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Property profile & analytics
OFF-MARKET Estimated value $1,085,000
Individual retail properties

1191 Bascom Norris Dr Lake City, FL 32025-1330

7,200 SF 0.19 ac lot Built 2008
Individually Owned 2-yr Hold Free & Clear
Property ID
US18-4631845
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 2008
Construction STEEL FRAME
Total area 7,200 SF
Lot 0.19 ac (8,125 SF)
APN 01-4S-16-02700-004
UPID US18-4631845
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • City Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.09M
Owner & transaction history
Bascom Square North Condominium Ass · 2 yrs held
Bascom Square North Condominium Ass
since 2023
Last sale
$1.0M
3 recorded transactions
2023
Price N/A
2023
$1.0M
2008
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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