New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,860,000
Motels
608 Lakeview Rd Lake Placid, FL 33852-6811
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-3873700
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2007
Construction
FRAME
Total area
50,712 SF
Lot
2.32 ac (101,059 SF)
Zoning code
C1
APN
P-31-36-30-A00-0520-0000
UPID
US18-3873700
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
-
Holiday Inn Express & Suites Lake Placid, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.17M
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$4.86M
Owner & transaction history
Brian Donahue · 1 yrs held
Brian Donahue
since 2024
7 recorded transactions
Zoning & alternative use
C1 · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+27.7%
Restaurant
$6.8M
+14.6%
Neighborhood: shopping center
$6.7M
+13.4%
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%
$4,515,000
6.5%
$4,170,000
7%
$3,870,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,930,000
Current use
OFFICE BUILDING
$7,575,000
Change: +28% · Conversion: Difficult
RESTAURANT
$6,795,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,730,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$6,685,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,445,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,015,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.86M
Range $4.37M – $5.35M · ±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
$96 / 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
$82,212
Tax year 2023
Assessed value
$7,330,104
Assessed 2023
Previous assessed
$4,476,208
+63.8% YoY
Effective rate
1.12%
On assessed value
Assessed improvement
$7,330,104
Improvement market value
$7,330,104
Total market value
$7,330,104
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Rooms
79
Bathrooms
1
Total area
50,712 SF
Lot
2.32 ac (101,059 SF)
Zoning code
C1
APN
P-31-36-30-A00-0520-0000
UPID
US18-3873700
Jurisdiction
HIGHLANDS
Zoning & alternative use
C1 · Lake Placid, FL
Zoning 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
Lake Placid. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.9M
OFFICE BUILDING
Est. value
$7.6M
RESTAURANT
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
RETAIL STORES
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$5.0M
HOTEL/MOTEL Current
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Rooms
79
Bathrooms
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
Brian Donahue
Individual
Free & Clear · 1 yrs held
Mailing address
608 S LAKEVIEW RD, LAKE PLACID, FL 33852-6811
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
—
Brian Donahue
Hotel Lake Placid LLC
Warranty Deed
—
Aug 23, 2022
—
Hotel Lake Placid LLC
—
Deed
related
$1,865,020 · Shamez Kassam Etal
Aug 15, 2019
—
Hotel Lake Placid LLC
—
Deed
related
—
Jul 19, 2018
$4,800,000
Hotel Lake Placid LLC
Empirical Group III LLC
Special Warranty Deed
$150,000 · Heartland National Bank
Dec 29, 2016
—
Empirical Group III LLC
—
Deed
related
—
Jan 11, 2008
—
Empirical Group INC
Empirical Group III LLC
Quit Claim Deed
related
—
Sep 7, 2006
—
Empirical Group III LLC
—
Trustees Deed
related
$5,000,000 · Heartland Nat'l Bk
Aug 15, 2006
—
Empirical Group INC
Empirical Group III LLC
Quit Claim Deed
related
—
Jul 26, 2006
$775,000
Empirical Group III
Empirical Group INC
Warranty Deed
—
Apr 13, 2005
$565,000
Empirical Group INC
Yarbrough Tire Service INC
Warranty Deed
$452,000 · Heartland National Bank
—
—
Hotel Lake Placid LLC
—
Loan Modification
related
—
—
—
Empirical Group III LLC
—
Deed Of Trust
related
—
—
—
Empirical Group III LLC
—
Loan Modification
related
—
—
—
Empirical Group III
—
Deed Of Trust
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
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 608 Lakeview Rd?
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.
