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    Property profile & analytics

    1175 County Rd 29 Lake Placid, FL 33852-9301

    • Office buildings
    • 912 SF
    • 3.83 lot acres
    OFF-MARKET
    Value Estimation
    $2,385,000
    Last Sale
    May 20, 2024
    $2,389,000
    Location Intelligence
    Property ID
    US18-3622134
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Florida Grove Hedgers / Agricultural Service
    • Harvell EP Office / Produce Wholesaler

    Property Details for 1175 County Rd 29

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    3.83 lot acres
    Property size
    912 SF
    Zone code
    AU
    Property type
    Office buildings
    APN
    C-23-37-30-010-0021-0000
    APU
    C23373001000210000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,350,000
      6.5%
      $2,325,000
      7%
      $2,340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,285,000
      Geo Method
      $2,490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,410,000
      Retail
      $2,670,000
      Mixed-Use
      $2,350,000
      Hospitality
      $2,475,000
      Educational
      $1,985,000
      Residential Income
      $2,155,000
      Energy
      $2,435,000
      Income-Based Land
      $2,050,000
      Food Service
      $2,535,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.2995
    Latitude
    27.2452
    CBSA code
    42700
    CBSA name
    SEBRING, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,791
    $5,745
    $346,386
    $352,131
    -
    $0.00
    $0.00
    $376,873

    Comparable in this City

    • Value Estimation by Request
      4,592 SF

      13673 Josephine Ave

      OFFICE BUILDING • 4,592 SF
      13673 Josephine Ave, Lake Placid, FL 33852
      View Details
    • Value Estimation
      $320,000
      942 SF

      847 Us 27th S

      OFFICE BUILDING • 942 SF
      847 Us 27th S, Lake Placid, FL 33852-7929
      View Details
    • Value Estimation
      $325,000
      1,600 SF

      2 Hickory Ave

      OFFICE BUILDING (MULTI-STORY) • 1,600 SF
      2 Hickory Ave, Lake Placid, FL 33852-5620
      View Details
    • Value Estimation
      $310,000
      1,579 SF

      109 Interlake Blvd

      OFFICE BUILDING • 1,579 SF
      109 Interlake Blvd, Lake Placid, FL 33852-9648
      View Details
    • Value Estimation
      $280,000
      4,410 SF

      172 Interlake Blvd

      OFFICE BUILDING (MULTI-STORY) • 4,410 SF
      172 Interlake Blvd, Lake Placid, FL 33852-9577
      View Details
    • Value Estimation
      $255,000
      1,879 SF

      20 Interlake Blvd

      OFFICE BUILDING (MULTI-STORY) • 1,879 SF
      20 Interlake Blvd, Lake Placid, FL 33852-9481
      View Details

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    Similar Nearby for Lease

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      View Details
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      Lake Placid Warehouse For Lease

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      View Details
    • $1,300 /Mo

      Updated Apartment in Lake Placid

      Recently updated 3-bedroom apartment in central Lake Placid.
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      Unique live, work, and play opportunity on Lake Buck.
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    • $3,333 /Mo

      Retail Space on US Highway

      Renovated retail space with highway visibility and ample parking.
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      View Details
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    Lake Placid, FL 33852-9301
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    Realmo Value Estimation

    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.

    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.

    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
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