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

    Lake City, FL 32055

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

    Prime 3.27-Acre Commercial Lot

    Property Features for 0

    General Information

    Property type
    Land
    Lot Size
    142,441 SF

    We can help!

    Listing Contact
    Daniel Crapps
    Daniel Crapps

    Listing Agent: Daniel Crapps

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

    Learn more

    Overview

    This exceptional 3.27-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing Lake City, Florida market. Strategically located on W US-90, this property boasts an impressive 219 feet of frontage on a major thoroughfare, ensuring high visibility and accessibility. Its proximity to the US-90/I-75 interchange (less than two miles) provides unparalleled connectivity to regional transportation networks, making it ideal for a wide range of commercial ventures. The expansive lot size offers ample space for development, accommodating various project scales and designs. Columbia County's thriving business environment and strategic location within Florida further enhance the property's potential for significant return on investment. This is a rare chance to acquire a substantial commercial land holding in a prime location experiencing significant commercial expansion. The asking price is $449,000. The property's address is W US-90, Lake City, FL 32055. The latitude and longitude coordinates are 30.1893411, -82.6183411 respectively. This property is zoned for commercial use. Serious inquiries are encouraged.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6183411
    Latitude
    30.1893411

    Nearby Similar for Sale

    • $395,000
      1,823 SF

      Main Boulevard Office Building

      Class B office building on a corner lot for sale.
      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
    • $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
    • $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
    • $1,200,000
      16,050 SF

      Lake City Executive Park Complex

      Fully leased office complex near I-75, a steady income generator.
      260 S Marion 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
    • $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
    • $289,000
      2,688 SF

      Lake City Commercial Building on 5 Acres

      Commercial building with open area, kitchen, and outdoor patio on 5 acres.
      22888 SW Sr 247, Lake City, FL 32024
      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
    • $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
    • $249,000

      Commercial Building in Downtown Lake

      Commercial building in Lake City suitable for store or office.
      508 N Marion Ave, Lake City, FL 32055
      View Details
    • $2,200,000
      16,663 SF

      Turnkey Mobile Home Park Opportunity

      Fully occupied 16-unit mobile home park in Lake City, FL.
      4816 N Us 441 Hwy, Lake City, FL 32055
      View Details

    FAQs

    What type of property is this?
    Land - Prime 3.27-Acre Commercial Lot
    Where is this land located?
    The property is located at Lake City, FL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: $449,000 asking price.; 3.27-acre commercial land parcel.; Located in Lake City, Florida, on W US-90.
    (386) 397-3002 Call to check price and availability
    Request Owner's contact information
    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.
    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
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel Crapps
    Daniel Crapps
    Real Estate License ID: 18124
    (386) 397-3002 (386) 755-5110
    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!