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    Property profile & analytics

    173 Hillsboro St Lake City, FL 32055-2890

    • Banks
    • 9,644 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimation
    $1,155,000
    Last Sale
    Apr 30, 2021
    $1,100,000
    Location Intelligence
    Property ID
    US18-2705075
    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.

    Current Use by Public Records

    • City of lake City utility customer service / Corporate Office
    • Millennium Bank Lake City Downtown Branch / Bank

    Property Details for 173 Hillsboro St

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.01 lot acres
    Property size
    9,644 SF
    Zone code
    *C-CBD
    Property type
    Banks
    APN
    00-00-00-11983-000
    APU
    11983000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,135,000
      6.5%
      $1,050,000
      7%
      $1,150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $940,000
      Geo Method
      $1,090,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $905,000
      Retail
      $895,000
      Mixed-Use
      $925,000
      Hospitality
      $890,000
      Educational
      $1,005,000
      Residential Income
      $1,130,000
      Energy
      $970,000
      Income-Based Land
      $1,180,000
      Food Service
      $1,145,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6384
    Latitude
    30.193
    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
    $0.00
    $165,375
    $441,699
    $607,074
    -
    $165,375
    $441,699
    $607,074

    Comparable in this City

    • Value Estimation by Request
      5,757 SF

      2571 Us Hwy 90

      FINANCIAL BUILDING • 5,757 SF
      2571 Us Hwy 90, Lake City, FL 32055-7256
      View Details
    • Value Estimation by Request
      7,060 SF

      1658 Us Hwy 90

      FINANCIAL BUILDING • 7,060 SF
      1658 Us Hwy 90, Lake City, FL 32055-4701
      View Details
    • Value Estimation by Request
      5,056 SF

      2357 Us Hwy 90

      FINANCIAL BUILDING • 5,056 SF
      2357 Us Hwy 90, Lake City, FL 32055-4725
      View Details
    • Value Estimation by Request
      4,728 SF

      3882 Us Hwy 90

      FINANCIAL BUILDING • 4,728 SF
      3882 Us Hwy 90, Lake City, FL 32055-4872
      View Details
    • Value Estimation
      $525,000
      9,235 SF

      160 Main Blvd

      FINANCIAL BUILDING • 9,235 SF
      160 Main Blvd, Lake City, FL 32055-3954
      View Details
    • Value Estimation
      $385,000
      2,671 SF

      463 Duval St

      FINANCIAL BUILDING • 2,671 SF
      463 Duval St, Lake City, FL 32055-3898
      View Details

    Similar Nearby for Sale

    • $1,990,000

      Lake City Commercial Property I-75

      Commercial property with motel, gas station, and convenience store.
      3816 W Us Highway 90, Lake City, FL 32055
      View Details
    • $249,000

      Commercial Building in Downtown Lake

      Commercial building in Lake City suitable for store or office.
      508 N Marion Ave, Lake City, FL 32055
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    • $1,800,000
      3,607 SF

      Retail Property Near Lake City Mall

      Retail space near Walmart and Lowe's, formerly a restaurant.
      3585 NW Bascom Norris Dr, Lake City, FL 32055
      View Details
    • $4,867,000
      15,120 SF

      Lake City Retail Outparcel

      Corner retail property near major retailers and transportation routes.
      2094 W Us Highway 90, Lake City, FL 32055
      View Details
    • $2,200,000
      5.91 Acres

      Lake City Retail Opportunity

      High-Visibility Corner Lot, Vacant, 5.91 Acres
      Lake City, FL 32055
      View Details
    • $650,000
      1,770 SF

      Lake City Mixed-Use Investment Opportunity

      Gas station, hotel, restaurant; prime location.
      3827 Us-441, Lake City, FL 32055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,377 SF

      Retail Space in Lake City

      Grocery-anchored neighborhood center along US Highway 90.
      255 NW Commons Loop, Lake City, FL 32055
      View Details
    • $9 SF/Yr
      16,731 SF

      Retail Space in High Traffic Area

      Retail space available in a desirable, high-traffic location.
      2311 West Us Highway 90, Lake City, FL 32055
      View Details
    • $10,500 /Mo

      Retail Space on Duval Street

      Commercial unit for rent in high-traffic Duval Street corridor.
      1780 E Duval St, Lake City, FL 32055
      View Details
    • Contact for pricing
      212,271 SF

      Lake City Mall Retail Spaces

      High-traffic mall; three spaces available.
      2469 Us Highway 90, Lake City, FL 32055
      View Details
    • Contact for pricing
      5,109 SF

      Lake City Restaurant Outparcel

      Prime Restaurant Space, High Traffic Area
      2281 Us Highway 90, Lake City, FL 32055
      View Details
    • $18 SF/Yr
      83,595 SF

      Downtown Lake City Office Space

      Historic building, prime location, 1,476 sq ft.
      204 Marion Ave, Lake City, FL 32055
      View Details
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    173 Hillsboro St
    Lake City, FL 32055-2890
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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