Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hall Of Fame Dr Lake City, FL 32055
    Property profile & analytics

    Hall Of Fame Dr Lake City, FL 32055

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

    Current Use by Public Records

    • Land

    Property Details for 0 Hall Of Fame Dr

    Lot size
    0.74 lot acres
    Property type
    Land

    Description

    This exceptional 0.74-acre commercial land parcel presents a remarkable investment opportunity in Lake City, Florida. Strategically located just off the intersection of I-75 and US-90, this property enjoys unparalleled accessibility and high visibility. Ideal for the development of an office building or medical facility, the site offers significant potential for growth and return. The property boasts convenient access to major transportation arteries, ensuring easy commutes for employees and clients. City water and sewer services are readily available, simplifying the development process and reducing infrastructure costs. This is not just a piece of land; it's a gateway to a thriving market. The location's proximity to I-75/US-90 guarantees high traffic volume and exposure, making it an attractive proposition for businesses seeking a prominent presence. Multiple lots are available in the immediate vicinity, offering flexibility for expansion or potential future development. This prime commercial land is ready for your vision, offering a unique chance to capitalize on a high-demand location in a rapidly growing area. The address is NW Hall of Fame Dr, Lake City, FL 32055, within Columbia County. The asking price for this exceptional property is $100,000.

    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
    -82.6943
    Latitude
    30.1838

    Comparable in this City

    • Value Estimation by Request
      11.00 Acres

      Lake City, FL 32055

      Land • 11.00 Acres
      Lake City, FL 32055
      View Details
    • Value Estimation by Request
      168.72 Acres

      Moore Rd

      Land • 168.72 Acres
      0 Moore Rd, Lake City, FL 32055
      View Details
    • Value Estimation by Request
      10.94 Acres

      Lake City, FL 32055

      Land • 10.94 Acres
      Lake City, FL 32055
      View Details
    • Value Estimation by Request
      187.31 Acres

      Bell Rd

      Land • 187.31 Acres
      0 Bell Rd, Lake City, FL 32055
      View Details
    • Value Estimation by Request
      1.24 Acres

      Hall Of Fame Dr

      Land • 1.24 Acres
      0 Hall Of Fame Dr, Lake City, FL 32055
      View Details
    • Value Estimation by Request
      0.74 Acres

      Hall Of Fame Dr

      Land • 0.74 Acres
      0 Hall Of Fame Dr, Lake City, FL 32055
      View Details

    Similar Nearby for Sale

    • $435,000

      Land For Sale

      Land available for purchase.
      237 NW Lower Springs Rd, Lake City, FL 32055
      View Details
    • $449,000
      3.27 Acres

      Lake City Commercial Land - $449K

      Prime 3.27-Acre Commercial Lot
      Lake City, FL 32055
      View Details
    • Contact for pricing

      Land with Frontage on US-90

      Land with frontage on US-90 and brick home.
      Lake City, FL 32055
      View Details
    • $3,500,000
      37.84 Acres

      Lake City Industrial Land Available

      38+/- acres of industrial land with highway access.
      1539 NW Main Blvd, Lake City, FL 32055
      View Details
    • Contact for pricing

      Land Parcel on US-90

      Commercial land parcel with frontage on US-90 and CR-252B.
      Lake City, FL 32055
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lake City Commercial Land Opportunity

      1.5 Acres, Highway 90 & I-75
      90 & I-75 Hwy, Lake City, FL 32055
      View Details
    • Contact for pricing
      2,377 SF

      Retail Space in Lake City

      Grocery-anchored neighborhood center along US Highway 90.
      255 NW Commons Loop, Lake City, FL 32055
      View Details
    • $9 SF/Yr
      16,731 SF

      Retail Space in High Traffic Area

      Retail space available in a desirable, high-traffic location.
      2311 West 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.
      1780 E Duval St, Lake City, FL 32055
      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.
    Hall Of Fame Dr
    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
    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
    Hall Of Fame Dr, Lake City, FL, 32055
    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!