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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Parking lots & garages
404 Hibiscus St Lake Placid, FL 33852
Entity Owned
Free & Clear
Property ID
US18-2347997
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1930
Total area
957 SF
Lot
0.16 ac (6,800 SF)
Zoning code
R1A
APN
P-06-37-30-090-0020-0060
UPID
US18-2347997
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Gulf Atlantic Bank
Gulf Atlantic Bank
since 2026
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
R1A · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-1A Single-Family Dwelling District is to provide for areas of highly restricted single-family dwelling use, along with the necessary and incidental accessory uses and uses characteristic and accepted with, but not detrimental to the principal uses.
Zone name
Single Family Dwelling
General category
RESIDENTIAL
Zone area
380.51 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
$1,369 / 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
$112
Tax year 2023
Assessed value
$5,013
Assessed 2023
Previous assessed
$4,807
+4.3% YoY
Effective rate
2.23%
On assessed value
Assessed land
$2,590
Assessed improvement
$2,423
Land market value
$2,590
Improvement market value
$2,423
Total market value
$5,013
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1930
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
957 SF
Lot
0.16 ac (6,800 SF)
Zoning code
R1A
APN
P-06-37-30-090-0020-0060
UPID
US18-2347997
Jurisdiction
HIGHLANDS
Zoning & alternative use
R1A · Lake Placid, FLZoning R1A · permitted uses
R1A · 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 R-1A Single-Family Dwelling District is to provide for areas of highly restricted single-family dwelling use, along with the necessary and incidental accessory uses and uses characteristic and accepted with, but not detrimental to the principal uses.
Zone name
Single Family Dwelling
General category
RESIDENTIAL
Zone area
380.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1930
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Gulf Atlantic Bank
Entity
Free & Clear · 0 yrs held
Mailing address
1918 W CASS ST, TAMPA, FL 33606-1232
Ownership since
2026
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
Jan 9, 2026
$1,150,000
Gulf Atlantic Bank
Rocwell Royal Palm LLC
Special Warranty Deed
—
Nov 20, 2023
—
Rocwell Royal Palm LLC
Southstate Bank NA
Quit Claim Deed
related
—
May 28, 2019
$2,082,244
Really Placid Pooh LLC
Gh & G Lake Placid LLC
Grant Deed
—
May 23, 2018
$340,000
Gh & G Lake Placid LLC
Stiles Joe M JR Trust
Trustees Deed
$1,250,000 · Synovus Bk
Jun 7, 2007
—
Highlands Independent Bank
Baucom,jeffrey W & Anita M
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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