Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    120 Us Hwy Lake Placid, FL 33852

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Us Hwy Lake Placid, FL 33852

    View on Map
    • Retail properties & Spaces
    • 3,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 120 Us Hwy

    Property size
    3,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 3,500 square foot medical office building is ideally situated at 120 US Highway 27 in Lake Placid, Florida, within Highlands County (zip code 33852). The property is a single-tenant building, currently entirely vacant and ready for immediate occupancy. Its classification includes both retail and office space, specifically designed to accommodate medical practices. A significant advantage is the inclusion of a drive-thru feature, enhancing patient convenience and accessibility. The building's total square footage is 3,500 square feet, all of which is currently available for lease. The property's location on US Highway 27 ensures high visibility and convenient access for patients and staff. This presents a unique opportunity for a medical practice seeking a well-located, fully equipped space in a growing community. The property is categorized as a medical office building with retail components, making it suitable for a variety of healthcare-related businesses. The address is 120 US Highway 27, Lake Placid, FL 33852. This is a single-tenant building, offering a unique opportunity for a business to establish a strong presence in a desirable location. The property is ready for immediate occupancy.

    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
    -81.3591
    Latitude
    27.2961

    Comparable in this City

    • Value Estimation by Request
      4,650 SF

      708 Us-27

      Medical Office Space • 4,650 SF
      708 Us-27, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      699 SF

      225 Us Hwy

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

      225 Us Hwy

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

      225 Us Hwy

      Medical Office Space • 2,995 SF
      225 Us Hwy, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      1,171 SF

      225 Us-27

      Medical Office Space • 1,171 SF
      225 Us-27, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      2,995 SF

      225 Us Hwy

      Medical Office Space • 2,995 SF
      225 Us Hwy, Lake Placid, FL 33852
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.20 Acres

      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
    • $3,750,000

      Highway Frontage Development Opportunity

      Prime highway frontage property with development potential.
      1346 Us Highway 27, Lake Placid, FL 33852
      View Details
    • $375,000
      1,800 SF

      Medical Office in Lake Placid

      Profitable location suitable for medical or dental practice.
      204-206 W Interlake Blvd, Lake Placid, FL 33852
      View Details
    • $1,200,000

      Medical Facility with Highway Exposure

      Turn-key medical facility with high traffic exposure in Lake Placid.
      346 E Royal Palm St, Lake Placid, FL 33852
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway Frontage Retail/Office Space

      Retail/office space with front exposure on US 27.
      708 Us Highway 27, Lake Placid, FL 33852
      View Details
    • $32,028

      Professional Office Building in Lake Placid

      Professional office space in a growing downtown area.
      308 Dal Hall Blvd, Lake Placid, FL 33852
      View Details
    • $22,536
      19,200 SF

      Prime Commercial Unit in Lake Placid

      Commercial unit in a premier Lake Placid business hub.
      133 Tower St, Lake Placid, FL 33852
      View Details
    • $32,028
      2,107 SF

      Retail Space in Lake Placid

      Retail space available for lease in Lake Placid, Florida.
      308 Dal Hall Blvd, Lake Placid, FL 33852
      View Details
    • $900 /Mo
      1,320 SF

      Lake Placid Warehouse Rental Space

      Commercial warehouse space for rent in Lake Placid, Florida.
      506 S Main Ave, 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.
    120 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.
    Sign Up Successful!
    You now have access to more from Realmo!