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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Medical Office Space
146 Orthopedic Ct Lake City, FL 32024-0672
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-3482885
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
FRAME
Total area
20,060 SF
Lot
3.09 ac (134,600 SF)
Zoning code
A-1
APN
33-3S-16-02433-053
UPID
US18-3482885
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Lake City 146 Medical Properties Ll · 8 yrs held
Lake City 146 Medical Properties Ll
since 2018
6 recorded transactions
Zoning & alternative use
A-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,515,000
Current use
AUTO REPAIR, GARAGE
$1,490,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,470,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,275,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$55 / SF
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
$30,144
Tax year 2023
Assessed value
$2,030,128
Assessed 2023
Previous assessed
$1,970,069
+3.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$575,415
Assessed improvement
$1,454,713
Land market value
$575,415
Improvement market value
$1,454,713
Total market value
$2,030,128
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
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
35
Total area
20,060 SF
Lot
3.09 ac (134,600 SF)
Zoning code
A-1
APN
33-3S-16-02433-053
UPID
US18-3482885
Jurisdiction
COLUMBIA
Zoning & alternative use
A-1 · Lake City, FL
Zoning A-1 · permitted uses
A-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
35
Lot
3.09 ac
Current owner
From public records · entity-resolved
Lake City 146 Medical Properties Ll
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2020
—
Gainesville Medical Prop LLC
—
Deed
related
$13,635,000 · Cit Bk NA
Jun 4, 2018
$3,131,000
Lake City 146 Medical Properties Ll
Toc Real Estate Investors II LLC
Special Warranty Deed
—
Nov 6, 2007
$740,000
Toc Real Estate Invtrs II LLC
Cypress Lake Land Trust
Warranty Deed
$3,500,000 · Columbia Bank
—
—
Real Estate Investors Toc II
—
Deed Of Trust
related
$2,686,000 · Suntrust Bank NA
—
—
Real Estate Investors Toc II
—
Deed Of Trust
related
$2,686,000 · Suntrust Bank NA
—
—
Gainesville Medical Prop LLC
—
Loan Modification
related
$13,635,000 · Cit Bk NA
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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