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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Strip malls
121 Us 27th S Lake Placid, FL 33852-7918
Entity Owned
~
Est. High Equity
Property ID
US18-2918712
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
FRAME
Total area
4,200 SF
Lot
0.4 ac (17,250 SF)
Zoning code
C1
APN
P-06-37-30-160-0000-0040
UPID
US18-2918712
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
$635k
Comparable Approach
Comparable
$451k
Blend (final)
Blend
$540k
Owner & transaction history
Jcornejo Rentals LLC
Jcornejo Rentals LLC
since 2026
5 recorded transactions
Zoning & alternative use
C1 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$690,000
+48.6%
Office building
$685,000
+47.8%
Retail stores
$635,000
+36.8%
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%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$465,000
Current use
MEDICAL BUILDING
$690,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$635,000
Change: +37% · Conversion: Easy
WAREHOUSE, STORAGE
$560,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$129 / 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
$5,444
Tax year 2023
Assessed value
$336,547
Assessed 2023
Previous assessed
$272,644
+23.4% YoY
Effective rate
1.62%
On assessed value
Assessed land
$69,750
Assessed improvement
$266,797
Land market value
$69,750
Improvement market value
$266,797
Total market value
$336,547
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
2
Total area
4,200 SF
Lot
0.4 ac (17,250 SF)
Zoning code
C1
APN
P-06-37-30-160-0000-0040
UPID
US18-2918712
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$465,000
MEDICAL BUILDING
Est. value
$690,000
OFFICE BUILDING
Est. value
$685,000
RETAIL STORES
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$520,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1977
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Jcornejo Rentals LLC
Entity
Mailing address
241 GOLFPOINT DR, LAKE PLACID, FL 33852-9169
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2026
$100
Jcornejo Rentals LLC
Cornejo Hernandez
Warranty Deed
related
—
Nov 19, 2018
$250,000
Francisco Cornejo
Sanders,ireland E
Warranty Deed
$100,000 · Luis F & Lourdes B Celaya
Feb 8, 2005
—
Ireland E Sanders
Joan C Brisson
Warranty Deed
$200,000 · Suntrust Bank
Feb 8, 2005
$250,000
Ireland E Sanders
Christensen,patricia
Warranty Deed
—
—
—
Ireland E Sanders
—
Deed Of Trust
related
$164,000 · Seacoast National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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