Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13 Royal Palm St Lake Placid, FL 33852-5058

    • Manufacturing properties
    • 2,352 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Oct 06, 2023
    $357,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2843998
    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

    • Brantley Properties Inc / Real Estate Agency
    • Madge Stewart – Realtor / Real Estate Agency
    • Made in the Shade - Heartland / (Bike/Boat/Book/etc) Store / Home Decor Store

    Property Details for 13 Royal Palm St

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    0.22 lot acres
    Property size
    2,352 SF
    Zone code
    C3
    Property type
    Manufacturing properties
    APN
    P-01-37-29-010-0060-0120
    APU
    P01372901000600120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3672
    Latitude
    27.2956
    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
    $2,320
    $38,625
    $111,771
    $150,396
    -
    $38,625
    $111,771
    $150,396

    Comparable in this City

    • Value Estimation by Request
      560 SF

      107 Ranier Dr

      MANUFACTURING (LIGHT) • 560 SF
      107 Ranier Dr, Lake Placid, FL 33852
      View Details
    • Value Estimation
      $905,000
      5,850 SF

      332 Tobler NW Ter

      MANUFACTURING (LIGHT) • 5,850 SF
      332 Tobler NW Ter, Lake Placid, FL 33852-5627
      View Details
    • Value Estimation by Request
      4,800 SF

      220 Atherton NW Ave, Unit 1

      MANUFACTURING (LIGHT) • 4,800 SF
      220 Atherton NW Ave, Lake Placid, FL 33852-6521
      View Details
    • Value Estimation by Request
      8,704 SF

      105 Ranier Dr

      MANUFACTURING (LIGHT) • 8,704 SF
      105 Ranier Dr, Lake Placid, FL 33852-2404
      View Details
    • Value Estimation by Request
      4,168 SF

      135 Ranier Dr

      MANUFACTURING (LIGHT) • 4,168 SF
      135 Ranier Dr, Lake Placid, FL 33852-2404
      View Details
    • Value Estimation by Request
      3,080 SF

      214 State Rd 70th W

      MANUFACTURING (LIGHT) • 3,080 SF
      214 State Rd 70th W, Lake Placid, FL 33852-8715
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for building or investment.
      455 Delta Ct, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      0.26 Acres

      Residential Land in Lake Placid

      Residential land available in Lake Placid, Florida.
      417 Durham Ave, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      0.23 Acres

      Vacant Lot in Lake Placid

      0.23 acre vacant lot in Lake Placid, Florida.
      339 Sunflower Ave, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      0.23 Acres

      Vacant Land in Sun N Lakes

      Vacant land in Sun N Lakes area, Lake Placid, FL
      316 Cartier Ave, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      0.23 Acres

      Land in Lake Placid, FL

      Land available near lakes, dining, and shopping in Lake Placid.
      712 Morningside Dr, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Land in Sun N Lakes

      Vacant land in Sun N Lakes area, Lake Placid, FL
      273 Rhythm Dr, Lake Placid, FL 33852
      View Details

    Similar Nearby for Lease

    • $96 SF/Yr
      16,989 SF

      Lykes Road Commercial Property

      16,989 SF Office/Warehouse, Prime Location
      7 Lykes Rd, Lake Placid, FL 33852
      View Details
    • $900 /Mo
      1,320 SF

      Lake Placid Warehouse Rental Space

      Commercial warehouse space for rent in Lake Placid, Florida.
      506 S Main Ave, Lake Placid, FL 33852
      View Details
    • $120 SF/Yr
      17,360 SF

      Lake Placid Warehouse For Lease

      17,360 SF Industrial Space, Great Location
      110 Interlake Blvd, Lake Placid, FL 33852
      View Details
    • $2,000 /Mo

      Lakefront Highway Frontage Log Cabin

      Lakefront log cabin with highway frontage, ideal for small business.
      2200 Us 27 Hwy S, Lake Placid, FL 33852
      View Details
    • $1,300 /Mo

      Updated Apartment in Lake Placid

      Recently updated 3-bedroom apartment in central Lake Placid.
      526 S Main St, Lake Placid, FL 33852
      View Details
    • $10 SF/Yr
      4,650 SF

      Lake Placid Office Space

      High-traffic US-27 location, flexible office space.
      708 Us Highway 27, Lake Placid, FL 33852
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13 Royal Palm St
    Lake Placid, FL 33852-5058
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.