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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Assisted living facilities
93 Balmoral Dr Lake Placid, FL 33852-7000
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2918716
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2007
Construction
CONCRETE BLOCKS
Total area
62,102 SF
Lot
3.68 ac (160,301 SF)
Zoning code
PCD
APN
P-32-36-30-A00-0190-0000
UPID
US18-2918716
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
-
Balmoral Assisted Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.34M
Owner & transaction history
Balmoral Senior Living LLC · 3 yrs held
Balmoral Senior Living LLC
since 2023
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
PCD · Lake Placid, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Commercial Development (PCD) District is intended to provide a flexible approach for unique and innovative land development proposals.
Zone name
Planned Commercial Development
General category
COMMERCIAL
Zone area
34.09 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
$3,335,000
ML approach
$4,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±10% · vs last sale $3.12M (Jul 7 2023)
Last sale anchor
$3.12M
Jul 7 2023
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
$54 / 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
$142,015
Tax year 2023
Assessed value
$10,322,022
Assessed 2023
Previous assessed
$6,741,307
+53.1% YoY
Effective rate
1.38%
On assessed value
Assessed land
$138,000
Assessed improvement
$10,184,022
Land market value
$138,000
Improvement market value
$10,184,022
Total market value
$10,322,022
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2007
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
126
Bathrooms
1
Total area
62,102 SF
Lot
3.68 ac (160,301 SF)
Zoning code
PCD
APN
P-32-36-30-A00-0190-0000
UPID
US18-2918716
Jurisdiction
HIGHLANDS
Zoning & alternative use
PCD · Lake Placid, FLZoning PCD · permitted uses
PCD · Lake Placid, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Commercial Development (PCD) District is intended to provide a flexible approach for unique and innovative land development proposals.
Zone name
Planned Commercial Development
General category
COMMERCIAL
Zone area
34.09 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
126
Bathrooms
1
Lot
3.68 ac
Current owner
From public records · entity-resolved
Balmoral Senior Living LLC
Entity
Mailing address
5801 ULMERTON RD, CLEARWATER, FL 33760-3905
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
$3,120,000
Balmoral Senior Living LLC
Gahc4 Balmoral Fl Sh LLC
Special Warranty Deed
$4,063,776 · Vast Bank NA
Nov 6, 2017
$690,000
Gahc4 Balmoral Fl Sh LLC
Nic 4 Balmoral Owner LLC
Grant Deed
—
Nov 6, 2017
$3,857
Gahc4 Balmoral Fl Sh LLC
Nic 4 Balmoral Owner LLC
Quit Claim Deed
related
—
Aug 7, 2013
$13,050,000
Nic 4 Balmoral Owner LLC
Balmoral Assisted Living LLC
Grant Deed
$114,250,000 · General Electric Capital Corp
Jun 3, 2011
$4,400,000
Balmoral Assisted Living LLC
Sentinel Capital Funding INC
Grant Deed
$5,700,000 · Usameribank
Sep 16, 2010
—
Newcastle Townhomes Owners As
Houghton INC
Quit Claim Deed
related
—
Jan 17, 2008
$159,900
Flanagan Marilyn A Trust
Houghton INC
Warranty Deed
—
Mar 8, 2006
$249,900
Richard I Thompson
Houghton INC
Warranty Deed
—
—
—
Houghton INC
—
Deed Of Trust
related
$1,250,000 · Highlands Independent Bank
—
—
Houghton INC
—
Deed Of Trust
related
$250,000 · Highlands Independent 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.
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