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Property profile & analytics
FOR SALE
Outlet malls

215 SW Home Depot Dr Lake City, FL 32025

123,187 SF 25.19 ac lot Built 2006
Entity Owned 20-yr Hold Free & Clear
Property ID
US18-3792663
Property summary
AI-generated overview

This exceptional 0.6-acre commercial land parcel presents a prime retail opportunity in Lake City, Florida. Strategically located directly in front of The Home Depot on SW Home Depot Drive, this multi-tenancy site benefits from exceptional visibility and high traffic counts. Its proximity to the Lake City Mall (less than half a mile away) further enhances its desirability. The property boasts a strong retail environment, surrounded by a diverse range of established businesses including Walgreens, CVS Pharmacy, Advance Auto Parts, AutoZone, Ashley Furniture, Dollar General, Harbor Freight, Hobby Lobby, Ross Dress for Less, Publix, PetSmart, Walmart, Lowe's, and Office Depot. This location offers unparalleled access to a substantial customer base, making it ideal for a variety of retail ventures. The property's size and prominent location make it an attractive investment for developers seeking a high-impact commercial presence in a thriving retail corridor. The 32025 zip code ensures easy access to a large population base. This is a rare opportunity to acquire a highly visible and well-positioned commercial lot in a rapidly growing area. Serious inquiries are encouraged.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2006
Construction CONCRETE
Total area 123,187 SF
Lot 25.19 ac (1,097,276 SF)
APN 01-4S-16-02640-000
UPID US18-3792663
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
  • Penske Truck Rental Car Rental Facility
  • Yale KeyExpress Locksmith
  • Amerigas Propane Exchange Propane Supplier
  • Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
  • The Home Depot Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.30M
Blend (final) Blend
$8.93M
Owner & transaction history
Home Depot USA INC · 20 yrs held
Home Depot USA INC
since 2006
2 recorded transactions
2006
$2.4M
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $11.2M +9.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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