Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1349 Us Hwy Lake Placid, FL 33852

    • Land
    • 7.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1349 Us Hwy

    Lot size
    7.00 lot acres
    Property type
    Land

    Description

    This exceptional 7-acre commercial land parcel in Lake Placid, Florida, presents a prime opportunity for medical development. Located at 1349 US Highway 27, the property boasts 1120+ feet of frontage on a major highway, with all utilities readily available. Its strategic location is adjacent to Bedrock Care at Southern Life ALF and across from AdventHealth Lake Placid Hospital, creating a synergistic environment for complementary medical uses such as cancer centers, dialysis facilities, psychological services, and hearing aid centers. The property's B-3 zoning permits a wide range of medical-related developments. Pre-existing infrastructure includes DOT curb cuts and a full median turn, simplifying development. With a land cost of only $14 per square foot, significantly below market value, this site has the potential to support up to 60,000+ square feet of medical buildings. The property's strategic location and infrastructure make it an ideal investment for long-term lease income, condo development, or build-to-sell strategies, maximizing returns through depreciation benefits. The APN is P-25-36-29-A00-0140-0000. Asking price is $799,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3728
    Latitude
    27.3244

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      108 Lake Francis Rd

      Land • 5.00 Acres
      108 Lake Francis Rd, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request

      95 Lake Ridge Dr

      Land
      95 Lake Ridge Dr, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request

      3129 Meridian Ave

      Land
      3129 Meridian Ave, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      14.03 Acres

      1408 Grand Placid Ave

      Land • 14.03 Acres
      1408 Grand Placid Ave, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      0.25 Acres

      3326 Pne Tulip Rd

      Land • 0.25 Acres
      3326 Pne Tulip Rd, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      5.00 Acres

      108 Lake Francis Rd

      Land • 5.00 Acres
      108 Lake Francis Rd, Lake Placid, FL 33852
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lake Placid Land: Prime Investment

      0.52-acre commercial/residential lot.
      307 Pershing Ave, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      14.03 Acres

      Lake Placid Commercial Land

      ±14 Acres, US-27 Frontage, Lake Clay
      1408 Grand Placid Ave, Lake Placid, FL 33852
      View Details
    • Contact for pricing

      Lake Placid Commercial Land Investment

      11,250 SF Lot, $12,500
      1058 Doral Ave, Lake Placid, FL 33852
      View Details
    • $1,200,000
      7.44 Acres

      Lake Placid Commercial Land

      7.44± Acres, Prime Location, High Growth
      0 County Road 621, Lake Placid, FL 33852
      View Details
    • $550,000
      0.62 Acres

      808 South Main Ave

      Land • 27,030 SF
      808 Main Ave, Lake Placid, FL 33852
      View Details
    • Contact for pricing

      Lake Placid Commercial Land - $20k

      Prime 0.23-acre corner lot, buildable residential/commercial.
      3129 Meridian Ave, 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 Highway 27, 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
    • $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
    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.
    1349 Us Hwy
    Lake Placid, FL 33852
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.