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    284 Baya Dr Lake City, FL 32025

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    284 Baya Dr Lake City, FL 32025

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    • Office Units
    • 2,916 SF
    • 3.08 lot acres
    Off-Market
    Property ID
    US18-3604223
    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

    • Therapeutic Art Studio / Alternative Medicine Practice / Spa & Massage Center
    • Koon Legal / Law Firm
    • Vanessa Rende Inc. / Consultant / Coaching Center

    Property Details for 284 Baya Dr

    Year built
    1972
    Lot size
    3.08 lot acres
    Property size
    2,916 SF
    Property type
    Office Units

    Description

    This exceptional 2,916 square foot office building, constructed in 1972, is situated on a 3.08-acre corner lot at the intersection of US-41 and Baya Drive in Lake City, Florida. The single-story brick building features aluminum windows, a shingle roof, and 8-foot ceilings. The interior boasts a beautifully appointed reception area, two conference rooms, six private offices, a clerical area, three bathrooms, and a kitchen with dining area (appliances included). Vinyl plank and wood laminate flooring enhance the professional aesthetic. The building is equipped with central electric heating and cooling and is handicap accessible with private restrooms. Exterior features include security lighting, trash collection, handicap access, and seven paved parking spaces. The property benefits from paved access via state and county roads, public water and sewer connections, and 220-volt electricity. Currently occupied by a professional services business, the sale includes both the land and building. There are no HOA special assessments. The property's convenient location and well-maintained condition make it an ideal investment opportunity. The tax IDs are 00-00-00-13898-000, 00-00-00-14072-001, and 00-00-00-13906-000. Financing options include cash and conventional loans. Possession is at closing. The zoning is COM. The property is located in Flood Zone X.

    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 City
    County
    Columbia
    State
    Florida
    Longitude
    -82.639914086866
    Latitude
    30.183847802215

    Comparable in this City

    • $198,654
      1,529 SF

      Lake City Office Space Available

      Professional office space with multiple offices, conference room, and kitchen.
      654 Baya Dr, Lake City, FL 32025
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    • $295,000
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      Lake City Professional Office

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      1166 SW Main Blvd, Lake City, FL 32025
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      3,168 SF

      Commercial Property with Highway Frontage

      3168 SF commercial property with garage, storage, and parking.
      2832 SW Main Blvd, Lake City, FL 32025
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    • $610,000
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      Highway Frontage Commercial Property

      3,168 sq ft commercial property on 1.501 acres.
      2832 SW Main Blvd, Lake City, FL 32025
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    • $1,120,000
      Pending

      Lake City Commercial Investment Opportunity

      Fully leased commercial property with long-term tenants and immediate income.
      260 S Marion Ave, Lake City, FL 32025
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    • New
      $350,000
      1,823 SF

      Main Boulevard Office Building

      Class B office building with expansion and investment potential.
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      View Details

    Similar Nearby for Sale

    • $295,000
      1,208 SF

      Lake City Professional Office

      Commercial office building with reception, exam rooms, and bathroom.
      1166 SW Main Blvd, Lake City, FL 32025
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    • Contact for pricing
      3,168 SF

      Commercial Property with Highway Frontage

      3168 SF commercial property with garage, storage, and parking.
      2832 SW Main Blvd, Lake City, FL 32025
      View Details
    • $610,000
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      Highway Frontage Commercial Property

      3,168 sq ft commercial property on 1.501 acres.
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      View Details
    • $198,654
      1,529 SF

      Lake City Office Space Available

      Professional office space with multiple offices, conference room, and kitchen.
      654 Baya Dr, Lake City, FL 32025
      View Details
    • $350,000

      Main Boulevard Office Building

      Class B office building with expansion and investment potential.
      229 SW Main Blvd, Lake City, FL 32025
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    • New
      $259,900
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      Remodeled Home Office Building

      Remodeled office building or residential income property in Lake City.
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    Similar Nearby for Lease

    • Contact for pricing
      1,801 SF

      Updated Office Condo For Rent

      Updated office condo with modern finishes, ideal for medical use.
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    • Contact for pricing

      Retail and Office Space Available

      Suites available in plaza with national tenants.
      879 SW Main Blvd, Lake City, FL 32025
      View Details
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    284 Baya Dr
    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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