Technical
Financial
Distress signals
Property profile

303 State Rd 70th E Lake Placid, FL 33852

OFF-MARKET
Retail space
Property ID
US18-2481913
4,096 SF 3 ac lot Built 1972
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Construction CONCRETE BLOCKS
Total area 4,096 SF
Lot 3 ac (130,680 SF)
Zoning code CG3
APN C-04-38-30-020-00A0-0000
UPID US18-2481913

Cap rate & NOI

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

Location

303 State Rd 70th E Lake Placid, FL 33852-9255
Lake Placid metro Census 961601 SEBRING, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
$590k
Comparable Approach Comparable
$876k
Blend (final) Blend
$900k

Owner & transaction history

since 2015
7 recorded transactions
2024
Price N/A
2015
$8.0M
2013
Price N/A
2010
$893,100
2004
$3.4M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CG3 · Lake Placid, FL
Top alternative use upside
Medical building $675,000 +8.7%
Office building $670,000 +8.1%

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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