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    2469 Us Highway 90 Lake City, FL 32055
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    Property profile & analytics

    2469 Us Highway 90 Lake City, FL 32055

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    • Retail properties & Spaces
    • 212,271 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maurices / Clothing & Fashion Store
    • Bath & Body Works / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Sakura Buffet / Restaurant
    • Lake City Mall / Shopping Center & Mall
    • rue21 / Women'S Clothing Store / Clothing Store

    Property Details for 2469 Us Highway 90

    Property size
    212,271 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Lake City Mall offers exceptional retail opportunities with three available spaces ranging from 1,200 to 16,731 square feet. This vibrant shopping center boasts a prime location fronting US Highway 90, ensuring high visibility and accessibility for your business. The mall features a strong tenant mix, anchored by established national retailers Belk, JCPenney, and T.J. Maxx, creating a robust and attractive shopping destination for the community. This established presence guarantees a steady flow of foot traffic and a built-in customer base. The property's total square footage is 212,271 square feet, indicating a substantial and well-established retail environment. A Starbucks located in an outparcel further enhances the property's appeal and convenience for shoppers. The available spaces are ideal for a variety of retail or restaurant concepts, offering the chance to establish a presence in a thriving commercial hub. The multiple tenancy structure provides flexibility and potential for synergistic partnerships within the mall. This is a rare opportunity to secure space in a high-performing retail center with strong anchors and a proven track record of success. Contact us today to learn more about these exceptional spaces and secure your place in Lake City Mall.

    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
    -82.673
    Latitude
    30.1799

    Comparable in this City

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      3827 Us-441

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      3,640 SF

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    • Value Estimation
      $830,000
      11,795 SF

      262 Gum Swamp Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 11,795 SF
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    • Value Estimation by Request
      1,544 SF

      1245 Duval St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,544 SF
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    • Value Estimation by Request
      4,646 SF

      794 Duval St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,646 SF
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    • New
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    • $1,800,000
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      Retail Property Near Lake City Mall

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    Similar Nearby for Lease

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      Former Restaurant Building on US-90

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      Former Restaurant Site For Rent

      Former restaurant site in Lake City retail corridor.
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      Retail Space in Lake City

      Retail space available in Lake City Mall on US Hwy 90.
      2469 W Us Highway 90, Lake City, FL 32055
      View Details
    • $10,500 /Mo
      800 SF

      Retail Space on Duval Street

      Commercial unit for rent in high-traffic Duval Street corridor.
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    2469 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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