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    3010 NW Us Highway 41 Lake City, FL 32055

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    For Sale
    $1,999,999

    Two self-storage properties in Lake City and Live Oak, Florida.

    We can help!

    Listing Contact
    Kateleigh Calloway
    Kateleigh Calloway
    Source: Svn

    Listing Agent: Kateleigh Calloway

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

    Learn more

    Overview

    Two-Property Self-Storage Portfolio

    The Freedom Storage Portfolio presents a two-property self-storage opportunity located in Lake City and Live Oak, Florida. The portfolio consists of 200 units across over 25,000 square feet. The facilities are strategically located in Lake City and Live Oak, two growing North Florida markets. Lake City has a population of roughly 35,000 and over 250,000 in the surrounding Columbia and Suwannee counties, serving as a regional hub. Major employers include Anderson Columbia, Florida Gateway College, and HUB Industrial Supply. The city supports retail activity, anchored by Lake City Mall and national tenants like TJ Maxx, Ross, Aldi, and Panera Bread. Household growth and rising rental demand support continued self-storage need. Live Oak, the county seat of Suwannee County, has a population of about 7,000, with a broader service area exceeding 40,000, and is supported by employers including First Federal Bank of Florida and the Suwannee County School District. Both communities are easily accessible via I-75, offering convenient access for residents, businesses, and seasonal visitors, creating demand for self-storage. The Lake City facility has 3 acres for expansion. The Live Oak location offers warehouse conversion potential. The Lake City location has high traffic and visibility on US 41 with approximately 9,300 vehicles per day. The Live Oak location has high traffic and visibility on US 90 with approximately 8,600 vehicles per day near Publix.
    Location Intelligence

    Current Use by Public Records

    Freedom Storage - Lake ... Storage Facility

    Suggested Use

    Building Supply Storage Facility Grocery & Convenience Store Bar & Pub Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6615875
    Latitude
    30.2255294

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    FAQs

    What type of property is this?
    Self storage facility - Two self-storage properties in Lake City and Live Oak, Florida.
    Where is this self storage facility located?
    The property is located at 3010 NW Us Highway 41 Lake City, FL.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: - Portfolio of two self-storage properties in growing North Florida markets (Lake City and Live Oak).; - Expansion potential with **3 acres available at the Lake City facility.**; - Strong market positioning with limited local competition.
    (205) 937-2299
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    3010 NW Us Highway 41 Lake City, FL 32055
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    Lake City, FL 32055
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    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
    3010 NW Us Highway 41 Lake City, FL 32055
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    We can help!
    Listing Contact
    Kateleigh Calloway
    Kateleigh Calloway
    Real Estate License ID: #SL3636547
    (205) 937-2299 (850) 434-7500
    Learn more
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