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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Warehouses
2529 State Rd 47, Lake City, FL 32025-3168
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6972302
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Mini-storage & Record Storage · 11 yrs held
Mini-storage & Record Storage
since 2015
3 recorded transactions
Zoning & alternative use
CI · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+42.7%
Auto repair, garage
$870,000
+23.4%
Neighborhood: shopping center
$785,000
+11.7%
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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$705,000
Current use
MEDICAL BUILDING
$1,005,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$870,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$755,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$62 / 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
$33,383
Tax year 2023
Assessed value
$2,241,094
Assessed 2023
Previous assessed
$1,745,734
+28.4% YoY
Effective rate
1.49%
On assessed value
Assessed land
$197,750
Assessed improvement
$2,043,344
Land market value
$197,750
Improvement market value
$2,043,344
Total market value
$2,241,094
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Units
74
Total area
12,375 SF
Lot
7.91 ac (344,560 SF)
Zoning code
CI
APN
18-4S-17-08479-005
UPID
US18-6972302
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
WAREHOUSE, STORAGE Current
Est. value
$705,000
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
RETAIL STORES
Est. value
$755,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
74
Lot
7.91 ac
Current owner
From public records · entity-resolved
Mini-storage & Record Storage
Individual
Free & Clear · 11 yrs held
Mailing address
442 SW SAINT MARGARETS ST, LAKE CITY, FL 32025-6922
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2018
—
Mini-storage & Record Storage
—
Deed
related
$500,000 · First Fsb/fl
May 1, 2015
$123,100
Mini-storage & Record Storage
Hall Charles W & Robin W
Warranty Deed
—
—
—
Mini-storage & Record Storage
—
Deed Of Trust
related
$500,000 · First Fsb/fl
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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