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Property profile & analytics
OFF-MARKET Estimated value $550,000
Strip malls

265 Malone St Lake City, FL 32025-0017

9,348 SF 1.28 ac lot Built 2003
Entity Owned 10-yr Hold Free & Clear
Property ID
US18-3679491
Property summary
AI-generated overview

This exceptional commercial property, located at 265 SW Malone St, Lake City, FL 32025, offers 1,155 square feet of versatile space ideal for a variety of office uses. The single-story building, constructed in 2003, is situated on a convenient location off Highway 41, providing excellent visibility and accessibility. The property's zoning is Commercial, and its APN is 05-4S-17-07610-201. The space is currently vacant and ready for immediate occupancy. Multiple tenants are possible. The building features no elevators. This property is perfect for executive offices, medical offices, or traditional office uses, as well as professional practices and retail businesses. Its proximity to a high school offers a strategic advantage for businesses targeting a local clientele. Common area maintenance (CAM) charges are $6 per square foot. The property is part of the Marion Crossing development. This is a rare opportunity to secure a well-located, functional space in a thriving area of Lake City. Inquire today to learn more about leasing this exceptional property.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2003
Construction STEEL FRAME
Total area 9,348 SF
Lot 1.28 ac (55,756 SF)
Zoning code CI
APN 05-4S-17-07610-201
UPID US18-3679491
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
  • Florida Retina Institute Medical Clinic Ophthalmologist
  • Labcorp Diagnostic Center Drug Testing Service
  • Momex Foods Grocery & Convenience Store Food Market
  • Meskel & Associates Engineering Engineering Consultant
  • PDR Mobile Auto Dent Removal & Paint Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
$735k
Blend (final) Blend
$550k
Owner & transaction history
Cornerstone Partners LP · 10 yrs held
Cornerstone Partners LP
since 2016
3 recorded transactions
2016
$2.8M
2002
Price N/A
2002
$350,000
Zoning & alternative use
CI · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 established grade. 9. Glare. Illuminated signs which result in glare or reflection of light on residential property in the surrounding area…

Zone name Commercial Intensive
General category COMMERCIAL
Zone area 780.48 ac
Source 24 ldr lakec
Top alternative use upside
Medical building $760,000 +27.8%
Auto repair, garage $655,000 +10.5%
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