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Property profile & analytics
OFF-MARKET
Warehouses
122 Midtown Pl, Lake City, FL 32025-0771
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6818279
Property summary
AI-generated overview
This exceptional single-story, 2000-built commercial property in Lake City, Florida, offers a prime opportunity for businesses seeking executive office space. Located at 122 SW Midtown Pl, 32025, this one-acre lot features a single building totaling 2,250 square feet of available space, perfectly suited for a variety of professional uses. The space is immediately available and is divisible to a minimum of 2,250 square feet, with a maximum contiguous space of 2,250 square feet. The property boasts low CAM fees, making it an attractive option for cost-conscious businesses. The building is situated on a one-acre lot (APN: 31-3S-17-06247-110) and does not include elevators. This is an excellent opportunity to establish a presence in a thriving Lake City commercial area. The property is categorized as both retail and office space, and is currently configured as a strip center. The property's convenient location and attractive features make it an ideal choice for businesses seeking a high-quality, efficient workspace. Inquire today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
STEEL FRAME
Total area
7,743 SF
Lot
0.58 ac (25,301 SF)
Zoning code
CI
APN
31-3S-17-06247-106
UPID
US18-6818279
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
-
Moore's Insurance Agency Insurance Agency
-
Lake City Pro Wildlife Removal Animal Shelter Pet Adoption Service
-
American Infrastructure Development, Inc. Engineering Consultant
-
3 D Providers Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Midtown Properties Holdings Ll · 9 yrs held
Midtown Properties Holdings Ll
since 2016
2 recorded transactions
Zoning & alternative use
CI · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,438
Tax year 2023
Assessed value
$224,011
Assessed 2023
Previous assessed
$213,123
+5.1% YoY
Effective rate
1.53%
On assessed value
Assessed land
$29,000
Assessed improvement
$195,011
Land market value
$29,000
Improvement market value
$195,011
Total market value
$224,011
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
6
Rooms
15
Total area
7,743 SF
Lot
0.58 ac (25,301 SF)
Zoning code
CI
APN
31-3S-17-06247-106
UPID
US18-6818279
Jurisdiction
COLUMBIA
Zoning & alternative use
CI · Lake City, FL
Zoning CI · permitted uses
CI · Lake City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Rooms
15
Lot
0.58 ac
Current owner
From public records · entity-resolved
Midtown Properties Holdings Ll
Entity
Mailing address
540 W DUVAL ST, LAKE CITY, FL 32055-3899
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2016
$1,167,500
Midtown Properties Holdings Ll
Williams Agricultural Ents Ltd
Trustees Deed
$1,070,000 · Ankem & Rajani Ravindra
Dec 8, 2005
$1,450,000
Williams Agricultural Ents Ltd
Westfield Inv Group Lllp
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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