Technical
Financial
Distress signals
Property profile

117 Commerce Ave Lake Placid, FL 33852

OFF-MARKET
Manufacturing properties
Property ID
US18-0897489
5,000 SF 0.11 ac lot Built 1983
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1983
Construction FRAME
Total area 5,000 SF
Lot 0.11 ac (5,000 SF)
Zoning code C3
APN P-36-36-29-210-00F0-0081
UPID US18-0897489

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Factory Industrial Manufacturer

Location

117 Commerce Ave Lake Placid, FL 33852-9011
Lake Placid metro Census 961604 SEBRING, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2012
5 recorded transactions
2012
$165,000
2007
$389,000
2007
$389,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C3 · Lake Placid, FL
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.

General category INDUSTRIAL

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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