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Property profile & analytics

1191 Bascom Norris Dr Lake City, FL 32025-1330

  • Individual retail properties
  • 7,200 SF
  • 0.19 lot acres
OFF-MARKET
Last Sale
Sep 05, 2023
$1,000,000
Value Estimations
$1,085,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-4631845
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • City Church / Non-Denominational Church

Property Details for 1191 Bascom Norris Dr

Year built
2008
Construction
STEEL FRAME
Lot size
0.19 lot acres
Property size
7,200 SF
Property type
Individual retail properties
APN
01-4S-16-02700-004
APU
014S1602700004

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,130,000
    ML approach
    $1,205,000
  • Alternative Use

    Use
    Estimation
    RESTAURANT
    $795,000
    COMMERCIAL (GENERAL)
    $755,000

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


Location Insight

  • Map
  • Local Demand
City
Lake City
County
Columbia
State
Florida
Longitude
-82.6634
Latitude
30.1701
CBSA code
29380
CBSA name
LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,031
$12
$562,445
$562,457
-
$12
$562,445
$562,457
More about this property
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