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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Turn key restaurants
394 Cmns Loop Lake City, FL 32055-7705
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-7108867
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,698 SF
Lot
1.25 ac (54,450 SF)
APN
36-3S-16-02611-016
UPID
US18-7108867
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
$1.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Lake City Blue LLC · 4 yrs held
Lake City Blue LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,455,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.65M (May 3 2022)
Last sale anchor
$1.65M
May 3 2022
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
$416 / 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
$26,946
Tax year 2023
Assessed value
$1,405,895
Assessed 2023
Previous assessed
$751,410
+87.1% YoY
Effective rate
1.92%
On assessed value
Assessed land
$816,750
Assessed improvement
$589,145
Land market value
$816,750
Improvement market value
$589,145
Total market value
$1,405,895
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
9
Total area
3,698 SF
Lot
1.25 ac (54,450 SF)
APN
36-3S-16-02611-016
UPID
US18-7108867
Jurisdiction
COLUMBIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Lot
1.25 ac
Current owner
From public records · entity-resolved
Lake City Blue LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6152 SAN JOSE BLVD W, JACKSONVILLE, FL 32217-2345
Ownership since
2022
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
May 3, 2022
$1,650,000
Lake City Blue LLC
Bakkar Holdings LLC
Special Warranty Deed
—
Oct 30, 2017
$710,000
Bakkar Holdings LLC
Ameris Bk
Grant Deed
—
Oct 26, 2009
—
Prosperity Bk
Prosperity Banking
Quit Claim Deed
—
Jan 25, 2008
$1,200,000
Prosperity Banking Co
Overflow Land Trust
Grant Deed
related
—
Jan 23, 2008
$1,200,000
Vystar Cu
Lake City Commons Retail LLC
Grant Deed
related
—
Jul 5, 2007
$200,000
Lake City Commons Retail LLC
Overflow Land Trust
Warranty Deed
—
Jul 5, 2007
—
Lake City Commons Retail LLC
West 90 Ent INC
Grant Deed
related
$11,555,000 · Regions Bank
—
—
Janice P Bates
—
Deed Of Trust
related
$50,000 · Columbia County 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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