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    Property profile & analytics

    260 S Marion Ave Lake City, FL 32025

    • Office Properties & Spaces
    • 16,050 SF
    • 0.96 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5109171
    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.

    Current Use by Public Records

    • ITM Group / Psychologist
    • Wainwright Judicial Services Inc. / Court Reporter
    • Lake City Laboratory / Drug Testing Service
    • Shellie C. May, Med / Speech Pathologist
    • Oasis of Hope, LLC / Psychotherapist

    Property Details for 260 S Marion Ave

    Year built
    1975
    Construction
    FRAME
    Lot size
    0.96 lot acres
    Property size
    16,050 SF
    Zone code
    *CG
    Property type
    Office Properties & Spaces
    APN
    00-00-00-12784-001
    APU
    12784001

    Description

    This exceptional Lake City, Florida office space, located at 260 S Marion Ave, offers 1,500 square feet of versatile traditional and executive office space. Situated within a larger 15,577 square foot Class B building on a 0.96-acre lot (APN: 00-00-00-12784-001), this property presents a unique opportunity. The building features ample parking with 45 spaces available. While the building does not have elevators, the single-story layout ensures easy accessibility. The property is conveniently located in the Lake City submarket of Columbia County, Florida (zip code 32025). Currently, this 1,500 square foot space is available for lease at a monthly rate of $1,600. However, the entire parcel or a nearby site presents potential sale opportunities. Detailed information regarding potential sale options is available upon request. This property is ideal for businesses seeking a well-located, functional office space in a thriving community. The multiple tenancy structure offers flexibility and potential for collaboration. Interested parties should inquire promptly to explore this promising investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $875,000
      Market price range: $764k - $2.51M
      AI Estimate
      $1,005,000
      Market price range: $920k - $2.50M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,460,000
      Current use
      RETAIL STORES
      $1,340,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6375
    Latitude
    30.187
    CBSA code
    29380
    CBSA name
    LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

    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
    $13,285
    $105,000
    $446,465
    $551,465
    -
    $105,000
    $446,465
    $551,465

    Comparable in this City

    • Value Estimation by Request
      3,147 SF

      1905 Epiphany Ct

      OFFICE (GENERAL) • 3,147 SF
      1905 Epiphany Ct, Lake City, FL 32025-0009
      View Details
    • Value Estimation by Request
      1,788 SF

      671 State Rd 100

      OFFICE (GENERAL) • 1,788 SF
      671 State Rd 100, Lake City, FL 32025-4802
      View Details
    • Value Estimation by Request
      1,155 SF

      265 Baya Dr

      OFFICE (GENERAL) • 1,155 SF
      265 Baya Dr, Lake City, FL 32025-5984
      View Details
    • Value Estimation by Request
      2,916 SF

      284 Baya Dr

      Office space • 2,916 SF
      284 Baya Dr, Lake City, FL 32025
      View Details
    • Value Estimation
      $645,000
      7,047 SF

      1009 Main Blvd

      OFFICE (GENERAL) • 7,047 SF
      1009 Main Blvd, Lake City, FL 32025-5781
      View Details
    • Value Estimation by Request
      2,473 SF

      642 Marion Ave

      OFFICE (GENERAL) • 2,473 SF
      642 Marion Ave, Lake City, FL 32025-5810
      View Details

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      Fully leased office complex near I-75, a steady income generator.
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    • New
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      Lake City Office Space Available

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    Similar Nearby for Lease

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      View Details
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    260 S Marion Ave
    Lake City, FL 32025
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    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
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