Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Fl-47 Lake City, FL 32024

    • Land
    For Lease
    View listing
    $80,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Fl-47

    Property type
    Land

    Description

    Multiple lots are available for ground lease within Cornerstone Crossing at 47, a new high-profile commercial development strategically located at the intersection of State Road 47 and Interstate 75 in Lake City, Florida. This prime location offers exceptional visibility from Interstate 75, ensuring high traffic exposure for any business. The property is situated in Lake City's burgeoning new commercial corridor, providing access to a growing market. The land is zoned for commercial use, offering flexibility for a variety of development options. The convenient location is only 12 miles from the vital I-10/I-75 interchange, providing easy access to major transportation routes and expanding the potential customer base. This presents a unique opportunity for businesses seeking high-visibility land in a rapidly developing area. The APN for the property is 30-4S-17-08881-000. The tenancy is single, meaning each lot is individually leased. This development offers a chance to establish a strong presence in a key commercial area with significant growth potential. Interested parties should inquire about lot sizes and lease terms. This is an exceptional opportunity to secure a prominent location in a thriving commercial hub.

    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
    -82.6564
    Latitude
    30.1162

    Comparable in this City

    • Value Estimation by Request
      4.50 Acres

      Executive Dr

      Land • 4.50 Acres
      0 Executive Dr, Lake City, FL 32024
      View Details
    • Value Estimation by Request
      0.66 Acres

      Prosperity Pl

      Land • 0.66 Acres
      0 Prosperity Pl, Lake City, FL 32024
      View Details
    • Value Estimation by Request
      3.08 Acres

      Corporate Dr

      Land • 3.08 Acres
      0 Corporate Dr, Lake City, FL 32024
      View Details
    • Value Estimation by Request
      0.66 Acres

      Prosperity Pl

      Land • 0.66 Acres
      0 Prosperity Pl, Lake City, FL 32024
      View Details
    • Value Estimation by Request

      14240 Us-441

      Land
      14240 Us-441, Lake City, FL 32024
      View Details
    • Value Estimation by Request
      2.11 Acres

      Prosperity Pl

      Land • 2.11 Acres
      0 Prosperity Pl, Lake City, FL 32024
      View Details

    Similar Nearby for Sale

    • $895,000
      2.11 Acres

      Lake City Commercial Land - 2.11 Acres

      Prime Commercial Land, Lake City, FL
      0 Prosperity Pl, Lake City, FL 32024
      View Details
    • $150,000
      0.66 Acres

      Lake City Commercial Land Parcel

      Prime 0.66-acre commercial lot in Lake City, FL.
      0 Prosperity Pl, Lake City, FL 32024
      View Details
    • $675,000
      4.50 Acres

      Lake City Commercial Land Parcel

      4.5 Acres, Prime Commercial Location
      0 Executive Dr, Lake City, FL 32024
      View Details
    • $2,761,500
      110.46 Acres

      Prime Lake City Commercial Land

      110 Acres, City Limits, RR Zoning
      0 Lake City Ave, Lake City, FL 32024
      View Details
    • $5,217,000
      52.17 Acres

      Lake City Commercial Land - 52 Acres

      Prime Commercial Land, I-75 Access
      0 Corporate Dr, Lake City, FL 32024
      View Details
    • $500,000
      20.86 Acres

      Lake City Industrial Land - 20 Acres

      Prime Industrial Land, Rail Access, High Visibility
      Lake City, FL 32024
      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.
    Fl-47
    Lake City, FL 32024
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.