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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Auto shops
1451 Us 27th S, Lake Placid, FL 33852-8978
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5393029
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1968
Construction
FRAME
Total area
2,879 SF
Lot
2.36 ac (102,627 SF)
Zoning code
B3
APN
C-08-37-30-A00-0240-0000
UPID
US18-5393029
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
by Request
Comparable Approach
Comparable
$534k
Blend (final)
Blend
$605k
Owner & transaction history
Volante Enterprises Of Lake Placid · 1 yrs held
Volante Enterprises Of Lake Placid
since 2024
Last sale
$825,000
6 recorded transactions
Zoning & alternative use
B3 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$475,000
+32.5%
Office building
$470,000
+31.8%
Retail stores
$435,000
+22.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$475,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$470,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$435,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$385,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $825k (Jul 28 2024)
Last sale anchor
$825k
Jul 28 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
$210 / 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
$3,464
Tax year 2023
Assessed value
$467,664
Assessed 2023
Previous assessed
$343,409
+36.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$205,255
Assessed improvement
$262,409
Land market value
$205,255
Improvement market value
$262,409
Total market value
$467,664
Applied tax rate
40.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
2
Bathrooms
4
Total area
2,879 SF
Lot
2.36 ac (102,627 SF)
Zoning code
B3
APN
C-08-37-30-A00-0240-0000
UPID
US18-5393029
Jurisdiction
HIGHLANDS
Zoning & alternative use
B3 · Lake Placid, FL
Zoning B3 · permitted uses
B3 · 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
$475,000
OFFICE BUILDING
Est. value
$470,000
RETAIL STORES
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$385,000
MEDICAL BUILDING
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
1968
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Bathrooms
4
Lot
2.36 ac
Current owner
From public records · entity-resolved
Volante Enterprises Of Lake Placid
Entity
Free & Clear · 1 yrs held
Mailing address
1451 US 27TH S, LAKE PLACID, FL 33852-8978
Ownership since
2024
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
Oct 28, 2024
$825,000
Volante Enterprises Of Lake Placid
Rodneys Fuel & Service INC
Warranty Deed
—
Mar 18, 2010
—
Nipper Minnie M Living Trust
Janin Frances L
Warranty Deed
—
Jul 2, 2009
$500,000
Rodneys Fuel & Service INC
Nipper,minnie M
Warranty Deed
$800,000 · Heartland Nat'l Bk
Jul 2, 2008
—
Nipper Minnie M Living Trust
Nipper,minnie M
Quit Claim Deed
related
—
—
—
Rodneys Fuel & Service INC
—
Loan Modification
related
—
—
—
Rodneys Fuel & Service INC
—
Loan Modification
related
—
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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