170 Professional Gln Lake City, FL 32025-1104
Property profile & analytics
170 Professional Gln Lake City, FL 32025-1104
- Medical Office Space
- 9,869 SF
- 0.81 lot acres
Property ID
US18-3430942
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Lake City Animal Hospital: Brady Pratt DVM / Veterinary Clinic
- Lake City Animal Hospital / Veterinary Clinic
- Hawthorne Tracy DVM / Veterinary Clinic
Property Details for 170 Professional Gln
- Year built
- 1996
- Construction
- FRAME
- Lot size
- 0.81 lot acres
- Property size
- 9,869 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 05-4S-17-07610-102
- APU
- 054S1707610102
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,000-square-foot veterinary hospital in Lake City, Florida. The property, built in 1996 and situated on a 0.81-acre lot at 170 SW Professional Glen, 32055, enjoys a prime location near US Highway 90 and Interstate 75, ensuring high visibility and accessibility. Currently operating under a Net Lease (NNN) agreement with a national veterinary operator, American Veterinary Group, the lease commenced August 4, 2022, and extends until August 31, 2037, with a remaining term of 12.7 years. The lease includes a robust 2% annual rent increase, mitigating inflation risks and guaranteeing consistent revenue growth. The property boasts 100% occupancy and a strong Net Operating Income (NOI) of $112,378, resulting in an attractive 6.52% cap rate. The tenant provides comprehensive veterinary services, making this a recession-resistant investment in a growing industry. This is a single-tenant, fee-simple ownership with minimal landlord responsibilities, offering a passive investment opportunity with significant long-term potential. The property's strategic location and the tenant's strong financial performance make this a compelling investment prospect.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Columbia
- State
- Florida
- Longitude
- -82.6389
- Latitude
- 30.1678
- CBSA code
- 29380
- CBSA name
- LAKE CITY, FL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,234
$105,849
$399,000
$504,849
-
$105,849
$399,000
$504,849
