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    3719 Us Hwy 90 Lake City, FL 32055-1401
    Property profile & analytics

    3719 Us Hwy 90, Lake City, FL 32055-1401

    View on Map
    • Manufacturing properties
    • 95,534 SF
    • 10.14 lot acres
    Off-Market
    Property ID
    US18-4409824
    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
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 3719 Us Hwy 90

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    10.14 lot acres
    Property type
    Manufacturing properties
    APN
    35-3S-17-07294-000
    APU
    353S1707294000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 11, 2019 $550,000 Columbia Consolidated Warehous Sunnyview Warehouse LLC Warranty Deed $440k · Sunnyview Warehouse LLC
    Nov 26, 2014 — Sunnyview Warehouse LLC Bullard,audrey S Grant Deed —
    Oct 23, 2014 — Audrey S|denune Annesa Bullard Denune Harry C Quit Claim Deed · related —
    Aug 4, 2010 — Dixie Distributing INC — Trustees Deed · related $500k · Prosperity Bank
    — — Harry C Denune — Deed Of Trust · related $500k · Prosperity Bank
    — — Harry C Denune — Deed Of Trust · related $500k · Prosperity Bank
    — — Harry C Denune — Deed Of Trust · related $450k · Prosperity Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $965,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,126,000
      Market price range: $1.13M - $4.46M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.5769
    Latitude
    30.1894
    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
    $11,658
    $141,960
    $349,521
    $491,481
    -
    $141,960
    $349,521
    $491,481

    Comparable in this City

    • Value Estimation by Request
      9,395 SF

      648 Guerdon St

      MANUFACTURING (LIGHT)
      648 Guerdon St, Lake City, FL 32055-4302
      View Details
    • Value Estimation
      $760,000
      20,780 SF

      484 Turner Ave

      MANUFACTURING (LIGHT)
      484 Turner Ave, Lake City, FL 32055-8395
      View Details
    • Value Estimation by Request
      7,702 SF

      2016 Us Hwy 41

      MANUFACTURING (LIGHT)
      2016 Us Hwy 41, Lake City, FL 32055-9500
      View Details
    • Value Estimation
      $2,135,000
      27,700 SF

      174 Cortez Ter

      HEAVY MANUFACTURING
      174 Cortez Ter, Lake City, FL 32055-1439
      View Details
    • Value Estimation
      $760,000
      28,632 SF

      2118 County Rd 25a

      MANUFACTURING (LIGHT)
      2118 County Rd 25a, Lake City, FL 32055-4904
      View Details
    • Value Estimation
      $970,000
      110,315 SF

      2525 Duval St

      MANUFACTURING (LIGHT)
      2525 Duval St, Lake City, FL 32055-1422
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Versatile Commercial Asset with Income Streams

      Multi-functional property with retail, industrial, and residential income potential.
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    • $699,000
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      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
    • $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
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      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
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    • $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
    • Contact for pricing

      Former Restaurant Building on US-90

      4,153 SF former restaurant on 1.38 acres available for rent.
      Lake Dr, 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
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    Lake City, FL 32055-1401
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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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    3719 Us Hwy 90, Lake City, FL, 32055
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