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    Property profile & analytics

    316 Interlake Blvd Lake Placid, FL 33852-9653

    • Medical offices
    • 2,000 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    $85,000
    Last Sale
    Aug 23, 2021
    $60,000
    Location Intelligence
    Property ID
    US18-4248584
    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

    • Millennium Physician Group - Lake Placid Primary-Care / Medical Clinic
    • Christina Cole, APRN / General Practitioner / Nurse Practitioner
    • Neil Shechtman, MD / Internist
    • Neil Stuart Shechtman / Internist

    Property Details for 316 Interlake Blvd

    Year built
    2004
    Construction
    CONCRETE BLOCKS
    Lot size
    0.43 lot acres
    Property size
    2,000 SF
    Zone code
    C2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    P-36-36-29-210-00A0-0061
    APU
    P36362921000A00061

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $80,000

    • CAP approach

      CAP return
      Estimation
      6%
      $85,000
      6.5%
      $80,000
      7%
      $85,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $85,000
      Geo Method
      $100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $90,000
      Retail
      $105,000
      Mixed-Use
      $95,000
      Hospitality
      $95,000
      Educational
      $90,000
      Residential Income
      $105,000
      Energy
      $100,000
      Income-Based Land
      $90,000
      Food Service
      $95,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3703
    Latitude
    27.2977
    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
    $5,664
    $76,160
    $265,231
    $341,391
    -
    $76,160
    $265,231
    $341,391

    Comparable in this City

    • Value Estimation
      $245,000
      2,622 SF

      511 Interlake Blvd

      MEDICAL BUILDING • 2,622 SF
      511 Interlake Blvd, Lake Placid, FL 33852-0703
      View Details
    • Value Estimation
      $330,000
      4,123 SF

      408 Interlake Blvd

      MEDICAL BUILDING • 4,123 SF
      408 Interlake Blvd, Lake Placid, FL 33852-0700
      View Details
    • Value Estimation
      $270,000
      1,415 SF

      13 Main Ave

      MEDICAL BUILDING • 1,415 SF
      13 Main Ave, Lake Placid, FL 33852-2603
      View Details
    • Value Estimation
      $395,000
      4,500 SF

      401 Interlake Blvd

      MEDICAL BUILDING • 4,500 SF
      401 Interlake Blvd, Lake Placid, FL 33852-0701
      View Details
    • Value Estimation
      $330,000
      3,920 SF

      201 Us 27th S

      MEDICAL BUILDING • 3,920 SF
      201 Us 27th S, Lake Placid, FL 33852-7904
      View Details
    • Value Estimation
      $450,000
      6,248 SF

      344 Royal Palm St Ste, Unit 1

      MEDICAL BUILDING • 6,248 SF
      344 Royal Palm St Ste, Lake Placid, FL 33852-5020
      View Details

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    Similar Nearby for Lease

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      View Details
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    Lake Placid, FL 33852-9653
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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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