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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Investment properties
197 Waterford Ct Lake City, FL 32025-0711
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4633888
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2005
Construction
STEEL FRAME
Total area
8,522 SF
Lot
0.55 ac (23,887 SF)
Zoning code
CI
APN
31-3S-17-06247-121
UPID
US18-4633888
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
-
Busy Bee Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$830k
Owner & transaction history
Johnson & Johnson INC · 7 yrs held
Johnson & Johnson INC
since 2018
7 recorded transactions
Zoning & alternative use
CI · 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
COMMERCIAL (GENERAL)
$775,000
Current use
RETAIL STORES
$710,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$97 / 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
$7,698
Tax year 2023
Assessed value
$486,648
Assessed 2023
Previous assessed
$463,907
+4.9% YoY
Effective rate
1.58%
On assessed value
Assessed land
$29,000
Assessed improvement
$457,648
Land market value
$29,000
Improvement market value
$457,648
Total market value
$486,648
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
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
29
Total area
8,522 SF
Lot
0.55 ac (23,887 SF)
Zoning code
CI
APN
31-3S-17-06247-121
UPID
US18-4633888
Jurisdiction
COLUMBIA
Zoning & alternative use
CI · Lake City, FL
Zoning CI · permitted uses
CI · 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
COMMERCIAL (GENERAL) Current
Est. value
$775,000
RETAIL STORES
Est. value
$710,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
29
Lot
0.55 ac
Current owner
From public records · entity-resolved
Johnson & Johnson INC
Entity
Mailing address
PO BOX 157, MADISON, FL 32341-0157
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2018
—
Johnson & Johnson INC
—
Deed
related
$377,200 · Lafayette State Bank
Sep 17, 2018
$372,500
Johnson & Johnson INC
Pioneer Credit Recovery INC
Grant Deed
—
Aug 31, 2011
$550,000
Pioneer Credit Recovery INC
Sc Services & Associates INC
Warranty Deed
related
—
Aug 31, 2007
$863,000
Sc Services & Associates INC
Southeast Developers Group INC
Warranty Deed
$650,000 · Peoples State Bank
Aug 24, 2007
$234,300
Southeast Developers Group INC
Blank,trevor
Warranty Deed
—
Oct 28, 2005
$300,000
Southeast Developers Group INC
Southeast Developers Group INC
Warranty Deed
related
—
Jul 29, 2004
$49,900
Southeast Developers Group INC
Westfield Group Lllp
Warranty Deed
$260,000 · Westfield Gourp Ltd
—
—
Sc Services & Associates INC
—
Deed Of Trust
related
$600,000 · Mercantile Bank
—
—
Sc Services & Associates INC
—
Deed Of Trust
related
$561,000 · Prosperity Bank
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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