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Property profile

225 Us Hwy Lake Placid, FL 33852

OFF-MARKET
Office Spaces
699 SF Built 1982
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Property summary

AI-generated overview

This 699-square-foot medical office space is ideally situated on US Highway 27 in Lake Placid, Florida, boasting excellent highway frontage with an impressive average annual daily traffic count of 18,800 vehicles. The property, built in 1982, is classified as Class C and features single-tenant occupancy. The interior is finished with tile flooring throughout. Ample paved parking is available. The building is constructed of concrete block and is zoned C-1, offering versatility for various commercial uses. The asking rent is a highly competitive $12 per square foot annually, plus applicable sales tax and utilities. Utilities are shared/prorated among tenants; if a single tenant occupies the space, they are solely responsible for utilities. A three-year or longer lease is preferred, with a first month's rent, last month's rent, and security deposit required. Additional square footage is available for lease; inquire for details. The property is conveniently located near McDonald's on US Highway 27 and Hammock Road. Directions: From US 27 and Hammock Road, proceed south to the site.

Property profile

Verified
Property type Office Spaces
Year built 1982
Total area 699 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

225 Us Hwy Lake Placid, FL 33852
Lake Placid metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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