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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Manufacturing properties
131 Commerce Ave Lake Placid, FL 33852-9011
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5546420
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
FRAME
Total area
3,600 SF
Lot
0.37 ac (16,100 SF)
Zoning code
C3
APN
P-36-36-29-210-00F0-0050
UPID
US18-5546420
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
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$700k
Owner & transaction history
Woody Wax Corporation · 1 yrs held
Woody Wax Corporation
since 2025
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
C3 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$590,000
+46.3%
Office building
$590,000
+45.5%
Retail stores
$545,000
+34.6%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$590,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$480,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$445,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Apr 25 2024)
Last sale anchor
$700k
Apr 25 2024
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
$194 / 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
$7,072
Tax year 2023
Assessed value
$408,029
Assessed 2023
Previous assessed
$408,029
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$60,000
Assessed improvement
$348,029
Land market value
$60,000
Improvement market value
$348,029
Total market value
$408,029
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Rooms
4
Bathrooms
18
Total area
3,600 SF
Lot
0.37 ac (16,100 SF)
Zoning code
C3
APN
P-36-36-29-210-00F0-0050
UPID
US18-5546420
Jurisdiction
HIGHLANDS
Zoning & alternative use
C3 · Lake Placid, FL
Zoning C3 · permitted uses
C3 · 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
Est. value
$590,000
OFFICE BUILDING
Est. value
$590,000
RETAIL STORES
Est. value
$545,000
WAREHOUSE, STORAGE
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$445,000
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
1987
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Rooms
4
Bathrooms
18
Lot
0.37 ac
Current owner
From public records · entity-resolved
Woody Wax Corporation
Entity
Mailing address
137 COMMERCE AVE, LAKE PLACID, FL 33852-9011
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
$479,500
Woody Wax Corporation
John W Cronin
Quitclaim Deed
related
—
Apr 25, 2024
$700,000
John W Cronin
Chaz Development LLC
Warranty Deed
$500,000 · Chaz Development LLC
Mar 26, 2004
$280,000
Christopher M Clark
Schiewe,lucinda V
Grant Deed
—
—
—
Christopher M Clark
—
Deed Of Trust
related
$209,668 · Heartland National Bank
—
—
Christopher M Clark
—
Deed Of Trust
related
$100,000 · Amsouth Bank
—
—
Lucinda V Schiewe
—
Deed Of Trust
related
$184,949 · Thomas A Clark
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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