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Property profile & analytics
OFF-MARKET
Estimated value
$315,000
Auto shops
960 Us 27th S Lake Placid, FL 33852-9517
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-5454842
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1950
Construction
CONCRETE BLOCKS
Total area
2,860 SF
Lot
0.77 ac (33,575 SF)
Zoning code
C1
APN
P-06-37-30-A00-0410-0000
UPID
US18-5454842
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
$315k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$315k
Owner & transaction history
Marcelino Cornejo · 1 yrs held
Marcelino Cornejo
since 2025
7 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
by Request
ML approach
$315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$315k
Range $284k – $347k · ±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
$110 / 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
$3,665
Tax year 2023
Assessed value
$201,022
Assessed 2023
Previous assessed
$201,022
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$60,435
Assessed improvement
$140,587
Land market value
$60,435
Improvement market value
$140,587
Total market value
$201,022
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1950
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Stories
1
Rooms
3
Bathrooms
4
Total area
2,860 SF
Lot
0.77 ac (33,575 SF)
Zoning code
C1
APN
P-06-37-30-A00-0410-0000
UPID
US18-5454842
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
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
4
Lot
0.77 ac
Current owner
From public records · entity-resolved
Marcelino Cornejo
Individual
Free & Clear · 1 yrs held
Mailing address
1413 PRENTICE ST, LAKE PLACID, FL 33852-7252
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
—
Marcelino Cornejo
Marcelino Cornejo
Deed
related
—
Jul 29, 2019
—
Reba A Cornejo
—
Deed
related
$114,317 · Wauchula St Bk
Jul 29, 2016
$157,500
Reba A Cornejo
Wauchula State Bank
Special Warranty Deed
—
Apr 7, 2015
—
Wauchula St Bk
Jones Charles B Coc
Trustees Deed
related
—
—
—
Jones Oil & Tire INC
—
Loan Modification
related
$1,233,355 · Wauchula St Bk
—
—
Jones Oil & Tire INC
—
Loan Modification
related
$1,233,355 · Wauchula St Bk
—
—
Reba A Cornejo
—
Loan Modification
related
$114,317 · Wauchula St Bk
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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