Property profile

1506 Us 27th S Lake Placid, FL 33852

OFF-MARKET
Motels
Property ID
US18-5621095
2,565 SF 1.73 ac lot Built 1950
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1950
Construction CONCRETE BLOCKS
Total area 2,565 SF
Lot 1.73 ac (75,141 SF)
Zoning code B3
APN C-08-37-30-A00-0260-0000
UPID US18-5621095

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1506 Us 27th S Lake Placid, FL 33852-8979
Lake Placid metro Census 961701 SEBRING, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$790k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$800k

Owner & transaction history

since 2023
Last sale
$750,000
4 recorded transactions
2023
$750,000
2016
$250,000
2014
Price N/A
2011
Price N/A

Zoning & alternative use

B3 · Lake Placid, FL
Top alternative use upside
Commercial (general) $545,000 +81.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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