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Property profile & analytics
OFF-MARKET
Estimated value
$3,655,000
Hospitals
1210 Us 27th N Lake Placid, FL 33852-7948
Entity Owned
Free & Clear
Property ID
US18-4165160
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1981
Construction
FRAME
Total area
29,561 SF
Lot
12.15 ac (529,254 SF)
Zoning code
R3
APN
P-25-36-29-A00-0070-0010
UPID
US18-4165160
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
$3.96M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$3.66M
Owner & transaction history
ADVENTIST HEALTH SYSTEM/SUNBELT INC
ADVENTIST HEALTH SYSTEM/SUNBELT INC
Zoning & alternative use
R3 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,285,000
6.5%
$3,955,000
7%
$3,675,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,860,000
Current use
OFFICE BUILDING
$4,835,000
Change: -1% · Conversion: Easy
RETAIL STORES
$4,470,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,930,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.66M
Range $3.29M – $4.02M · ±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
$124 / 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
$7,147
Tax year 2023
Assessed value
$15,889,026
Assessed 2023
Previous assessed
$13,673,407
+16.2% YoY
Effective rate
0.04%
On assessed value
Assessed land
$911,250
Assessed improvement
$14,977,776
Land market value
$911,250
Improvement market value
$14,977,776
Total market value
$15,889,026
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Rooms
50
Bathrooms
64
Total area
29,561 SF
Lot
12.15 ac (529,254 SF)
Zoning code
R3
APN
P-25-36-29-A00-0070-0010
UPID
US18-4165160
Jurisdiction
HIGHLANDS
Zoning & alternative use
R3 · Lake Placid, FL
Zoning R3 · permitted uses
R3 · 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
MEDICAL BUILDING Current
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$3.9M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1981
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Rooms
50
Bathrooms
64
Lot
12.15 ac
Current owner
From public records · entity-resolved
ADVENTIST HEALTH SYSTEM/SUNBELT INC
Entity
Free & Clear · 0 yrs held
Mailing address
4200 SUN N LK BLVD, SEBRING, FL 33872-1986
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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