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Property profile & analytics
OFF-MARKET
Turn key restaurants
15 Main Ave Lake Placid, FL 33852-1806
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US18-3673632
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2010
Construction
CONCRETE BLOCKS
Total area
3,444 SF
Lot
0.21 ac (9,000 SF)
Zoning code
C2
APN
P-36-36-29-130-0010-0010
UPID
US18-3673632
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
Current use
Occupant on record · Public records
-
Rent a Home With Us - Property Management Property Management Company
-
Jeanne Warner, Broker Associate, CIPS - BHHS Florida Properties Group Real Estate Agency
-
Carol S Edwards, Broker Associate - BHHS Florida Properties Group Real Estate Agency
-
Sara Pipal, Broker Associate - BHHS Florida Properties Group Real Estate Agency
-
MIDFLORIDA Real Estate Sales Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shawn P Larkin · 22 yrs held
Shawn P Larkin
since 2004
2 recorded transactions
Zoning & alternative use
C2 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C-2 Limited Commercial District is to provide areas for development of uses of land for all legal retail product sales and services normally located in a central business area.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
75.36 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,650
Tax year 2023
Assessed value
$353,435
Assessed 2023
Previous assessed
$314,754
+12.3% YoY
Effective rate
1.60%
On assessed value
Assessed land
$45,000
Assessed improvement
$308,435
Land market value
$45,000
Improvement market value
$308,435
Total market value
$353,435
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2010
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Bathrooms
2
Total area
3,444 SF
Lot
0.21 ac (9,000 SF)
Zoning code
C2
APN
P-36-36-29-130-0010-0010
UPID
US18-3673632
Jurisdiction
HIGHLANDS
Zoning & alternative use
C2 · Lake Placid, FLZoning C2 · permitted uses
C2 · 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-2 Limited Commercial District is to provide areas for development of uses of land for all legal retail product sales and services normally located in a central business area.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
75.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2010
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Shawn P Larkin
Individual
Mailing address
15 S MAIN AVE, LAKE PLACID, FL 33852-1806
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2004
$88,000
Shawn P Larkin
Larkin J H & K E Trust
Warranty Deed
related
$87,992 · Larkin James H & K E Trust
—
—
Dale C Anderson
—
Deed Of Trust
related
$66,345 · Wauchula State Bank
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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