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    Industrial Warehouse with Loading Yard Title is generated by Realmo AI

    2249 Southeast Baya Drive, Lake City, FL 32025

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    Functional warehouse layout with large roll-up doors and an outdoor yard option for loading, storage, and operations.

    Type:Industrial
    Added:
    Jun 1, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 2:33 am

    Property Features for 2249 Southeast Baya Drive

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1981

    Spaces For Lease

    at 2249 Southeast Baya Drive Contact us

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    Listing Contact
    Evan Crapps
    Evan Crapps

    Listing agent Evan Crapps License #SL3494966

    Listing office Daniel Crapps Agency, Inc

    Listing date Jun 1, 2026

    Source Crexi

    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 Daniel Crapps Agency, Inc

    HighLights

    • 8,000 SF warehouse available for lease
    • 1981‑built warehouse with large roll‑up doors
    • Power included with lighting
    • Private restroom with sink plus separate wash sink
    • Large open interior area with concrete pad in front for loading and unloading
    • Outdoor yard storage available for additional cost; zoned industrial

    Overview

    This 8,000 SF warehouse offers a practical, open floor plan designed for day-to-day storage and handling. The space includes power with lights for interior operations, multiple large roll-up doors for straightforward truck access, and a private restroom with a sink plus a separate wash sink. A concrete pad in front of the building supports loading and unloading activity, helping keep loading operations organized and efficient. Outdoor yard storage is available for an additional cost, providing flexibility if your operation needs extra space beyond the main interior area.

    The property is located at 2249 Southeast Baya Drive in Lake City, FL 32025. The warehouse includes outdoor space suited to receiving and dispatch workflows, and the site is zoned Industrial.

    For tenants looking for an industrial warehouse with direct loading capability and on-site support areas, this building covers the fundamentals: open warehouse operations, large roll-up doors, and restroom/wash accommodations. The option for outdoor yard storage can help accommodate equipment, staging, or overflow storage needs without requiring space inside to be reconfigured. Zoned Industrial, the property is positioned to suit a range of industrial uses consistent with that classification.
    Location Intelligence

    Current Use by Public Records

    Fortiline Waterworks Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Mini-Storage & Record Storage of Lake City — 2065 SE Baya Dr, Lake City, FL 32025

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.607548
    Latitude
    30.183104

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    FAQs

    What type of property is this?
    Warehouse - Functional warehouse layout with large roll-up doors and an outdoor yard option for loading, storage, and operations.
    Where is this warehouse located?
    The property is located at 2249 Southeast Baya Drive Lake City, FL.
    What are key features of this property?
    This property features: 8,000 SF warehouse available for lease; 1981‑built warehouse with large roll‑up doors; Power included with lighting
    (386) 209-4393 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Evan Crapps
    Evan Crapps
    Real Estate License ID: SL3494966
    Learn More
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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.

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