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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Drive through restaurants
2640 Us Hwy 90 Lake City, FL 32055-4726
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-2373575
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2002
Construction
FRAME
Total area
3,712 SF
Lot
1.01 ac (44,086 SF)
Zoning code
CI
APN
36-3S-16-02615-000
UPID
US18-2373575
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
-
Zaxby's Chicken Fingers & Buffalo Wings Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.61M
Owner & transaction history
Bridgeworks Properties LLC · 4 yrs held
Bridgeworks Properties LLC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
CI · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,720,000
ML approach
$2,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.61M
Range $2.35M – $2.87M · ±10% · vs last sale $2.50M (Jul 22 2021)
Last sale anchor
$2.50M
Jul 22 2021
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
$703 / 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
$26,307
Tax year 2023
Assessed value
$1,384,040
Assessed 2023
Previous assessed
$1,375,968
+0.6% YoY
Effective rate
1.90%
On assessed value
Assessed land
$1,018,387
Assessed improvement
$365,653
Land market value
$1,018,387
Improvement market value
$365,653
Total market value
$1,384,040
Applied tax rate
1.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
4
Total area
3,712 SF
Lot
1.01 ac (44,086 SF)
Zoning code
CI
APN
36-3S-16-02615-000
UPID
US18-2373575
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.
Building & site characteristics
From public records
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Lot
1.01 ac
Current owner
From public records · entity-resolved
Bridgeworks Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
501 E 10TH ST STE A, TALLAHASSEE, FL 32308-4906
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
Bridgeworks Properties LLC
—
Deed
related
$680,561 · Commercial Banking Co
Jul 22, 2021
$2,500,000
Bridgeworks Properties LLC
Teresa Ann West Tuggle
Special Warranty Deed
—
Jul 22, 2021
—
Teresa Ann West Tuggle
1885 LLC
Warranty Deed
—
Sep 24, 2001
$182,700
Westfield Group Ltd
Rountree Trust
Grant Deed
$104,700 · Rountree Trust
Sep 24, 2001
$590,000
Martin Capital LLC
Rountree Trust
Grant Deed
related
$1,136,534 · Heritage Bank
Feb 5, 1999
$100,000
Lake County (fl)
Rountree,j B & Joan M
Grant Deed
—
—
—
1885 Lllp
—
Deed Of Trust
related
$2,400,000 · United Cmnty Bk
—
—
1885 Lllp
—
Deed Of Trust
related
$2,509,000 · Brand Banking
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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