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    Property profile & analytics

    1839 Us Highway 90 Lake City, FL 32055

    • Auto shops
    • 2,462 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1776593
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • MVP Auto Dealer, Inc / Used Car Dealer

    Property Details for 1839 Us Highway 90

    Year built
    1955
    Property size
    2,462 SF
    Property type
    Auto shops
    APN
    36-3S-16-02588-001

    Description

    This exceptional commercial property, located at 1839 W US Hwy 90 in Lake City, Florida, presents a unique investment opportunity. The 2,462 square foot auto shop sits on a substantial 39,204 square foot lot, offering ample space for operations and potential expansion. Built in 1955, this single-story Class C building boasts 150 feet of frontage on US Highway 90, ensuring high visibility and easy access for customers. The property's strategic location between I-75 and US Hwy 41, adjacent to Tire Mart and the Lake City Commons Shopping Center, places it within a thriving retail corridor. Nearby established businesses include Publix, PetSmart, Culver's, Millennium Bank, and numerous national retail and restaurant chains, further enhancing its desirability. Other nearby retailers include Vystar Credit Union, Home Depot, Aldi, Auto Zone, Jiffy Lube, Walgreens, and Sherwin-Williams. The property is zoned Commercial Intensive (CI) and offers significant potential for continued operation as an auto shop or for various other commercial ventures. This property is less than two miles from the city of Lake City. The APN is 36-3S-16-02588-001.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6623649
    Latitude
    30.1806742

    Comparable in this City

    • $650,000
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      Lake City Mixed-Use Investment Opportunity

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      3827 Us Highway 441, Lake City, FL 32055
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    • $1,990,000

      Lake City Commercial Property I-75

      Commercial property with motel, gas station, and convenience store.
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    • $2,200,000
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      Lake City Retail Opportunity

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      Lake City Restaurant Investment

      Prime Restaurant & Multi-Tenant Property
      1100 Marion Rd, Lake City, FL 32055
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    • $5,561,000
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      Retail Center on Highway 90

      Fully leased retail center with strong tenants and high visibility.
      2888 W Us Highway 90, Lake City, FL 32055
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    • $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
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    Similar Nearby for Sale

    • $650,000
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      Lake City Mixed-Use Investment Opportunity

      Gas station, hotel, restaurant; prime location.
      3827 Us Highway 441, Lake City, FL 32055
      View Details
    • $1,990,000

      Lake City Commercial Property I-75

      Commercial property with motel, gas station, and convenience store.
      3816 W Us Highway 90, Lake City, FL 32055
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    • $2,200,000
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      Lake City Retail Opportunity

      High-Visibility Corner Lot, Vacant, 5.91 Acres
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    • $549,000
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      Lake City Restaurant Investment

      Prime Restaurant & Multi-Tenant Property
      1100 Marion Rd, Lake City, FL 32055
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    • $5,561,000
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      Retail Center on Highway 90

      Fully leased retail center with strong tenants and high visibility.
      2888 W Us Highway 90, Lake City, FL 32055
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    • $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
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    Similar Nearby for Lease

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      212,271 SF

      Lake City Mall Retail Spaces

      High-traffic mall; three spaces available.
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      Retail Space in Lake City

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      Lake City Restaurant Outparcel

      Prime Restaurant Space, High Traffic Area
      2281 Us Highway 90, Lake City, FL 32055
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    • $9 SF/Yr
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      Retail Space in High Traffic Area

      Retail space available in a desirable, high-traffic location.
      2311 West Us Highway 90, Lake City, FL 32055
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    • $10,500 /Mo

      Retail Space on Duval Street

      Commercial unit for rent in high-traffic Duval Street corridor.
      1780 E Duval St, Lake City, FL 32055
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    • $18 SF/Yr
      83,595 SF

      Downtown Lake City Office Space

      Historic building, prime location, 1,476 sq ft.
      204 Marion Ave, Lake City, FL 32055
      View Details

    Property Visit Statistics

    • Visits by month
      4.1k
    • Visitors by month
      4.2k
    • Avg Time on site
      32 min
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    1839 Us Highway 90
    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
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