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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Retail space
164 Madison St Lake City, FL 32055-3904
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-9873949
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,051 SF
Lot
1.01 ac (44,100 SF)
Zoning code
*C-CBD
APN
00-00-00-12682-000
UPID
US18-9873949
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
-
Sandra Williams Insurance Agency
-
Columbia County Industrial Development County Government Office
-
LAURA HARVEY MCCLUNG Physician
-
Vann Carpet One Carpet & Flooring Store
-
Club Community Care Community Health Centre
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.70M
Owner & transaction history
4 Partners Real Estate LLC · 1 yrs held
4 Partners Real Estate LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
*C-CBD · 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
$1,700,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,515,000
Current use
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.70M (Sep 9 2024)
Last sale anchor
$1.70M
Sep 9 2024
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
$59 / 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
$22,252
Tax year 2023
Assessed value
$901,104
Assessed 2023
Previous assessed
$901,104
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$165,375
Assessed improvement
$735,729
Land market value
$165,375
Improvement market value
$735,729
Total market value
$901,104
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
32
Total area
29,051 SF
Lot
1.01 ac (44,100 SF)
Zoning code
*C-CBD
APN
00-00-00-12682-000
UPID
US18-9873949
Jurisdiction
COLUMBIA
Zoning & alternative use
*C-CBD · Lake City, FL
Zoning *C-CBD · permitted uses
*C-CBD · 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
RETAIL STORES Current
Est. value
$1.5M
RETAIL STORES Current
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
32
Lot
1.01 ac
Current owner
From public records · entity-resolved
4 Partners Real Estate LLC
Entity
Free & Clear · 1 yrs held
Mailing address
164 SW MADISON ST, LAKE CITY, FL 32055
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
$1,700,000
4 Partners Real Estate LLC
Gibsons Furniture Store Of Lake Cit
Warranty Deed
—
Apr 5, 2018
$950,000
Marc Vann
Sbt Group Of Lake City LLC
Warranty Deed
$900,000 · Sbt Group Of Lake City LLC
Jul 2, 2008
$1,512,500
Sbt Group Of Lake City LLC
Daniel Crapps
Warranty Deed
$1,000,000 · First Federal Bank Of Florida
Jul 2, 2008
—
Sbt Group Of Lake City LLC
Crapps,daniel
Grant Deed
related
—
May 9, 2006
$950,000
Daniel Crapps
First States Invtrs 5300 LLC
Grant Deed
$425,000 · Terry Mcdavid
Apr 7, 2005
$914,700
First States Invtrs 5300 LLC
First States Invtrs 5200 LLC
Grant Deed
—
Oct 26, 2004
$912,700
First States Invtrs 5200 LLC
Bank Of America NA
Grant Deed
related
—
—
—
Sbt Group Of Lake City LLC
—
Deed Of Trust
related
$880,000 · Columbia Bk
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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