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    Property profile & analytics

    217 Main Ave Lake Placid, FL 33852-2607

    • Strip malls
    • 1,750 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Last Sale
    Sep 14, 2020
    $160,000
    Location Intelligence
    Property ID
    US18-4049604
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Olde Friends Gallery & Gifts / Gift Shop
    • The Perry Co. Boutique / Boutique

    Property Details for 217 Main Ave

    Year built
    1975
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    1,750 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    P-36-36-29-130-0040-0080
    APU
    P36362913000400080

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $180,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $170,000
      Mixed-Use
      $210,000
      Hospitality
      $220,000
      Educational
      $190,000
      Residential Income
      $170,000
      Energy
      $165,000
      Income-Based Land
      $160,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3671
    Latitude
    27.2996
    CBSA code
    42700
    CBSA name
    SEBRING, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,123
    $16,200
    $128,555
    $144,755
    -
    $16,200
    $128,555
    $144,755

    Comparable in this City

    • Value Estimation
      $205,000
      2,980 SF

      251 Interlake Blvd

      SHOPPING CENTER, STRIP CENTER • 2,980 SF
      251 Interlake Blvd, Lake Placid, FL 33852-9621
      View Details
    • Value Estimation
      $515,000
      11,419 SF

      200 Main Ave

      SHOPPING CENTER, STRIP CENTER • 11,419 SF
      200 Main Ave, Lake Placid, FL 33852-2606
      View Details
    • Value Estimation
      $230,000
      1,900 SF

      60 Tower St

      SHOPPING CENTER, STRIP CENTER • 1,900 SF
      60 Tower St, Lake Placid, FL 33852-3801
      View Details
    • Value Estimation by Request
      1,050 SF

      409 Plz Ave

      SHOPPING CENTER, STRIP CENTER • 1,050 SF
      409 Plz Ave, Lake Placid, FL 33852-9518
      View Details
    • Value Estimation
      $325,000
      1,020 SF

      211 Main Ave

      SHOPPING CENTER, STRIP CENTER • 1,020 SF
      211 Main Ave, Lake Placid, FL 33852-2607
      View Details
    • Value Estimation
      $90,000
      1,050 SF

      413 Plz Ave

      SHOPPING CENTER, STRIP CENTER • 1,050 SF
      413 Plz Ave, Lake Placid, FL 33852-9518
      View Details

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    Lake Placid, FL 33852-2607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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