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    3827 Us-441 Lake City, FL 32055
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    3827 Us-441 Lake City, FL 32055

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    • Retail properties & Spaces
    • 1,770 SF
    • 0.92 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3827 Us-441

    Year built
    1968
    Lot size
    0.92 lot acres
    Property size
    1,770 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 1,770 square foot mixed-use property, situated on a 0.919-acre lot in Lake City, Florida, presents a unique investment opportunity. Built in 1968, the single-story building boasts a 10-foot ceiling height and is zoned CHI. The property includes a gas station, hotel, and restaurant, offering diverse income streams. Its strategic location offers highway frontage and convenient Interstate access, specifically on the west side of I-10, making it highly visible and easily accessible. The property is being sold as real estate only; the existing businesses are not included in the sale. This presents a blank canvas for a new owner to develop and customize the space to their vision. A significant advantage is the availability of an adjoining 100+ acre parcel, offering potential for expansion or future development. The property's address is 3827 US-441, Lake City, FL 32055 (APN: 08-3S-17-04907-001). The asking price is $650,000, translating to $367.23 per square foot. This is a rare chance to acquire a well-positioned mixed-use property with substantial growth potential in a thriving area. Directions: From US-90/US-441 in Lake City, travel 3.8 miles on US-441; the property is on the right, just past I-10.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6379
    Latitude
    30.2435

    Comparable in this City

    • Value Estimation by Request
      83,595 SF

      204 Marion Ave

      Restaurants • 83,595 SF
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    • Value Estimation by Request
      212,271 SF

      2469 Us Highway 90

      Restaurants • 212,271 SF
      2469 Us Highway 90, Lake City, FL 32055
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    • Value Estimation by Request
      3,640 SF

      1100 Marion Rd

      Restaurants • 3,640 SF
      1100 Marion Rd, Lake City, FL 32055
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    • Value Estimation
      $2,405,000
      56,577 SF

      284 Centurion Ct

      HOTEL • 56,577 SF
      284 Centurion Ct, Lake City, FL 32055-5852
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    • Value Estimation
      $5,860,000
      2,491 SF

      2685 Us Hwy 90

      SERVICE STATION (FULL SERVICE) • 2,491 SF
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    • Value Estimation by Request
      696 SF

      Lake

      SERVICE STATION (FULL SERVICE) • 696 SF
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      Versatile Commercial Asset with Income Streams

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      Versatile Commercial Asset with Airbnb Units

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    • New
      $1,250,000
      5.36 Acres

      Prime Commercial Land on Highway

      5.36-acre commercial land with high-visibility frontage on W US Highway.
      4967 W Us Highway 90, Lake City, FL 32055
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    • $3,500,000
      37.84 Acres

      Lake City Industrial Land Available

      38+/- acres of industrial land with highway access.
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    Similar Nearby for Lease

    • Contact for pricing

      Former Restaurant Building on US-90

      4,153 SF former restaurant on 1.38 acres available for rent.
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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
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    3827 Us-441
    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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