Property profile

1140 Bascom Norris Dr Lake City, FL 32025

OFF-MARKET
Other office properties
Property ID
US18-3118008
1,250 SF 0.03 ac lot Built 2008
Trust Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

Constructed in 2008, this updated office condo provides 1,801 square feet of interior space configured for medical or professional use. The layout includes eight private offices or patient rooms, with an executive suite that includes built-in features, and is supported by a spacious reception and waiting area. Additional interior features include a conference room, a break room, and ample storage. The unit has two restrooms, one equipped with a full shower, and includes a private employee entrance for separate access. The condo is located on Bascom Norris Drive, a high-traffic roadway with approximately 14,500 vehicles passing daily, and offers prominent monument and on-building signage. It is positioned within a well-maintained complex that includes medical and professional tenants, and is about 1.8 miles from I-75, with ample parking available for visitors and staff.

Property profile

Verified
Property type Other office properties
Use group CONDOMINIUM OFFICES
Year built 2008
Construction STEEL FRAME
Total area 1,250 SF
Lot 0.03 ac (1,250 SF)
APN 01-4S-16-02700-102
UPID US18-3118008

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • Pediatrician Physician
  • Physician
  • Physician

Location

1140 Bascom Norris Dr Lake City, FL 32025-1329
Lake City metro Census 110500 LAKE CITY, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2014
3 recorded transactions
2022
Price N/A
2014
Price N/A
2009
$215,200

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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