Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    504 Interlake Blvd Lake Placid, FL 33852-0702
    Property profile & analytics

    504 Interlake Blvd, Lake Placid, FL 33852-0702

    View on Map
    • Specialty properties
    • 5,012 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US18-5152435
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Scott Seawinds Funeral Home & Crematory / Social Service Agency

    Property Details for 504 Interlake Blvd

    Year built
    1976
    Construction
    FRAME
    Lot size
    0.37 lot acres
    Zone code
    C2
    Property type
    Specialty properties
    APN
    P-36-36-29-070-0000-0070
    APU
    P36362907000000070

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 31, 2019 — Stonemor Florida Subsidiary Ll — Loan Modification · related $385M · Wilmington Tr NA
    Dec 6, 2016 — Stonemor Florida Subsidiary Ll — Deed · related $310M · Capital One NA
    Oct 1, 2012 — Stonemor Fl Subsidiary LLC — Deed Of Trust · related $130M · Bank Of America
    May 26, 2011 — Stonemor Fl Subsidiary LLC — Deed Of Trust · related $120M · Bank Of America
    Nov 7, 2006 — Scott Peggy I Living Trust Scott,peggy I Quit Claim Deed · related —
    — — Stonemor Florida Subsidiary Ll — Deed Of Trust · related $310M · Capital One NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Highlands
    State
    Florida
    Longitude
    -81.3731
    Latitude
    27.2969
    CBSA code
    42700
    CBSA name
    SEBRING, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,975
    $48,000
    $430,218
    $478,218
    -
    $48,000
    $430,218
    $478,218

    Comparable in this City

    • Value Estimation by Request
      900 SF

      106 Washington St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      106 Washington St, Lake Placid, FL 33852-9455
      View Details
    • Value Estimation by Request

      765 County Road 29

      Specialty properties
      765 County Road 29, Lake Placid, FL 33852
      View Details
    • Value Estimation by Request
      1,125 SF

      110 Marina Rv Dr, Unit 1

      PROFESSIONAL CLUBS/ASSOCIATIONS
      110 Marina Rv Dr, Lake Placid, FL 33852-7212
      View Details
    • Value Estimation by Request
      3,404 SF

      125 Park St

      FUNERAL HOME
      125 Park St, Lake Placid, FL 33852-6362
      View Details
    • Value Estimation by Request
      3,956 SF

      100 Shoreline Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      100 Shoreline Dr, Lake Placid, FL 33852-5060
      View Details
    • Value Estimation by Request
      2,390 SF

      10 Lk June Clb House Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      10 Lk June Clb House Rd, Lake Placid, FL 33852-7762
      View Details

    Similar Nearby for Sale

    • $149,500
      5.00 Acres

      Lake Placid Commercial Land - 5 Acres

      Prime 5-acre commercial lot near Lake Francis.
      108 Lake Francis Rd, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      0.20 Acres

      Land in Lake Placid, FL

      0.2-acre B1-zoned land suitable for various commercial uses.
      731 County Road 29, Lake Placid, FL 33852
      View Details
    • Contact for pricing

      Placid Lakes Airport Hangar Homesite

      Homesite on Placid Lakes Airport runway, South Central Florida.
      667 Seneca Dr NW, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      0.20 Acres

      Land in Lake Placid, FL

      Land zoned B1 suitable for various retail and service businesses.
      961 County Road 29, Lake Placid, FL 33852
      View Details

    Similar Nearby for Lease

    • $32,028
      2,107 SF

      Retail Space in Lake Placid

      Retail space available for lease in Lake Placid, Florida.
      308 Dal Hall Blvd, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      19,200 SF

      Prime Commercial Unit in Lake Placid

      Commercial unit in a sought-after Lake Placid business center.
      127 Tower St, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      288 SF

      Small Warehouse/Contractor Bays For Lease

      Small warehouse/contractor bays for lease in Lake Placid, Florida.
      6-1180 County Road 621 E, Lake Placid, FL 33852
      View Details
    • $3,200 /Mo
      2,400 SF

      Commercial Rental in Lake Placid

      Commercial rental space located off US 27 S in Florida.
      830 Us Highway 27 S, Lake Placid, FL 33852
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    504 Interlake Blvd
    Lake Placid, FL 33852-0702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    504 Interlake Blvd, Lake Placid, FL, 33852
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!