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

    1524 NW Main Blvd Lake City, FL 32055

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

    Multi-functional property with retail, industrial, and residential income potential.

    Property size:
    25,805 SF

    Property Features for 1524 NW Main Blvd

    General Information

    Standard status
    Active
    Zoning
    Industrial
    Size
    25,805 SF

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Danielle Andrews
    Source: Crexi

    Listing Agency: Realty ONE Group Next Generation Listing Agent: Danielle Andrews

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

    Learn more

    Overview

    Versatile Commercial Asset with Income Streams

    This multi-functional commercial asset offers over 26,000 square feet of versatile space designed to support diverse income streams and scalable business models. The property blends retail, industrial/warehouse, and mechanic shop space with two on-site Airbnb units, creating immediate and future revenue opportunities. It is strategically located minutes from I-10 and I-75, near the local airport, and a short drive to the Suwannee River, offering prime accessibility while maintaining a private, retreat-like setting. The site features a private lake, expansive walking trails, and outdoor recreation space, making it suitable for experiential business concepts, destination-based services, or membership-driven models. Positioned within a FEMA-designated protection area for cell coverage, the property offers an advantage for technology, communications, or data-reliant operations. Currently undergoing renovations, the vision for the property is a membership-based user campus, with planned amenities including event and gathering space, conference and meeting rooms, a recording studio, outdoor recreation rentals (boats, kayaks, bikes), community laundry, and shared-use facilities. The property size is 25805 square feet.
    Location Intelligence

    Current Use by Public Records

    Quick fix moble ... General Contractor Racing Family Village (Bike/Boat/Book/etc) Store U-Haul Neighborhood Dealer Car Rental Facility McHenry Upholstery Furniture & Home Goods Closed Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.641497
    Latitude
    30.169398

    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 Blvd, 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
    • New
      $1,120,000
      16,050 SF

      Lake City Commercial Investment Opportunity

      Fully leased commercial property with long-term tenants and immediate income.
      260 S Marion Ave, 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 Rd, Lake City, FL 32055
      View Details
    • $259,900
      2,442 SF

      Remodeled Home Office Building

      Remodeled office building with live-work potential in Lake City.
      340 SE Country Club Rd, Lake City, FL 32025
      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
    • $870,000
      8,800 SF

      Lake City Commercial Investment Property

      8,800 sq ft building leased to daycare center.
      258 SW Columbia Ave, Lake City, FL 32025
      View Details
    • $199,654
      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
    • $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 Dr, Lake City, FL 32055
      View Details
    • $599,200
      42.80 Acres

      42.8 Acres Pasture Land

      42.8 acres of pasture land with development opportunities.
      SW Mayo Rd, Lake City, FL 32024
      View Details
    • $950,000
      9,206 SF

      Lake City Mobile Home Park

      12-lot mobile home park in Lake City, Florida.
      170 NE Craig Ave, Lake City, FL 32055
      View Details
    • New
      $2,975,000
      26,000 SF

      Versatile Commercial Asset with Airbnb Units

      Multi-functional commercial property with retail, industrial, and residential income.
      1524 NW Main Blvd, Lake City, FL 32055
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Multi-functional property with retail, industrial, and residential income potential.
    Where is this mixed-use property located?
    The property is located at 1524 NW Main Blvd Lake City, FL.
    What are key features of this property?
    This property features: - Over 26,000 sq ft of versatile space supporting diverse income streams.; - Two on-site Airbnb units provide immediate revenue opportunities.; - Strategically located minutes from I-10 and I-75, near the local airport, and a short drive to the Suwannee River.
    Request Owner's contact information
    1524 NW Main Blvd Lake City, FL 32055
    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.
    1524 NW Main Blvd
    Lake City, FL 32055
    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
    1524 NW Main Blvd Lake City, FL 32055
    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

    We can help!
    Listing Contact
    Danielle Andrews
    Real Estate License ID: BK3367252
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!