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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Medical Office Space
2970 Us Hwy 90 Lake City, FL 32055-4700
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-6718653
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
STEEL FRAME
Total area
7,381 SF
Lot
0.98 ac (42,800 SF)
Zoning code
CG
APN
35-3S-16-02579-011
UPID
US18-6718653
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
-
Company Care - A Department of Lake City Medical Center Occupational Health Service
-
Morgan R. Ellis Cobran, DDS Dental Office
-
Emily Sklar, DMD Dental Office
-
HCA Florida Lake City Surgical Specialists Physician
-
Maliha Fatima, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$570k
Owner & transaction history
Smart Growth Lake City LLC · 12 yrs held
Smart Growth Lake City LLC
since 2014
4 recorded transactions
Zoning & alternative use
CG · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$855,000
+68.3%
Commercial (general)
$830,000
+63.6%
Auto repair, garage
$625,000
+23.6%
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
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$505,000
Current use
RESTAURANT
$855,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$625,000
Change: +24% · Conversion: Difficult
WAREHOUSE, STORAGE
$555,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$445,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
$77 / 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
$27,177
Tax year 2023
Assessed value
$1,392,921
Assessed 2023
Previous assessed
$1,427,337
-2.4% YoY
Effective rate
1.95%
On assessed value
Assessed land
$513,600
Assessed improvement
$879,321
Land market value
$513,600
Improvement market value
$879,321
Total market value
$1,392,921
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
36
Total area
7,381 SF
Lot
0.98 ac (42,800 SF)
Zoning code
CG
APN
35-3S-16-02579-011
UPID
US18-6718653
Jurisdiction
COLUMBIA
Zoning & alternative use
CG · Lake City, FL
Zoning CG · permitted uses
CG · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$505,000
RESTAURANT
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$470,000
RETAIL STORES
Est. value
$445,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
36
Lot
0.98 ac
Current owner
From public records · entity-resolved
Smart Growth Lake City LLC
Entity
Mailing address
343 NW COLE TER STE #201, LAKE CITY, FL 32055-7294
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2018
—
Smart Growth-lake City LLC
—
Grant Deed
related
$160,000,000 · Bank Of America
Jun 25, 2014
$2,509,700
Smart Growth Lake City LLC
U S Hwy 90 Heartland Complex LLC
Special Warranty Deed
$1,593,901 · Wells Fargo Bank NA
Oct 13, 2010
$400,000
S & G Properties INC
Royer,robert D
Warranty Deed
—
Sep 11, 2006
$575,000
Robert D Royer
Floyds Food LLC
Warranty Deed
—
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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