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    344 Royal Palm St Lake Placid, FL 33852

    • Office Properties & Spaces
    For Sale
    View listing
    $2,400,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Heartland Pediatrics-Lake Plcd: Sonni Rajeswari MD / Pediatrician
    • Dr. Maria Belina B. Asis, MD / Pediatrician / Doctor
    • RJB Cardiac & Physical Rehab / Physical Therapist
    • Heartland Pediatrics of Lake Placid / Pediatrician

    Property Details for 344 Royal Palm St

    Year built
    1996
    Property type
    Office Properties & Spaces

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3596
    Latitude
    27.2949

    Comparable in this City

    • Value Estimation by Request
      699 SF

      225 Us Hwy

      Medical offices • 699 SF
      225 Us Hwy, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      0.46 Acres

      225 Us Hwy

      Medical offices • 0.46 Acres
      225 Us Hwy, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      2,995 SF

      225 Us Hwy

      Medical offices • 2,995 SF
      225 Us Hwy, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      3,500 SF

      120 Us Hwy

      Medical offices • 3,500 SF
      120 Us Hwy, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      1,450 SF

      225 Us Hwy

      Medical offices • 1,450 SF
      225 Us Hwy, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      4,650 SF

      708 Us-27

      Medical offices • 4,650 SF
      708 Us-27, Lake Placid, FL 33852
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Lake Placid Office Building - Prime Location

      6200+ SF Medical Office, High Traffic Area
      346 Royal Palm St, Lake Placid, FL 33852
      View Details
    • $2,400,000

      Lake Placid Medical Office Building

      Prime Medical Office, 12,496+ SF
      344 Royal Palm St, Lake Placid, FL 33852
      View Details
    • $3,250,000

      Highway Frontage Development Opportunity

      Prime highway frontage property with existing buildings and development potential.
      1346 Us 27, Lake Placid, FL 33852
      View Details
    • $875,000
      1.68 Acres

      Lake Placid Commercial Investment Opportunity

      Commercial building on 1.68 acres with high visibility.
      405 W Interlake Blvd, Lake Placid, FL 33852
      View Details
    • $2,400,000

      Finished Medical Buildings For Sale

      Two finished medical buildings in Lake Placid, Florida.
      344 E Royal Palm St, Lake Placid, FL 33852
      View Details
    • $1,300,000

      Lake Placid Mixed-Use Investment

      Turnkey Gas Station, Convenience Store & Restaurant
      621 Countty Rd, Lake Placid, FL 33852
      View Details

    Similar Nearby for Lease

    • $96 SF/Yr
      16,989 SF

      Lykes Road Commercial Property

      16,989 SF Office/Warehouse, Prime Location
      7 Lykes Rd, Lake Placid, FL 33852
      View Details
    • $10 SF/Yr
      4,650 SF

      Lake Placid Office Space

      High-traffic US-27 location, flexible office space.
      708 Us-27, Lake Placid, FL 33852
      View Details
    • $120 SF/Yr
      17,360 SF

      Lake Placid Warehouse For Lease

      17,360 SF Industrial Space, Great Location
      110 Interlake Blvd, Lake Placid, FL 33852
      View Details
    • $1,300 /Mo

      Updated Apartment in Lake Placid

      Recently updated 3-bedroom apartment in central Lake Placid.
      526 S Main St, Lake Placid, FL 33852
      View Details
    • $30,000

      Lakefront Log Cabin Business Opportunity

      Unique live, work, and play opportunity on Lake Buck.
      2200 Us 27 S, Lake Placid, FL 33852
      View Details
    • $3,333 /Mo

      Retail Space on US Highway

      Renovated retail space with highway visibility and ample parking.
      490 Us 27 N, Lake Placid, FL 33852
      View Details
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    344 Royal Palm St
    Lake Placid, FL 33852
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    Realmo Value Estimation

    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.

    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.

    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
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