Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3835 Us Hwy 90 Lake City, FL 32055-4873
    Property profile & analytics

    3835 Us Hwy 90, Lake City, FL 32055-4873

    View on Map
    • Motels
    • 35,052 SF
    • 3.39 lot acres
    Off-Market
    Property ID
    US18-9015700
    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
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Americas Best Value Inn Lake City / Hotel & Motel

    Property Details for 3835 Us Hwy 90

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.39 lot acres
    Zone code
    CHI
    Property type
    Motels
    APN
    34-3S-16-02484-004
    APU
    343S1602484004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 27, 2026 — Dada Bhagvan LLC — Deed · related $265k · Renasant Bank
    Aug 26, 2008 $2,500,000 Dada Bhagvan LLC Krishna Of Lake City LLC Warranty Deed $1.5M · Rivers James H & Janet S
    Oct 2, 2006 $2,450,000 Krishna Of Lake City LLC Rivers James H & Janet S Warranty Deed $2.2M · Rivers James H & Janet S (te)
    Mar 9, 2005 — Rivers James H & Janet S Tr Summers W L Warranty Deed —
    — — Dada Bhagvan LLC — Deed Of Trust · related $2.2M · Rivers Janet S & James H (te)

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $960,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,045,000
      Market price range: $742k - $2.69M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,415,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6952
    Latitude
    30.1805
    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
    $24,754
    $887,318
    $605,965
    $1,493,283
    -
    $887,318
    $605,965
    $1,493,283

    Comparable in this City

    • Value Estimation
      $1,095,000
      10,102 SF

      2764 Us Hwy 90

      MOTEL
      2764 Us Hwy 90, Lake City, FL 32055-4754
      View Details
    • Value Estimation
      $1,145,000
      22,706 SF

      3144 Us Hwy 90

      MOTEL
      3144 Us Hwy 90, Lake City, FL 32055-4730
      View Details
    • Value Estimation
      $865,000
      27,645 SF

      3430 Us Hwy 441

      MOTEL
      3430 Us Hwy 441, Lake City, FL 32055-4900
      View Details
    • Value Estimation
      $965,000
      23,390 SF

      3711 Us Hwy 90

      MOTEL
      3711 Us Hwy 90, Lake City, FL 32055-4898
      View Details
    • Value Estimation by Request
      12,408 SF

      352 Knights Ave

      MOTEL
      352 Knights Ave, Lake City, FL 32055-7245
      View Details
    • Value Estimation
      $2,565,000
      1,909 SF

      3340 Us Hwy 90

      MOTEL
      3340 Us Hwy 90, Lake City, FL 32055-4733
      View Details

    Similar Nearby for Sale

    • $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
    • $100,000
      5.01 Acres

      Move-in-Ready 5-Acre Homesite

      5-acre homesite with power, septic, well, and concrete pad.
      1077 NW Hamp Farmer Rd, Lake City, FL 32055
      View Details
    • Contact for pricing
      7,660 SF

      Cash-Flowing Mobile Home Portfolio

      Portfolio of 10 park-owned homes in Lake City, Florida.
      232 NW Johnson St, Lake City, FL 32055
      View Details
    • $450,000
      30.07 Acres

      30 Acres Pasture and Woods

      30-acre property with pasture and natural woods near Lake City.
      NW Lake Jeffery Rd, Lake City, FL 32055
      View Details
    • $85,000
      1.60 Acres

      Lake City Buildable Lots

      Two cleared lots with utilities in Lake City, Florida.
      485 NE Sunnybrook St, Lake City, FL 32055
      View Details
    • Contact for pricing

      Land Parcel on US-90

      Commercial land parcel with frontage on US-90 and CR-252B.
      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

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      1.3k
    • Avg Time on site
      503 min
    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.
    3835 Us Hwy 90
    Lake City, FL 32055-4873
    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
    3835 Us Hwy 90, 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!