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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Auto shops
477 Cloverleaf Rd, Lake Placid, FL 33852-8971
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-5554295
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1986
Construction
FRAME
Total area
3,200 SF
Lot
0.8 ac (34,848 SF)
Zoning code
AU
APN
C-14-36-29-A00-0100-0000
UPID
US18-5554295
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
-
Costa Coast Trucking, Inc. Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$590k
Owner & transaction history
Sree Govardhan LLC · 13 yrs held
Sree Govardhan LLC
since 2013
6 recorded transactions
Zoning & alternative use
AU · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$525,000
+32.5%
Office building
$525,000
+31.8%
Retail stores
$485,000
+22.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$395,000
Current use
MEDICAL BUILDING
$525,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$485,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$425,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
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
$184 / 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
$6,487
Tax year 2023
Assessed value
$448,486
Assessed 2023
Previous assessed
$657,717
-31.8% YoY
Effective rate
1.45%
On assessed value
Assessed land
$282,405
Assessed improvement
$166,081
Total market value
$1,894,249
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
2
Bathrooms
2
Total area
3,200 SF
Lot
0.8 ac (34,848 SF)
Zoning code
AU
APN
C-14-36-29-A00-0100-0000
UPID
US18-5554295
Jurisdiction
HIGHLANDS
Zoning & alternative use
AU · Lake Placid, FL
Zoning AU · permitted uses
AU · 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
AUTO REPAIR, GARAGE Current
Est. value
$395,000
MEDICAL BUILDING
Est. value
$525,000
OFFICE BUILDING
Est. value
$525,000
RETAIL STORES
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$425,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1986
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Sree Govardhan LLC
Entity
Mailing address
10967 ROGERS CIR, JOHNS CREEK, GA 30097-1930
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2013
$2,000,000
Sree Govardhan LLC
Highlands Independent Bk
Grant Deed
$1,400,000 · Highlands Independent Bank
Jul 1, 2005
—
Grady Smoak Groves INC
—
Trustees Deed
related
$200,000 · Heartland National Bank
—
—
Grady Smoak Groves INC
—
Deed Of Trust
related
$650,000 · Highlands Independent Bank
—
—
Grady Smoak Groves INC
—
Deed Of Trust
related
$100,000 · Highlands Independent Bank
—
—
Grady Smoak Groves INC
—
Deed Of Trust
related
$350,000 · Highlands Independent Bank
—
—
Grady Smoak Groves INC
—
Deed Of Trust
related
$274,815 · Highlands Independent 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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