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Property profile & analytics
OFF-MARKET
Estimated value
$8,370,000
Grocery and convenience stores
490 Us 27th N Ste 1280 Lake Placid, FL 33852-7923
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4653559
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2017
Construction
CONCRETE BLOCKS
Total area
44,339 SF
Lot
14.5 ac (631,620 SF)
Zoning code
C1
APN
P-31-36-30-A00-0142-0000
UPID
US18-4653559
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
$6.41M
Comparable Approach
Comparable
$9.49M
Blend (final)
Blend
$8.37M
Owner & transaction history
Publix Super Market LLC · 2 yrs held
Publix Super Market LLC
since 2023
4 recorded transactions
Zoning & alternative use
C1 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C-1 Highway Commercial District is to provide for commercial uses of land and buildings along highway frontage.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
173.85 ac
Source
Realmo
Top alternative use upside
Restaurant
$11.1M
+64.8%
Medical building
$7.3M
+8.7%
Office building
$7.3M
+8.1%
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%
$6,945,000
6.5%
$6,410,000
7%
$5,955,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,710,000
Current use
RESTAURANT
$11,055,000
Change: +65% · Conversion: Easy
MEDICAL BUILDING
$7,290,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$7,250,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$5,895,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,500,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$8.37M
Range $7.53M – $9.21M · ±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
$189 / 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
$188,377
Tax year 2023
Assessed value
$11,367,194
Assessed 2023
Previous assessed
$9,956,617
+14.2% YoY
Effective rate
1.66%
On assessed value
Assessed land
$1,232,776
Assessed improvement
$10,134,418
Land market value
$1,232,776
Improvement market value
$10,134,418
Total market value
$11,367,194
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2017
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Buildings
6
Stories
1
Rooms
3
Bathrooms
11
Total area
44,339 SF
Lot
14.5 ac (631,620 SF)
Zoning code
C1
APN
P-31-36-30-A00-0142-0000
UPID
US18-4653559
Jurisdiction
HIGHLANDS
Zoning & alternative use
C1 · Lake Placid, FLZoning C1 · permitted uses
C1 · 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-1 Highway Commercial District is to provide for commercial uses of land and buildings along highway frontage.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
173.85 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.7M
RESTAURANT
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$7.3M
OFFICE BUILDING
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
2017
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Rooms
3
Bathrooms
11
Lot
14.5 ac
Current owner
From public records · entity-resolved
Publix Super Market LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3300 PUBLIX CORPORATE PKWY, LAKELAND, FL 33811-3311
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
—
Publix Super Market LLC
The Town Of Lake Placid
Deed
—
Aug 2, 2022
—
Town Of Lake Placid
Publix Super Markets INC
Intrafamily Transfer
related
—
Aug 31, 2015
$3,050,000
Publix Super Markets INC
Smoak Mason G JR Trust
Grant Deed
—
Nov 24, 2009
—
Mason G Smoak
Smoak John F III & S H
Quit Claim 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.
Try Rey
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