1191 Bascom Norris Dr Lake City, FL 32025-1330
This exceptional 7,200-square-foot Class A medical office building, located at 1191 SW Bascom Norris Dr, Lake City, FL 32025, presents a unique investment opportunity. Built in 2008 and extensively renovated in 2020, the single-tenant property boasts a 20-foot ceiling height and a clear-span design, offering unparalleled flexibility for various uses. The building's prime location in Columbia County, Florida, is adjacent to a successful cardiology practice, ensuring high visibility and potential for significant foot traffic. The property is ideal for medical offices, traditional office spaces, executive suites, creative office environments, or even coworking spaces. With its 7,200 square feet of entirely vacant space, this property offers immediate occupancy. The building is a single-story structure, eliminating the need for elevators. Property taxes are $1.65 per square foot. This versatile space represents a compelling opportunity to establish a thriving business in a rapidly growing area. The former church building's unique architecture provides a distinctive character, while the recent renovations ensure modern functionality and appeal. The high-traffic location, coupled with the building's adaptable design, makes this property an exceptional investment.
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City Church Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.