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Property profile & analytics
OFF-MARKET
Estimated value
$455,000
Theaters & concert halls
101 Del Prado Pso Lake Placid, FL 33852
Individually Owned
24-yr Hold
Free & Clear
Property ID
US18-4540299
Property profile
Verified
Property type
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Year built
2013
Construction
FRAME
Total area
10,800 SF
Lot
16.58 ac (722,225 SF)
Zoning code
R1A
APN
P-01-37-29-030-0000-0820
UPID
US18-4540299
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$455k
Owner & transaction history
School Board Of Highland Cnty · 24 yrs held
School Board Of Highland Cnty
since 2002
1 recorded transaction
Zoning & alternative use
R1A · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-1A Single-Family Dwelling District is to provide for areas of highly restricted single-family dwelling use, along with the necessary and incidental accessory uses and uses characteristic and accepted with, but not detrimental to the principal uses.
Zone name
Single Family Dwelling
General category
RESIDENTIAL
Zone area
380.51 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Placid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Placid submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$455k
Range $410k – $501k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$42 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$1,497,081
Assessed 2023
Previous assessed
$1,225,258
+22.2% YoY
Assessed land
$165,800
Assessed improvement
$1,331,281
Land market value
$165,800
Improvement market value
$1,331,281
Total market value
$1,497,081
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
10,800 SF
Lot
16.58 ac (722,225 SF)
Zoning code
R1A
APN
P-01-37-29-030-0000-0820
UPID
US18-4540299
Jurisdiction
HIGHLANDS
Zoning & alternative use
R1A · Lake Placid, FLZoning R1A · permitted uses
R1A · Lake Placid, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R-1A Single-Family Dwelling District is to provide for areas of highly restricted single-family dwelling use, along with the necessary and incidental accessory uses and uses characteristic and accepted with, but not detrimental to the principal uses.
Zone name
Single Family Dwelling
General category
RESIDENTIAL
Zone area
380.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
16.58 ac
Current owner
From public records · entity-resolved
School Board Of Highland Cnty
Individual
Free & Clear · 24 yrs held
Mailing address
426 SCHOOL ST, SEBRING, FL 33870-4048
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2002
$300,000
School Board Of Highland Cnty
Consolidated Circle H INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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