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    278 SE Gillen Ter Lulu, FL 32061

    For Sale
    $325,000

    Commercial - Lulu, FL

    Days on Market:
    52
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 278 SE Gillen Ter

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    34-4S-18-10546-000
    Parking features
    Garage

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Year renovated
    2005
    Flooring type
    Hardwood, Tile
    Roof type
    Asphalt, Metal
    Architectural style
    Other

    Empire Realty of North Florida, Inc. (386) 626-8004

    Listing agent Matthew Rende (386) 626-8004

    Listing date Oct 23, 2025

    MLS# 11583510 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Property in Lulu, FL

    This property in Lulu, Florida, features two homes on 5.481 acres. It includes a 2-bedroom, 2-bathroom single-family residence and a duplex with two 1-bedroom, 1-bathroom units. Located approximately 10 minutes outside of Lake City, the property offers a peaceful and quiet setting with no deed restrictions. Each dwelling has its own septic system. A private well with a new pump serves both dwellings. The property is suitable for various uses, including a rental portfolio, day care, assisted living facility, or senior independent living. There is ample land available for additional building or development. This income-producing property presents a unique opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Lulu
    County
    Columbia
    State
    Florida
    Longitude
    -82.492481
    Latitude
    30.105047

    Nearby Similar for Sale

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      Lulu, FL Income Property

      Two homes and a duplex on 5.481 acres in Lulu, FL.
      278 SE Gillen Ter, Lulu, FL 32061
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      Prime Lulu Retail Space - High Visibility

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    • $204,900

      Lulu General Store: Prime Retail Opportunity

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    FAQs

    What type of property is this?
    Single family property - Two homes on 5.481 acres, potential for rental income.
    Where is this single family property located?
    The property is located at 278 SE Gillen Ter Lulu, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Two homes on 5.481 acres offer immediate income potential or multi-generational living.; - Located in a peaceful, unrestricted area of Lulu, FL, just 10 minutes from Lake City.; - Suitable for various uses including rental portfolio, daycare, assisted living, or senior independent living.
    (386) 626-8004
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    Lulu, FL 32061
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    278 SE Gillen Ter Lulu, FL 32061
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