Property profile

702 Us 27th S Lake Placid, FL 33852

OFF-MARKET
Turn key restaurants
Property ID
US18-3568608
2,240 SF 0.66 ac lot Built 1978
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Construction FRAME
Total area 2,240 SF
Lot 0.66 ac (28,600 SF)
Zoning code C1
APN P-06-37-30-020-0020-0000
UPID US18-3568608

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

702 Us 27th S Lake Placid, FL 33852-9515
Lake Placid metro Census 961604 SEBRING, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.42M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.45M

Owner & transaction history

since 2023
Last sale
$1.4M
6 recorded transactions
2023
$1.4M
2021
$625,000
2019
$350,000
2019
$255,000
2011
$462,400
1969
Price N/A

Zoning & alternative use

C1 · Lake Placid, FL
Zoning description

The purpose of the C-1 Highway Commercial District is to provide for commercial uses of land and buildings along highway frontage.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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