Property profile

1994 Placid Lks Blvd Lake Placid, FL 33852

OFF-MARKET
Strip malls
Property ID
US18-1923862
6,280 SF 5.07 ac lot Built 1977
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1977
Construction CONCRETE BLOCKS
Total area 6,280 SF
Lot 5.07 ac (220,849 SF)
Zoning code B3
APN C-14-37-29-090-00B0-0000
UPID US18-1923862

Cap rate & NOI

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

Location

1994 Placid Lks Blvd Lake Placid, FL 33852-6620
Lake Placid metro Census 961605 SEBRING, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
$950k
Comparable Approach Comparable
$633k
Blend (final) Blend
$450k

Owner & transaction history

since 2009
4 recorded transactions
2022
Price N/A
2021
Price N/A
2009
$500,000
2002
$225,000

Zoning & alternative use

B3 · Lake Placid, FL
Top alternative use upside
Medical building $1.0M +48.6%
Office building $1.0M +47.8%
Retail stores $950,000 +36.8%

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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