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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Office buildings
125 Tower St Bldg 6 Lake Placid, FL 33852-6836
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4336299
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2007
Construction
CONCRETE BLOCKS
Total area
7,664 SF
Lot
1.55 ac (67,310 SF)
Zoning code
C1
APN
P-31-36-30-A00-032A-0000
UPID
US18-4336299
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
$1.72M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.76M
Owner & transaction history
Cb Grant 1927 LLC · 1 yrs held
Cb Grant 1927 LLC
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
C1 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C-1 Highway Commercial District is to provide for commercial uses of land and buildings along highway frontage.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
173.85 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.9M
+52.5%
Medical building
$1.3M
+0.6%
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
$1,855,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,280,000
7%
$1,190,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,255,000
Current use
RESTAURANT
$1,910,000
Change: +52% · Conversion: Moderate
MEDICAL BUILDING
$1,260,000
Change: +1% · Conversion: Easy
RETAIL STORES
$1,160,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10% · vs last sale $2.33M (Mar 4 2025)
Last sale anchor
$2.33M
Mar 4 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
$229 / 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
$19,853
Tax year 2023
Assessed value
$1,091,493
Assessed 2023
Previous assessed
$1,002,081
+8.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$134,620
Assessed improvement
$956,873
Land market value
$134,620
Improvement market value
$956,873
Total market value
$1,091,493
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2007
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
6
Bathrooms
7
Total area
7,664 SF
Lot
1.55 ac (67,310 SF)
Zoning code
C1
APN
P-31-36-30-A00-032A-0000
UPID
US18-4336299
Jurisdiction
HIGHLANDS
Zoning & alternative use
C1 · Lake Placid, FLZoning 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
Zoning description
The purpose of the C-1 Highway Commercial District is to provide for commercial uses of land and buildings along highway frontage.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
173.85 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
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
2007
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
7
Lot
1.55 ac
Current owner
From public records · entity-resolved
Cb Grant 1927 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1333 3RD AVE S STE #505, NAPLES, FL 34102-6538
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
$2,325,000
Cb Grant 1927 LLC
Mid Town Lake Placid LLC
Warranty Deed
—
May 13, 2021
$1,400,000
Mid Town Lake Placid LLC
Mid Town Center Plaza LLC
Warranty Deed
$1,065,000 · First Southern Bank
Sep 23, 2016
—
Mid Town Center Plaza LLC
—
Deed
related
—
Jun 30, 2016
—
Mid Town Center Plaza LLC
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Deed
related
—
Jul 29, 2011
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Mid Town Center Plaza LLC
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Trustees Deed
related
$120,497 · Heartland Nat'l Bk
Apr 21, 2010
$1,360,000
Mid Town Center Plaza LLC
William L Klohn LLC
Warranty Deed
$750,000 · Heartland National Bank
Jan 31, 2007
—
Board Of Cnty Commissioners Highl
William L Klohn LLC
Warranty Deed
—
—
—
Mid Town Center Plaza LLC
—
Deed Of Trust
related
—
—
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Mid Town Center Plaza LLC
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Deed Of Trust
related
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—
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Mid Town Center Plaza LLC
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Loan Modification
related
—
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Mid Town Center Plaza LLC
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Loan Modification
related
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Mid Town Center Plaza LLC
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Loan Modification
related
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Mid Town Center Plaza LLC
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Loan Modification
related
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Mid Town Center Plaza LLC
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Loan Modification
related
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Mid Town Center Plaza LLC
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Loan Modification
related
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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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