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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Motels
418 Plz Ave Lake Placid, FL 33852-9521
Entity Owned
Free & Clear
Property ID
US18-9485238
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
CONCRETE BLOCKS
Total area
2,800 SF
Lot
0.21 ac (9,000 SF)
Zoning code
R2
APN
P-31-36-30-080-0030-0030
UPID
US18-9485238
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
-
A Sunset To Remember. Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Placid Heights LLC
Placid Heights LLC
since 2026
Last sale
$763,000
7 recorded transactions
Zoning & alternative use
R2 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$595,000
+81.9%
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
$765,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$595,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $763k (Feb 8 2024)
Last sale anchor
$763k
Feb 8 2024
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
$273 / 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
$1,458
Tax year 2023
Assessed value
$71,323
Assessed 2023
Previous assessed
$71,323
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$15,000
Assessed improvement
$56,323
Land market value
$15,000
Improvement market value
$56,323
Total market value
$71,323
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
10
Total area
2,800 SF
Lot
0.21 ac (9,000 SF)
Zoning code
R2
APN
P-31-36-30-080-0030-0030
UPID
US18-9485238
Jurisdiction
HIGHLANDS
Zoning & alternative use
R2 · Lake Placid, FL
Zoning R2 · permitted uses
R2 · 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
COMMERCIAL (GENERAL)
Est. value
$595,000
COMMERCIAL (GENERAL)
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
1972
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
10
Lot
0.21 ac
Current owner
From public records · entity-resolved
Placid Heights LLC
Entity
Free & Clear · 0 yrs held
Mailing address
352 17TH ST, VERO BEACH, FL 32960-5690
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
$561,000
Placid Heights LLC
K & M Capital LLC
Warranty Deed
—
Feb 8, 2024
$763,000
K&m Capital LLC
9057lyons LLC
Warranty Deed
—
Jan 10, 2020
—
9057lyons LLC
A & M Prop Of Lk Placid INC
Correction Deed
related
—
May 11, 2017
$3,862,500
9057lyons LLC
A & M Props Of Lake Placid INC
Warranty Deed
$775,000 · A & M Properties/lk Placid INC
Sep 2, 2014
$75,000
A & M Properties Of Lake Placid INC
Brown,julie
Grant Deed
$91,500 · Midflorida FCU
May 7, 2012
—
Land Trust 207709
Gervais Dev Corp
Warranty Deed
—
Nov 1, 2010
—
Gervais Dev Corp
Hallmark Capital Inv Corp
Quit Claim Deed
related
—
Nov 21, 2008
$215,000
Hallmark Capital Inv Corp
Monty,richard & Maria
Warranty Deed
—
Sep 8, 2004
$219,000
Richard Monty
Walha,sandeep
Warranty Deed
$122,362 · Heartland National 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.
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