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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Manufacturing properties
332 Tobler NW Ter Lake Placid, FL 33852-5627
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0509672
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2014
Construction
FRAME
Total area
5,850 SF
Lot
0.45 ac (19,500 SF)
Zoning code
I1
APN
C-14-37-29-300-1980-0050
UPID
US19-0509672
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
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$905k
Owner & transaction history
131 Atherton LLC · 3 yrs held
131 Atherton LLC
since 2023
Last sale
$900,000
6 recorded transactions
Zoning & alternative use
I1 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+121.8%
Medical building
$960,000
+46.3%
Office building
$955,000
+45.5%
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
$965,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$655,000
Current use
RESTAURANT
$1,460,000
Change: +122% · Conversion: Difficult
MEDICAL BUILDING
$960,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$885,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$780,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $900k (Jun 28 2023)
Last sale anchor
$900k
Jun 28 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
$155 / 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
$5,182
Tax year 2023
Assessed value
$352,554
Assessed 2023
Previous assessed
$300,229
+17.4% YoY
Effective rate
1.47%
On assessed value
Assessed land
$30,500
Assessed improvement
$322,054
Land market value
$30,500
Improvement market value
$322,054
Total market value
$352,554
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
2014
Construction
FRAME
Heating
NONE
Stories
2
Rooms
3
Bathrooms
5
Total area
5,850 SF
Lot
0.45 ac (19,500 SF)
Zoning code
I1
APN
C-14-37-29-300-1980-0050
UPID
US19-0509672
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$655,000
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$960,000
OFFICE BUILDING
Est. value
$955,000
RETAIL STORES
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
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
2014
Construction
FRAME
Heating
NONE
Stories
2
Rooms
3
Bathrooms
5
Lot
0.45 ac
Current owner
From public records · entity-resolved
131 Atherton LLC
Entity
Mailing address
131 ATHERTON AVE NW, LAKE PLACID, FL 33852-6522
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2023
$900,000
131 Atherton LLC
Tobler Terrace LLC
Warranty Deed
$1,526,000 · Locality Bank
Jul 28, 2009
$56,600
C & M Marine Products INC
Afv Auto Salvage Corp
Deed In Lieu Of Foreclosure
related
—
Dec 9, 2008
$119,900
Afv Auto Salvage Corp
C & M Marine Products INC
Warranty Deed
$114,900 · C&m Marine Products INC
Dec 7, 2005
$105,000
C & M Marine Products INC
Desims INC
Warranty Deed
$78,750 · Highlands Independent Bank
Sep 14, 2005
$65,000
Desims INC
Wright,john E
Warranty Deed
—
—
—
C & M Marine Products INC
—
Deed Of Trust
related
$195,000 · Highlands Independent 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.
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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