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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    399 Deputy J Davis Ln Lake City, FL 32024

    • Distribution centers
    • 4,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3146495
    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.

    Current Use by Public Records

    • Distribution centers

    Property Details for 399 Deputy J Davis Ln

    Property size
    4,200 SF
    Property type
    Distribution centers

    Description

    This exceptional commercial property in Lake City, Florida, presents a unique investment opportunity. Situated on over 2.41 acres, the property boasts a 4,200 square foot warehouse featuring a grade-level loading door, two bathrooms, a showroom, and partial build-out. The asking price is $649,000, translating to $154.52 per square foot. The warehouse is currently vacant, offering immediate occupancy for a wide range of businesses. Its strategic location provides easy access to Interstate 75, facilitating efficient transportation to Gainesville and Jacksonville. The property's zoning allows for diverse uses, making it suitable for various commercial ventures. In addition to the warehouse, the property includes a separate 4-bedroom, 2-bathroom residence, currently generating rental income. This adds to the overall investment potential, offering both immediate revenue and long-term growth prospects. The combination of warehouse space, residential income, and prime location makes this a highly attractive property for entrepreneurs and investors seeking a versatile and profitable asset in a rapidly growing area. The property is located at 399 SW Deputy J Davis Ln, Lake City, FL 32024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.7022962
    Latitude
    30.1795839

    Comparable in this City

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    • $150,000
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      Lake City Industrial Land - $150K

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    • $895,000
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      Lake City Commercial Land - 2.11 Acres

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    • $239,000
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      Residential Land with Natural Creek

      10 acre residential land with creek, suitable for development.
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    • $225,000
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      7.5 Acres Residential Corner Lot

      Residential lot suitable for site-built or manufactured homes.
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    • $1,000,000

      Commercial Land on US Hwy 90

      3.87 acres with 440+ feet of highway frontage.
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    Similar Nearby for Sale

    • $532,950
      6.27 Acres

      Lake City Industrial Land - 6.27 Acres

      Prime Industrial Land, Excellent Location, Quick Access to Major Highways
      2-7 Windswept Gln, Lake City, FL 32024
      View Details
    • $150,000
      1.67 Acres

      Lake City Industrial Land - $150K

      1.67-acre industrial lot, prime location.
      3-7 Windswept Gln, Lake City, FL 32024
      View Details
    • $895,000
      2.11 Acres

      Lake City Commercial Land - 2.11 Acres

      Prime Commercial Land, Lake City, FL
      0 Prosperity Pl, Lake City, FL 32024
      View Details
    • $239,000
      Pending

      Residential Land with Natural Creek

      10 acre residential land with creek, suitable for development.
      00 SW Little Rd, Lake City, FL 32024
      View Details
    • $225,000
      7.50 Acres

      7.5 Acres Residential Corner Lot

      Residential lot suitable for site-built or manufactured homes.
      3713 SW Pinemount Rd, Lake City, FL 32024
      View Details
    • $1,000,000

      Commercial Land on US Hwy 90

      3.87 acres with 440+ feet of highway frontage.
      W Hwy 90 Hwy, Lake City, FL 32024
      View Details
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    Lake City, FL 32024
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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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