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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
244 County Rd 621st E Lake Placid, FL 33852-9479
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-3571520
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,644 SF
Lot
0.34 ac (14,744 SF)
Zoning code
C2
APN
P-31-36-30-120-0000-0040
UPID
US18-3571520
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
Current use
Occupant on record · Public records
-
USA GROCERS CITGO Grocery & Convenience Store Food Market
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Brick Oven Pizzeria Restaurant
-
Citgo Gas Station
-
Quality 1 Car Wash Car Wash
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
244 Abbas INC · 11 yrs held
244 Abbas INC
since 2015
5 recorded transactions
Zoning & alternative use
C2 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C-2 Limited Commercial District is to provide areas for development of uses of land for all legal retail product sales and services normally located in a central business area.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
75.36 ac
Source
Realmo
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
$3,612
Tax year 2023
Assessed value
$203,754
Assessed 2023
Previous assessed
$203,754
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$29,488
Assessed improvement
$174,266
Land market value
$29,488
Improvement market value
$174,266
Total market value
$203,754
Applied tax rate
50.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
2
Bathrooms
0
Total area
1,644 SF
Lot
0.34 ac (14,744 SF)
Zoning code
C2
APN
P-31-36-30-120-0000-0040
UPID
US18-3571520
Jurisdiction
HIGHLANDS
Zoning & alternative use
C2 · Lake Placid, FLZoning C2 · permitted uses
C2 · Lake Placid, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the C-2 Limited Commercial District is to provide areas for development of uses of land for all legal retail product sales and services normally located in a central business area.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
75.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
0
Lot
0.34 ac
Current owner
From public records · entity-resolved
244 Abbas INC
Entity
Mailing address
244 COUNTY RD 621ST E, LAKE PLACID, FL 33852-9479
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2015
$600,000
244 Abbas INC
Brinkerhoff 411 Associates LLC
Grant Deed
$540,000 · State Bk&tr
Nov 22, 2011
—
Brinkerhoff 411 Associates LLC
Dbr Lease Exchange LLC
Quit Claim Deed
related
—
Nov 14, 2006
$550,000
Worldtrust LLC
Aj Petroleum II LLC
Warranty Deed
—
Jan 15, 2004
$295,000
Aj Petroleum II LLC
Sus Investments 111 INC
Warranty Deed
—
—
—
Alliance Petroleum USA INC
—
Deed Of Trust
related
$788,000 · 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.
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