Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Bowling alleys
800 Us 27th S Lake Placid, FL 33852-9516
Entity Owned
~
Est. High Equity
Property ID
US18-2844008
Property summary
AI-generated overview
This exceptional 22,000 square foot commercial building in Lake Placid, Florida, presents a unique investment opportunity. Located at 800 US 27, this 1993-built property boasts a high-traffic location across from other established franchise retailers. The building is currently configured for mixed-use purposes. A significant portion, approximately 7,000 square feet, is already leased to a restaurant/bar tenant. The remaining 15,000 square feet of climate-controlled space, previously a bowling alley, is currently used for the storage and sale of automobiles and motorcycles. This large area is separately fenced, offering flexibility and potential for various uses. The building's prime location and adaptable layout make it ideal for a variety of businesses, including auto sales (cars, motorcycles, RVs, boats), retail, or other commercial ventures. The asking price is $2,499,900. Serious inquiries only; please schedule an appointment to view. Do not disturb the current restaurant tenant. The property is situated in Lake Placid, Florida, zip code 33852.
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1993
Construction
FRAME
Total area
21,875 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C1
APN
P-06-37-30-020-0050-0000
UPID
US18-2844008
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
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
Legacy Holdings Of Highlands County
Legacy Holdings Of Highlands County
since 2025
Last sale
$2.0M
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
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
$1,270,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,165,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $2.00M (Jul 10 2025)
Last sale anchor
$2.00M
Jul 10 2025
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
$74 / 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
$21,985
Tax year 2023
Assessed value
$1,202,002
Assessed 2023
Previous assessed
$1,202,002
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$336,000
Assessed improvement
$866,002
Land market value
$336,000
Improvement market value
$866,002
Total market value
$1,202,002
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
12
Bathrooms
13
Total area
21,875 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C1
APN
P-06-37-30-020-0050-0000
UPID
US18-2844008
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
WAREHOUSE, STORAGE
Est. value
$2.2M
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
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
13
Lot
2.59 ac
Current owner
From public records · entity-resolved
Legacy Holdings Of Highlands County
Entity
Mailing address
1631 W MCNAB RD, POMPANO BEACH, FL 33069-4729
Ownership since
2025
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 10, 2025
$2,000,000
Legacy Holdings Of Highlands County
800 Lake Placid Investment LLC
Warranty Deed
$1,600,000 · Crews Bank & Trust
Mar 9, 2022
$1,200,000
800 Lake Placid Investment LLC
800 Us 27 S LLC
Warranty Deed
$600,000 · David H Greenberg Trust
Jan 3, 2012
$700,000
800 Us 27 S LLC
King Pin INC
Warranty Deed
—
Jun 10, 2003
$1,300,000
King Pin INC
Royal Palms Bowling Center INC
Grant Deed
$900,000 · Wauchula State Bank
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 800 Us 27th S?
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.
