Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    255 6th Ave Lake Butler, FL 32054-2225
    Property profile & analytics

    255 6th Ave, Lake Butler, FL 32054-2225

    View on Map
    • Schools
    • 18,051 SF
    • 3.07 lot acres
    Off-Market
    Property ID
    US18-3311856
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Schools

    Property Details for 255 6th Ave

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    3.07 lot acres
    Property type
    Schools
    APN
    32-05-20-22-002-0030-0
    APU
    3205202200200300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 2007 $285,900 Little Rainbows Learning Center INC City Of Lake Butler Warranty Deed $333k · Community

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Butler
    County
    Union
    State
    Florida
    Longitude
    -82.3301
    Latitude
    30.021

    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
    $4,722
    $40,794
    $193,662
    $234,456
    -
    $40,794
    $193,662
    $234,456

    Comparable in this City

    • Value Estimation by Request
      1,866 SF

      Sr 121

      COLLEGE, UNIVERSITY, VOC SCHOOL
      Sr 121, Lake Butler, FL 32054
      View Details
    • Value Estimation by Request
      1.00 Acre

      87th Path

      CREMATORIUM, MORTUARY
      87th Path, Lake Butler, FL 32054
      View Details
    • Value Estimation by Request
      4.00 Acres

      81st Ave

      CREMATORIUM, MORTUARY
      81st Ave, Lake Butler, FL 32054
      View Details
    • Value Estimation by Request
      2,870 SF

      52 Masonic Ldg

      PROFESSIONAL CLUBS/ASSOCIATIONS
      52 Masonic Ldg, Lake Butler, FL 32054
      View Details
    • Value Estimation by Request
      4,488 SF

      285 1st Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      285 1st Ave, Lake Butler, FL 32054-1201
      View Details
    • Value Estimation by Request
      2.50 Acres

      Cr 239a

      CREMATORIUM, MORTUARY
      Cr 239a, Lake Butler, FL 32054
      View Details

    Similar Nearby for Sale

    • $700,000

      27.6 Acres on State Road

      27.6-acre property suitable for redevelopment or adaptive reuse.
      9422 Southwest State Road 121, Lake Butler, FL 32054
      View Details
    • $90,000
      1.56 Acres

      Move-on Ready Cleared Corner Lot

      1.56 acre lot with improvements in Lake Butler, Florida.
      12902 County Road 241, Lake Butler, FL 32054
      View Details
    • New
      $52,500
      Pending

      Lake Butler Wooded Acreage

      Picturesque 1+ acre wooded parcel in quiet Lulu area.
      9535 NW 147Th Ter, Lake Butler, FL 32054
      View Details
    • $124,900

      Land For Sale

      Land available in Lake Butler, Florida.
      9 SW 39Th Dr, Lake Butler, FL 32054
      View Details
    • $52,500

      Land Parcel in Lake Butler

      Land for sale in Lake Butler, Florida.
      9535 NW 147Th Ter, Lake Butler, FL 32054
      View Details
    • $125,000
      194,277 SF

      4.46 Acres in Union County

      4.46-acre parcel in rural Union County, ready for development.
      12960 County Road 241, Lake Butler, FL 32054
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    255 6th Ave
    Lake Butler, FL 32054-2225
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    255 6th Ave, Lake Butler, FL, 32054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!