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Financial
Distress signals
Property profile

346 E Royal Palm St Lake Placid, FL 33852

FOR LEASE
Medical Office Space
Property ID
US18-3493728
6,248 SF 0.91 ac lot Built 1996
Last sale Apr 2010 · $755,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 6,200-square-foot medical facility in Lake Placid, Florida, previously used for physical therapy. It is situated on US 27 Highway and provides vehicle access with a full median turn. The site is described as having an average daily traffic count of 20,400, the highest in Lake Placid. The building is reported to be well maintained, with a roof approximately 6 years old and an air-conditioning system approximately 1 year old, and the parking area has been resealed. The building is configured for medical/clinic use and is offered in a vacant condition.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$773k
Assessed land$200k
Assessed improvement$574k
Effective rate1.69%

Value estimate

· Oct 2026
$630k
$567k – $693k
CAP approach$835k
Submarket $/SF estimate$438k
NOI build-up
Gross scheduled income$101k
Vacancy & credit loss−$11k
Operating expenses−$36k
NOI · 657.48% cap applied$54k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$164/SF
County average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$84 – $229

Cap rate analysis

How does the asset earn?
657.48%
$54k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
The purpose of the C-1 Highway Commercial District is to provide for commercial uses of land and buildings along highway frontage.
General categoryCOMMERCIAL
JurisdictionHIGHLANDS

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service8.4
Butcher8.2
Convenience Store8.0

Location

346 E Royal Palm St Lake Placid, FL 33852
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 9 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
312 Dal Hall, Lake Placid, FL 33852-5405 $375,000 Jan 2025 1,716 SF
13 Main, Lake Placid, FL 33852-2603 $265,000 Jan 2024 1,415 SF
211 Us 27th S, Lake Placid, FL 33852-7920 $75,000 Oct 2021 3,150 SF
316 Interlake, Lake Placid, FL 33852-9653 $60,000 Aug 2021 2,000 SF
225 Us 27th S, Lake Placid, FL 33852-7920 $475,000 Feb 2020 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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