View Details
    • $50,000

      Spacious Residential Lot Near Town

      Half-acre lot near Lake Placid, utilities available, residential zoning.
      106 Taylor Street, Lake Placid, FL 33852
      View Details
    • $12,667

      Vacant Land in Lake Placid

      Vacant lot in Lake Placid, Florida, a hidden gem.
      3216 FLATBUSH AVENUE, LAKE PLACID, FL 33852
      View Details
    • $249,500

      Lake Placid Duplex Investment Opportunity

      Two income-producing units in a growing Lake Placid community.
      573 Vanguard Avenue NW, Lake Placid, FL 33852
      View Details
    • $65,000

      Residential Land in Lake Placid

      Homesite in Sun 'N Lakes area, near freshwater destinations.
      433 GLORIA BOULEVARD, LAKE PLACID, FL 33852
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-traffic Lake Placid commercial property ideal for retail or office.
    Where is this commercial land located?
    The property is located at 820 Us 27 N Lake Placid, FL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: High‑Traffic Location: Situated on US 27, ensuring excellent exposure.; Flexible Layout: Customizable space suitable for various business types.; Ample Parking: Plenty of space for customers and employees.
    (352) 369-4044
    We can help!
    Listing Contact
    Matthew English
    Real Estate License ID: 3473790
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    820 Us 27 N, Lake Placid, FL 33852
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!