Property profile

1509 Century Gln Lake City, FL 32025

OFF-MARKET
Office buildings
Property ID
US18-4614945
8,400 SF 1 ac lot Built 2006
Trust Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,400-square-foot warehouse/office space in Lake City, Florida, presents a significant opportunity. Situated on one acre of land, this single-tenant property boasts a strategic location at the crossroads of major Florida distribution routes I-10 and I-75, ensuring efficient transportation. The building features a 22-foot ceiling height, ten 12ft x 10ft dock-high doors (five tandem bays), and ten drive-in doors, facilitating seamless loading and unloading. The layout includes both conditioned office space and ample storage, complemented by a catwalk and a small breakroom. The property's concrete block construction, clear-span design, and metal roof ensure durability and functionality. A paved lot and ample parking on both sides of the building allow for easy trailer maneuvering and drive-through access. The property is conveniently located within two miles of I-75 and seven miles from the I-10 interchange, providing unparalleled access for distribution. Lake City offers a range of amenities, including restaurants, recreational activities, and educational institutions, such as a local junior college, with the University of Florida and its renowned healthcare system a short 30-minute drive away. The property's 400-amp power supply further enhances its operational capabilities. The zoning is designated as Office Warehouse.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2006
Construction STEEL FRAME
Total area 8,400 SF
Lot 1 ac (43,560 SF)
APN 01-4S-16-02703-012
UPID US18-4614945

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Ambulance Service

Location

1509 Century Gln Lake City, FL 32025-7401
Lake City metro Census 110500 LAKE CITY, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2004
3 recorded transactions
2004
$100,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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