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Property profile & analytics
OFF-MARKET Estimated value $2,265,000
Retail space

594 Us 27th N Lake Placid, FL 33852-9508

15,760 SF 1.13 ac lot Built 2003
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-4635814
Property summary
AI-generated overview

This exceptional free-standing retail building, situated at 594 US 27 N in Lake Placid, Florida, presents a unique investment opportunity. Boasting a substantial 16,851 square feet of space, this single-tenant building is ideally positioned on a 1.12-acre lot, ensuring high visibility and accessibility for customers. Constructed in 2003, the property features a single story design and offers ample parking with 25 spaces available. The building's prime location on US Highway 27 guarantees significant foot traffic and exposure, making it an attractive proposition for a variety of retail businesses. Utilities, including power, are readily available. The property's APN is P31363017000000020, and it is located within Highlands County, Florida, zip code 33852. This well-maintained building provides a spacious and modern environment, perfect for a retailer seeking to establish or expand their presence in this thriving community. The property's size and location make it an ideal choice for businesses looking to capitalize on the high traffic volume of US Highway 27. This is a rare opportunity to acquire a significant retail space in a desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction FRAME
Total area 15,760 SF
Lot 1.13 ac (49,223 SF)
Zoning code C1
APN P-31-36-30-170-0000-0020
UPID US18-4635814
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
$2.28M
CAP Approach CAP
$2.28M
Comparable Approach Comparable
$2.31M
Blend (final) Blend
$2.27M
Owner & transaction history
B2bp Retail LLC · 3 yrs held
B2bp Retail LLC
since 2022
Last sale
$2.2M
7 recorded transactions
2022
$2.2M
2018
$2,643
2016
Price N/A
2016
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C1 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.6M +8.7%
Office building $2.6M +8.1%
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