Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2580 SE Giles Martin Ave Lake City, FL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with direct access to US 441 and I-75.

    Type:LAND
    Lot size:
    246.00 Acres
    Added:
    Dec 20, 2023
    Days on Market:
    833
    Last Refresh:
    Mar 29 at 11:19 pm

    Property Features for 2580 SE Giles Martin Ave

    General Information

    Standard status
    Active
    Lot size
    246.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Ken Rembert
    Ken Rembert

    Listing agent Ken Rembert

    Listing office Saunders Real Estate, LLC

    Listing date Dec 20, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Saunders Real Estate, LLC

    Overview

    Land with Highway Access

    This commercial land offers a convenient location for commuting to adjacent cities. It features direct access to US 441 and I-75. Traffic counts indicate 47,000 Average Annual Daily Traffic (AADT) on I-75 and 4,500 AADT on US 441.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Storage Facility Grocery & Convenience Store Grocery & Convenience Store Car Rental Facility Restaurant Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.5866
    Latitude
    29.9882

    Nearby Similar for Sale

    • $350,000
      1,823 SF

      Lake City Office Building For Sale

      Class B office building with expansion and investment potential.
      229 SW MAIN BOULEVARD, LAKE CITY, FL 32025
      View Details
    • $198,654
      1,529 SF

      Lake City Office Space Available

      Professional office space with multiple offices, conference room, and kitchen.
      654 BAYA DR, Lake City, FL 32025
      View Details
    • $699,000
      15,000 SF

      Lake City Industrial Property

      15,000 SF industrial property on 1.72 acres in Lake City.
      3887 E US HIGHWAY 90, LAKE CITY, FL 32055
      View Details
    • $699,000

      7.64 Acres Commercial Land

      Commercial zoned land in a growing area with road frontage.
      782 SW SISTERS WELCOME ROAD, Lake City, FL 32025
      View Details
    • $895,000
      1,322 SF

      Recreational Property Bordering National Forest

      105-acre recreational property near Lake City, Florida.
      1317 Northeast Drew Road, Lake City, FL 32055
      View Details
    • $295,000
      1,208 SF

      Lake City Professional Office

      Commercial office building with reception, exam rooms, and bathroom.
      1166 SW MAIN BLVD, Lake City, FL 32025
      View Details
    • $350,000

      Commercial Lot in Lake City

      2.13-acre commercial lot suitable for various business types.
      1563 SW CENTURY GLN (LOT 2), Lake City, FL 32025
      View Details
    • $870,000
      8,800 SF

      Lake City Commercial Investment Property

      8,800 sq ft building leased to daycare center.
      258 SW Columbia Avenue, Lake City, FL 32025
      View Details
    • $200,000

      Lake City Commercial Lot

      Commercial lot in Lake City, Florida, with diverse business potential.
      1563 SW CENTURY GLN (LOT 3), Lake City, FL 32025
      View Details
    • $435,000

      Rare Land with Barn and Utilities

      45-acre property with pasture, woods, barn, and utilities.
      237 NW LOWER SPRINGS ROAD, Lake City, FL 32055
      View Details
    • $1,800,000
      3,607 SF

      Retail Property Near Lake City Mall

      Retail space near Walmart and Lowe's, formerly a restaurant.
      3585 NW BASCOM NORRIS, Lake City, FL 32055
      View Details
    • $400,000

      Lake City Commercial Lot Available

      Prime commercial lot in a rapidly developing area.
      TBD SW COMMERCE DR, Lake City, FL 32025
      View Details

    FAQs

    What type of property is this?
    Land - Land with direct access to US 441 and I-75.
    Where is this land located?
    The property is located at 2580 SE Giles Martin Ave Lake City, FL.
    What are key features of this property?
    This property features: Great Location with direct access to US 441 and I‑75; Benefit from high traffic counts with 47,000 AADT (I‑75); Traffic count of 4,500 AADT (US 441)
    (352) 316-0101
    We can help!
    Listing Contact
    Ken Rembert
    Ken Rembert
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!