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Property profile & analytics
OFF-MARKET
Estimated value
$27,675,000
Refrigerated & Cold Storage
3049 Us Hwy 441, Lake City, FL 32055-4939
Entity Owned
17-yr Hold
Free & Clear
Property ID
US18-6952059
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
423,815 SF
Lot
76.83 ac (3,346,715 SF)
Zoning code
CHI
APN
17-3S-17-04974-000
UPID
US18-6952059
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
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.68M
Owner & transaction history
Columbia County · 17 yrs held
Columbia County
since 2009
4 recorded transactions
Zoning & alternative use
CHI · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$36.0M
+12.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$31,890,000
Current use
AUTO REPAIR, GARAGE
$35,980,000
Change: +13% · Conversion: Easy
MEDICAL BUILDING
$29,110,000
Change: -9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$26,940,000
Change: -16% · Conversion: Moderate
RETAIL STORES
$25,570,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$27.68M
Range $24.91M – $30.44M · ±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
$65 / 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
$836,779
Tax year 2023
Assessed value
$45,115,727
Assessed 2023
Previous assessed
$43,291,897
+4.2% YoY
Effective rate
1.85%
On assessed value
Assessed land
$1,190,865
Assessed improvement
$43,924,862
Land market value
$1,190,865
Improvement market value
$43,924,862
Total market value
$45,115,727
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Total area
423,815 SF
Lot
76.83 ac (3,346,715 SF)
Zoning code
CHI
APN
17-3S-17-04974-000
UPID
US18-6952059
Jurisdiction
COLUMBIA
Zoning & alternative use
CHI · Lake City, FL
Zoning CHI · permitted uses
CHI · 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
WAREHOUSE, STORAGE Current
Est. value
$31.9M
AUTO REPAIR, GARAGE
Est. value
$36.0M
MEDICAL BUILDING
Est. value
$29.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.9M
RETAIL STORES
Est. value
$25.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Lot
76.83 ac
Current owner
From public records · entity-resolved
Columbia County
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 9456, MINNEAPOLIS, MN 55440-9456
Ownership since
2009
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
Jun 17, 2009
—
Columbia County
Target Corp
Quit Claim Deed
related
—
Jan 16, 2008
—
State Of Fl Dept/transortation
Corp,target
Warranty Deed
—
Apr 9, 2007
$40,000
Target Corp
Davis,jewell L & Glenn C
Warranty Deed
—
Dec 1, 2006
$1,880,300
Target Corp
I-10 Timber
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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