Property profile

2529 State Rd 47 Lake City, FL 32025

OFF-MARKET
Warehouses
Property ID
US18-6972302
12,375 SF 7.91 ac lot Built 2016
Individually Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2016
Construction STEEL FRAME
Total area 12,375 SF
Lot 7.91 ac (344,560 SF)
Zoning code CI
APN 18-4S-17-08479-005
UPID US18-6972302

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2529 State Rd 47 Lake City, FL 32025-3168
Lake City metro Census 110700 LAKE CITY, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$770k

Owner & transaction history

since 2015
3 recorded transactions
2018
Price N/A
2015
$123,100
1969
Price N/A

Zoning & alternative use

CI · Lake City, FL
Zoning description

except for signs in Commercial, Intensive (CI), Commercial, Highway Interchange (CHI), Industrial, Light and Warehousing (ILW) and Industrial (I) zoning districts, which shall be no higher than thirty-five (35) feet from…

General category COMMERCIAL
Top alternative use upside
Medical building $1.0M +42.7%
Auto repair, garage $870,000 +23.4%
Neighborhood: shopping center $785,000 +11.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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