Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
44 Commercial Blvd Lake Placid, FL 33852-7772
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2154714
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,100 SF
Lot
0.33 ac (14,375 SF)
Zoning code
I1
APN
C-32-36-30-010-0000-0030
UPID
US18-2154714
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
-
T M Scott Inc Roofing Co Roofing Company General Contractor
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
James Robert Ridgely III · 1 yrs held
James Robert Ridgely III
since 2024
Last sale
$360,000
7 recorded transactions
Zoning & alternative use
I1 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,621
Tax year 2023
Assessed value
$101,155
Assessed 2023
Previous assessed
$101,155
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$21,850
Assessed improvement
$79,305
Land market value
$21,850
Improvement market value
$79,305
Total market value
$101,155
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Bathrooms
2
Total area
2,100 SF
Lot
0.33 ac (14,375 SF)
Zoning code
I1
APN
C-32-36-30-010-0000-0030
UPID
US18-2154714
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.
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
James Robert Ridgely III
Individual
Free & Clear · 1 yrs held
Mailing address
880 SE 2ND AVE, DANIA, FL 33004-4167
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
$360,000
James Robert Ridgely III
Carl Thomas Wirth
Warranty Deed
—
Feb 5, 2020
—
Garl T Wirth SR.
—
Deed
related
—
Sep 19, 2019
—
Carl T Wirth
—
Deed
related
—
Sep 25, 2018
—
Carl T Wirth
—
Deed
related
—
Sep 29, 2017
—
Carl T Wirth
—
Deed
related
—
Sep 16, 2016
—
Carl T Wirth
—
Deed
related
—
Oct 23, 2008
—
Wirth,carl T & Joy E
—
Trustees Deed
related
$50,000 · Heartland Nat'l Bk
—
—
Carl T Wirth
—
Deed Of Trust
related
$316,666 · Heartland Nat'l Bk
—
—
Wirth,carl T
—
Loan Modification
related
$40,000 · Heartland Nat'l Bk
—
—
Carl T Wirth
—
Deed Of Trust
related
$161,310 · Heartland National Bank
—
—
Carl T Wirth
—
Loan Modification
related
—
—
—
Carl T Wirth
—
Loan Modification
related
—
—
—
Carl T Wirth
—
Loan Modification
related
—
—
—
Carl T Wirth
—
Loan Modification
related
$60,000 · Heartland Nat'l Bk
—
—
Thomas Wirth
—
Deed Of Trust
related
$85,707 · Heartland National Bank
—
—
Carl T Wirth
—
Loan Modification
related
—
—
—
Carl T Wirth
—
Loan Modification
related
—
—
—
Carl T Wirth
—
Loan Modification
related
—
—
—
Carl T Wirth
—
Deed Of Trust
related
$161,310 · Heartland National Bank
—
—
Garl T Wirth SR.
—
Loan Modification
related
—
—
—
Carl T Wirth
—
Deed Of Trust
related
—
—
—
Carl T Wirth
—
Loan Modification
related
—
—
—
Carl T Wirth
—
Deed Of Trust
related
$61,068 · Bank Of America
—
—
Carl T Wirth
—
Deed Of Trust
related
—
—
—
Carl T Wirth
—
Deed Of Trust
related
$50,636 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 44 Commercial Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
