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Property profile & analytics
OFF-MARKET Estimated value $1,620,000
Industrial properties

110 Interlake Blvd Lake Placid, FL 33852-9638

28,690 SF 2.86 ac lot Built 1959
Entity Owned 10-yr Hold Free & Clear
Property ID
US18-3768815
Property summary
AI-generated overview

This exceptional 17,360-square-foot warehouse in Lake Placid, Florida, presents a significant opportunity for industrial businesses. Located at 110 W Interlake Blvd #105, this single-tenant property boasts a spacious layout, including 11,548 square feet of warehouse space on the ground floor, 1,052 square feet of first-floor office space, and a 4,760-square-foot mezzanine on the second floor. The building, constructed in 1959 and situated on a 43,560-square-foot lot, features three loading docks equipped with 10'w x 12'h roll-up doors in the front and 10'x10' roll-up doors in the back. High ceilings (21+ feet) provide ample vertical space, while a Class 4 fire sprinkler system ensures safety. Additional features include a Duro-Last roof (installed in 2016), newly installed hurricane impact windows throughout, 400-amp single-phase power with 3-phase availability, and central water. An optional 4,500-square-foot fenced outdoor storage area is available for an additional monthly rent. The property is zoned commercial and offers a central Lake Placid location. The lease is contingent upon the release of the current tenant, who has verbally agreed to vacate. The asking rent is $10 per square foot plus sales tax, with $1 per square foot for CAM and utilities.

Property profile
Verified
Property type Industrial properties
Use group HEAVY INDUSTRIAL
Year built 1959
Construction CONCRETE BLOCKS
Total area 28,690 SF
Lot 2.86 ac (124,582 SF)
Zoning code C3
APN P-36-36-29-A00-0090-0000
UPID US18-3768815
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
Current use
Occupant on record · Public records
  • Glass Bottle Outlet Big Box & Wholesale Store Shipping Company
  • 1-800-Packouts of North Fort Myers Hardware & Home Improvement Construction Company
  • X-Urban Construction Construction Company General Contractor
  • Locus Agricultural Solutions Agricultural Service Agricultural Engineer
  • Techno Steel General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.61M
Blend (final) Blend
$1.62M
Owner & transaction history
Dewey Junction LLC · 10 yrs held
Dewey Junction LLC
since 2016
7 recorded transactions
2017
Price N/A
2016
$450,000
2005
$1.7M
1997
$110,000
1997
$125,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C3 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of the C-3 Commercial Light Manufacturing District is to provide for land uses which are primarily for storage, light manufacturing, retailing and wholesaling enterprises.

Zone name Commercial Light Manufacturing
General category INDUSTRIAL
Zone area 16.98 ac
Source Realmo
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