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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Motels
1865 Us 27th S Lake Placid, FL 33852-8405
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-2858194
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1995
Construction
CONCRETE BLOCKS
Total area
6,569 SF
Lot
1.17 ac (50,965 SF)
Zoning code
B3
APN
C-17-37-30-A00-0110-0000
UPID
US18-2858194
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
$540k
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$525k
Owner & transaction history
South Highlands Hotels INC · 16 yrs held
South Highlands Hotels INC
since 2010
7 recorded transactions
Zoning & alternative use
B3 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$870,000
+13.4%
Retail stores
$865,000
+12.7%
Auto repair, garage
$835,000
+8.7%
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%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$770,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$865,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$835,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$650,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$80 / 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
Assessed value
$673,493
Assessed 2023
Previous assessed
$560,056
+20.3% YoY
Assessed improvement
$673,493
Improvement market value
$673,493
Total market value
$673,493
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1995
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
9
Bathrooms
13
Total area
6,569 SF
Lot
1.17 ac (50,965 SF)
Zoning code
B3
APN
C-17-37-30-A00-0110-0000
UPID
US18-2858194
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
HOTEL/MOTEL Current
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
RETAIL STORES
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$835,000
WAREHOUSE, STORAGE
Est. value
$650,000
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1995
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
13
Lot
1.17 ac
Current owner
From public records · entity-resolved
South Highlands Hotels INC
Entity
Mailing address
9481 GRAND ESTS WAY, BOCA RATON, FL 33496-1027
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
South Highlands Hotels INC
—
Deed
related
$55,000 · First Southern Bank
Mar 8, 2010
$1,770,000
South Highlands Hotels INC
South Highlands Investment Corporat
Warranty Deed
$1,770,000 · Wauchula State Bank
Oct 15, 2009
$3,525,900
South Highlands Inv Corp
Lake Placid Hospitality Corp
Warranty Deed
—
May 19, 2008
$1,225,000
Lake Placid Hospitality Corp
Lake Grassy Resort LLC
Quit Claim Deed
related
—
Sep 5, 2007
$1,975,000
Lake Grassy Resort LLC
Lake Placid Hospitality Corp
Warranty Deed
$1,225,000 · Lake Placid Hospitality Corp
Apr 2, 2007
$1,532,100
Lake Placid Hospitality Corp
Capital Investment Corp Of Sw Fl
Warranty Deed
—
Jan 5, 2006
$1,225,000
Capital Investment Corp Of Sw Fl
Lake Grassy Resort LLC
Warranty Deed
$291,000 · Lake Grassy Resort LLC
Mar 20, 2002
$800,000
Lake Grassy Resort LLC
Ponce,eduardo & Carmen
Grant Deed
$640,000 · 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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