Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    342 Main Blvd Lake City, FL 32055-3309
    Back to Search
    Property profile & analytics

    342 Main Blvd Lake City, FL 32055-3309

    View on Map
    • Warehouses
    • 4,893 SF
    • 0.59 lot acres
    Off-Market
    Property ID
    US18-2813674
    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

    • Nature's Own Bakery Outlet / Department Store

    Property Details for 342 Main Blvd

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.59 lot acres
    Property size
    4,893 SF
    Zone code
    *CG
    Property type
    Warehouses
    APN
    00-00-00-12230-000
    APU
    12230000

    Description

    This exceptional investment opportunity presents a 3,877-square-foot industrial property located at 342 NW Main Boulevard in Lake City, Florida. The property, built in 1990, is a concrete block structure situated on approximately 0.59 acres and benefits from a corner lot with full access. Currently operating under a single-tenant, net lease agreement (NNN), the property is zoned CG and has been occupied for over 30 years by the same tenant, Flowers. The lease expires January 1, 2029, with a remaining term of approximately 4.1 years, and includes a tenant option to renew. The asking price is $600,000, translating to $154.76 per square foot. The property's subtype is R&D and Warehouse, making it suitable for a variety of uses. Landlord responsibilities include roof, structure, and mechanical/plumbing maintenance exceeding $5,000. Significant improvements include roof work completed in 2013. This is a rare opportunity in a tax-free state, with limited comparable properties currently available on the market. The property's strong tenancy history and favorable lease terms make it an attractive investment for discerning buyers.

    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
    -82.6399
    Latitude
    30.1929
    CBSA code
    29380
    CBSA name
    LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,127
    $115,515
    $93,891
    $209,406
    -
    $115,515
    $93,891
    $209,406

    Comparable in this City

    • Value Estimation by Request
      7,800 SF

      1539 Main Blvd

      Distribution properties • 7,800 SF
      1539 Main Blvd, Lake City, FL 32055
      View Details
    • Value Estimation by Request
      87 SF

      Lake

      STORAGE YARD, OPEN STORAGE • 87 SF
      Lake, City, FL 32055
      View Details
    • Value Estimation by Request
      7,454 SF

      196 Chestnut Ave

      WAREHOUSE, STORAGE • 7,454 SF
      196 Chestnut Ave, Lake City, FL 32055-4134
      View Details
    • Value Estimation by Request
      1,044 SF

      703 Davis Ave

      STORAGE YARD, OPEN STORAGE • 1,044 SF
      703 Davis Ave, Lake City, FL 32055
      View Details
    • Value Estimation by Request
      7,000 SF

      2988 Us Hwy 41

      WAREHOUSE, STORAGE • 7,000 SF
      2988 Us Hwy 41, Lake City, FL 32055-8189
      View Details
    • Value Estimation by Request
      5,950 SF

      522 Alachua Ave

      WAREHOUSE, STORAGE • 5,950 SF
      522 Alachua Ave, Lake City, FL 32055-2818
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Functional Warehouse/Distribution Facility For Sale

      Well-maintained industrial asset ideal for logistics, distribution, or light manufacturing.
      143 Northeast Armor Gln, Lake City, FL 32055
      View Details
    • Contact for pricing
      25,805 SF

      Versatile Commercial Asset with Income Streams

      Multi-functional property with retail, industrial, and residential income potential.
      1524 NW Main Blvd, Lake City, FL 32055
      View Details
    • $699,000
      Pending

      Lake City Industrial Property

      15,000 SF industrial property on 1.72 acres in Lake City.
      3887 E Us Highway 90, Lake City, FL 32055
      View Details
    • $2,975,000
      26,000 SF

      Versatile Commercial Asset with Airbnb Units

      Multi-functional commercial property with retail, industrial, and residential income.
      1524 NW Main Blvd, Lake City, FL 32055
      View Details
    • $3,500,000
      37.84 Acres

      Lake City Industrial Land Available

      38+/- acres of industrial land with highway access.
      1539 NW Main Blvd, Lake City, FL 32055
      View Details
    • $699,000

      Freedom Storage Investment Opportunity

      Self-storage facility with expansion potential in Lake City, Florida.
      3010 NW Us Highway 41, Lake City, FL 32055
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Restaurant Site For Rent

      Former restaurant site in Lake City retail corridor.
      2281 W Us Highway 90, Lake City, FL 32055
      View Details
    • $10,500 /Mo
      800 SF

      Retail Space on Duval Street

      Commercial unit for rent in high-traffic Duval Street corridor.
      1780 E Duval St, Lake City, FL 32055
      View Details
    • Contact for pricing

      Lake City Commercial Land Opportunity

      1.5 Acres, Highway 90 & I-75
      90 & I-75 Hwy, Lake City, FL 32055
      View Details
    • $9 SF/Yr
      16,731 SF

      Retail Space in High Traffic Area

      Retail space available in a desirable, high-traffic location.
      2311 West Us Highway 90, Lake City, FL 32055
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    342 Main Blvd
    Lake City, FL 32055-3309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    342 Main Blvd, Lake City, FL, 32055
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!