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Property profile & analytics
OFF-MARKET
Medical Office Space
401 Interlake Blvd Lake Placid, FL 33852-0701
Trust Owned
19-yr Hold
Free & Clear
Property ID
US18-0149760
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
CONCRETE BLOCKS
Total area
4,500 SF
Lot
0.42 ac (18,352 SF)
Zoning code
C2
APN
P-36-36-29-160-0050-0190
UPID
US18-0149760
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
Current use
Occupant on record · Public records
-
Dr. Cindy Harris Pediatrician Physician
-
Heartland Cardiology Group Pa Physician
-
Gate World Corporation Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stewart B C Living Trust · 19 yrs held
Stewart B C Living Trust
since 2006
5 recorded transactions
Zoning & alternative use
C2 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C-2 Limited Commercial District is to provide areas for development of uses of land for all legal retail product sales and services normally located in a central business area.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
75.36 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,766
Tax year 2023
Assessed value
$524,576
Assessed 2023
Previous assessed
$473,506
+10.8% YoY
Effective rate
1.67%
On assessed value
Assessed land
$33,480
Assessed improvement
$491,096
Land market value
$33,480
Improvement market value
$491,096
Total market value
$524,576
Applied tax rate
50.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
22
Bathrooms
2
Total area
4,500 SF
Lot
0.42 ac (18,352 SF)
Zoning code
C2
APN
P-36-36-29-160-0050-0190
UPID
US18-0149760
Jurisdiction
HIGHLANDS
Zoning & alternative use
C2 · Lake Placid, FLZoning C2 · permitted uses
C2 · Lake Placid, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the C-2 Limited Commercial District is to provide areas for development of uses of land for all legal retail product sales and services normally located in a central business area.
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
75.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
22
Bathrooms
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Stewart B C Living Trust
Trust
Free & Clear · 19 yrs held
Mailing address
310 25TH AVE N STE #305, NASHVILLE, TN 37203-6528
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2006
$600,000
Stewart B C Living Trust
Mehra Rachna Loving Trust
Warranty Deed
—
Jul 12, 2006
—
Mehra Rachna Loving Trust
—
Trustees Deed
related
$150,000 · Heartland National Bank
Mar 29, 2004
—
Mehra,tr
—
Trustees Deed
related
$365,000 · Heartland National Bank
Jun 16, 2003
$72,000
Mehra,tr
Distefano,richard
Grant Deed
$71,000 · Heartland National Bank
Nov 8, 2002
$29,000
Richard Distefano
Nielander,william J
Grant Deed
—
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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