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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Warehouses
341 Ring Ct, Lake City, FL 32025-9700
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2769781
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
STEEL FRAME
Total area
25,032 SF
Lot
2.77 ac (120,661 SF)
Zoning code
ILW
APN
19-4S-17-08558-102
UPID
US18-2769781
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.19M
Owner & transaction history
Pallet Acquisition Co LLC · 10 yrs held
Pallet Acquisition Co LLC
since 2016
7 recorded transactions
Zoning & alternative use
ILW · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+23.4%
Neighborhood: shopping center
$1.6M
+11.7%
Retail stores
$1.5M
+7.5%
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
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,425,000
Current use
AUTO REPAIR, GARAGE
$1,760,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,590,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$1,530,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$48 / 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
$18,160
Tax year 2023
Assessed value
$1,208,404
Assessed 2023
Previous assessed
$1,148,226
+5.2% YoY
Effective rate
1.50%
On assessed value
Assessed land
$180,119
Assessed improvement
$1,028,285
Land market value
$180,119
Improvement market value
$1,028,285
Total market value
$1,208,404
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Rooms
17
Total area
25,032 SF
Lot
2.77 ac (120,661 SF)
Zoning code
ILW
APN
19-4S-17-08558-102
UPID
US18-2769781
Jurisdiction
COLUMBIA
Zoning & alternative use
ILW · Lake City, FL
Zoning ILW · permitted uses
ILW · 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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Rooms
17
Lot
2.77 ac
Current owner
From public records · entity-resolved
Pallet Acquisition Co LLC
Entity
Mailing address
6920 POINTE INVERNESS WAY STE #301, FORT WAYNE, IN 46804-7926
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jan 5, 2016
$1,386,000
Pallet Acquisition Co LLC
Hub City Industrial Supply INC
Warranty Deed
—
Apr 20, 2006
—
Hub City Industrial Supply INC
—
Trustees Deed
related
$317,000 · Mercantile Bank
Aug 24, 1999
$105,000
Hub City Industrial Supply INC
Horizon Industrial Supplies
Grant Deed
$84,000 · Cnb National Bank
—
—
Hub City Industrial Supply INC
—
Deed Of Trust
related
$346,677 · Mercantile Bank
—
—
Hub City Industrial Supply INC
—
Deed Of Trust
related
$208,000 · Mercantile Bank
—
—
Hub City Industrial Supply INC
—
Deed Of Trust
related
$1,500,000 · Bank Of America
—
—
Hub City Industrial Supply INC
—
Deed Of Trust
related
$1,681,176 · Mercantile Bank
—
—
Hub City Industrial Supply INC
—
Deed Of Trust
related
$409,000 · Mercantile Bank
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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