Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1128 Business Point Dr Lake City, FL 32025
    Back to Search
    Property profile & analytics

    1128 Business Point Dr Lake City, FL 32025

    View on Map
    • Land
    • 15.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1128 Business Point Dr

    Lot size
    15.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 15-acre parcel boasts unparalleled visibility and accessibility, situated directly on I-75 in Lake City, Florida. The property's prime location offers significant advantages for businesses seeking high traffic exposure. With convenient access to Exit 423, this land presents a unique opportunity for a variety of commercial and industrial developments. The zoning is designated ILW, allowing for a range of uses, including but not limited to shopping centers, industrial warehousing, and storage facilities. The substantial lot size provides ample space for large-scale projects. Utilities are readily available, simplifying the development process. The property's address is 1128 SW Business Point Dr, Lake City, FL 32025, within Columbia County. The APN is 13-4S-16-02950-050. This is a rare opportunity to acquire a highly visible and strategically located property in a rapidly growing area. The asking price for this exceptional development site is $2,250,000. Don't miss this chance to capitalize on the potential of this prime commercial and industrial land. Contact us today to learn more about this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6633
    Latitude
    30.1356

    Comparable in this City

    • Value Estimation by Request
      2.08 Acres

      Fl-47

      Land • 2.08 Acres
      0 Fl-47, Lake City, FL 32025
      View Details
    • Value Estimation by Request
      4.00 Acres

      Michigan St

      Land • 4.00 Acres
      0 Michigan St, Lake City, FL 32025
      View Details
    • Value Estimation by Request
      2.14 Acres

      3 Real Ter

      Land • 2.14 Acres
      3 Real Ter, Lake City, FL 32025
      View Details
    • Value Estimation by Request
      68.00 Acres

      431 Darilyn Gln

      Land • 68.00 Acres
      431 Darilyn Gln, Lake City, FL 32025
      View Details
    • Value Estimation by Request

      447 Fl-247

      Land
      447 Fl-247, Lake City, FL 32025
      View Details
    • Value Estimation by Request
      2.58 Acres

      Duval St

      Land • 2.58 Acres
      0 Duval St, Lake City, FL 32025
      View Details

    Similar Nearby for Sale

    • $45,500

      Land in Lake City

      Land available in Lake City, Florida.
      1055 SW Castle Heights Ter, Lake City, FL 32025
      View Details
    • Contact for pricing

      Land For Sale in Lake City

      Land available in Lake City, Florida.
      5 SW Wingate St, Lake City, FL 32025
      View Details
    • Contact for pricing

      Land For Sale in Lake City

      Approximately 4 acres of land in Lake City, Florida.
      SW Michigan St, Lake City, FL 32025
      View Details
    • $32,999

      Vacant Lot on S James

      Vacant lot available on S James Ave, Lake City.
      1615 SE Lanvale St, Lake City, FL 32025
      View Details
    • Contact for pricing

      68 Acres Land For Sale

      Two buildings around 6,500 SF on 68 acres.
      431 SW Darilyn Gln, Lake City, FL 32025
      View Details
    Request Owner's contact information
    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.
    1128 Business Point Dr
    Lake City, FL 32025
    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
    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

    Thank You for Inquiry
    1128 Business Point Dr, Lake City, FL, 32025
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!