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Property profile & analytics
OFF-MARKET
Manufacturing properties
220 Atherton NW Ave 1 Lake Placid, FL 33852-6521
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4554425
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
FRAME
Total area
4,800 SF
Lot
0.82 ac (35,640 SF)
Zoning code
I1
APN
C-14-37-29-300-1990-0040
UPID
US18-4554425
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
R E D I Lake Placid LLC · 4 yrs held
R E D I Lake Placid LLC
since 2021
Last sale
$400,000
6 recorded transactions
Zoning & alternative use
I1 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$6,243
Tax year 2023
Assessed value
$402,678
Assessed 2023
Previous assessed
$402,678
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$36,000
Assessed improvement
$366,678
Land market value
$36,000
Improvement market value
$366,678
Total market value
$402,678
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
NONE
Buildings
4
Stories
1
Rooms
5
Bathrooms
2
Total area
4,800 SF
Lot
0.82 ac (35,640 SF)
Zoning code
I1
APN
C-14-37-29-300-1990-0040
UPID
US18-4554425
Jurisdiction
HIGHLANDS
Zoning & alternative use
I1 · Lake Placid, FL
Zoning I1 · permitted uses
I1 · 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.
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
NONE
Stories
1
Buildings
4
Rooms
5
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
R E D I Lake Placid LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 39619, FORT LAUDERDALE, FL 33339-9619
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2021
$272,400
R E D I Lake Placid LLC
Placid Lakes Storage LLC
Correction Deed
related
—
Aug 25, 2021
$400,000
R E D I Lake Placid LLC
Placid Lakes Storage LLC
Warranty Deed
$250,000 · Jo Engel
Sep 27, 2017
$285,000
Placid Lakes Storage LLC
Williams,sharon K
Warranty Deed
$290,000 · William Fleischer
Aug 18, 2014
$150,000
Jack R Williams
Wells Fargo Bk NA
Grant Deed
$105,000 · Midflorida FCU
Aug 19, 2004
$29,900
Curtis P Sherrod
Bollman,william F
Warranty Deed
—
—
—
Curtis P Sherrod
—
Deed Of Trust
related
$560,000 · Wachovia Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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