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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Manufacturing properties
3109 Old State Rd 8th 8 Lake Placid, FL 33852-5551
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0892235
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
FRAME
Total area
4,780 SF
Lot
4.47 ac (194,713 SF)
Zoning code
I2
APN
C-32-37-30-A00-0011-0000
UPID
US19-0892235
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
$615k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$560k
Owner & transaction history
Wood Rock Design Art INC · 2 yrs held
Wood Rock Design Art INC
since 2023
Last sale
$515,000
3 recorded transactions
Zoning & alternative use
I2 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$785,000
+46.3%
Office building
$780,000
+45.5%
Retail stores
$725,000
+34.6%
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
Method
Estimation
Statistic approach
$550,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$535,000
Current use
MEDICAL BUILDING
$785,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$635,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$595,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $515k (Dec 8 2023)
Last sale anchor
$515k
Dec 8 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$117 / SF
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
$5,320
Tax year 2023
Assessed value
$370,852
Assessed 2023
Previous assessed
$370,852
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$89,400
Assessed improvement
$281,452
Land market value
$89,400
Improvement market value
$281,452
Total market value
$370,852
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
1971
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
2
Bathrooms
7
Total area
4,780 SF
Lot
4.47 ac (194,713 SF)
Zoning code
I2
APN
C-32-37-30-A00-0011-0000
UPID
US19-0892235
Jurisdiction
HIGHLANDS
Zoning & alternative use
I2 · Lake Placid, FL
Zoning I2 · permitted uses
I2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$535,000
MEDICAL BUILDING
Est. value
$785,000
OFFICE BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$530,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
2
Bathrooms
7
Lot
4.47 ac
Current owner
From public records · entity-resolved
Wood Rock Design Art INC
Entity
Mailing address
3109 OLD STATE RD 8TH 8, LAKE PLACID, FL 33852-5551
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
$515,000
Wood Rock Design Art INC
Artemis Of Naples LLC
Warranty Deed
—
May 9, 2018
$272,300
L A & P Investors LLC
Bankruptcy Of Sycamore Hldgs LLC
Grant Deed
—
Oct 5, 2007
$400,000
Sycamore Holdings LLC
Independent Newspapers INC
Warranty Deed
$378,000 · Heartland Bank
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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