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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Retail properties & Spaces
110 Us 27th N Lake Placid, FL 33852-7931
Entity Owned
Free & Clear
Property ID
US18-3338804
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1970
Construction
FRAME
Total area
9,862 SF
Lot
1.88 ac (81,893 SF)
Zoning code
C1
APN
P-31-36-30-060-0012-0000
UPID
US18-3338804
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
S & L Properties Lake Placid LLC
S & L Properties Lake Placid LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
C1 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+43.1%
Office building
$1.5M
+0.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,465,000
Current use
COMMERCIAL (GENERAL)
$2,100,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,475,000
Change: +1% · Conversion: Difficult
RESTAURANT
$1,320,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,310,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$1,300,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10% · vs last sale $1.75M (Jun 2 2025)
Last sale anchor
$1.75M
Jun 2 2025
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
$216 / 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
Tax billed
$10,520
Tax year 2023
Assessed value
$604,592
Assessed 2023
Previous assessed
$518,677
+16.6% YoY
Effective rate
1.74%
On assessed value
Assessed land
$321,000
Assessed improvement
$283,592
Land market value
$321,000
Improvement market value
$283,592
Total market value
$604,592
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
6
Bathrooms
6
Total area
9,862 SF
Lot
1.88 ac (81,893 SF)
Zoning code
C1
APN
P-31-36-30-060-0012-0000
UPID
US18-3338804
Jurisdiction
HIGHLANDS
Zoning & alternative use
C1 · Lake Placid, FL
Zoning C1 · permitted uses
C1 · Lake Placid, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Placid. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
6
Lot
1.88 ac
Current owner
From public records · entity-resolved
S & L Properties Lake Placid LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1918 W CASS ST, TAMPA, FL 33606-1232
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
$1,750,000
S & L Properties Lake Placid LLC
Rocwell Gate LLC
Special Warranty Deed
—
Oct 19, 2023
—
Rocwell Gate LLC
Gate Petroleum Company
Correction Deed
related
—
Jun 21, 2023
$3,000,000
Rocwell Gate LLC
Gate Petroleum Company
Special Warranty Deed
$646,000 · Vast Bank NA
Jan 25, 2019
$1,300,000
Gate Petroleum Co
Dp Partners Ltd
Grant Deed
—
Jul 24, 2018
—
Dp Partners Ltd
—
Trustees Deed
related
$240,000 · Heartland Nat'l Bk
Mar 31, 2017
—
Dp Partners Ltd
—
Deed
related
$592,000 · Heartland Nat'l Bk
Mar 21, 2007
$1,200,000
Dp Partners Ltd
Jeffery Cowell
Warranty Deed
$960,000 · Heartland National Bank
May 24, 2002
$425,000
Jeffery Cowell
Mcmillan,larry M & Barbara
Grant Deed
$425,000 · Southtrust Bank NA
Jun 9, 2000
$275,000
Larry M Mcmillian
Jack M Clark Trustee
Grant Deed
$250,000 · Seller
—
—
Dp Partners Ltd
—
Deed Of Trust
related
—
—
—
Dp Partners Ltd
—
Loan Modification
related
$592,000 · Heartland Nat'l Bk
—
—
Dp Partners Ltd
—
Loan Modification
related
$592,000 · Heartland Nat'l Bk
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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