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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
4241 American Ln Lake City, FL 32055-4881
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-6383540
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
FRAME
Total area
5,566 SF
Lot
0.73 ac (32,012 SF)
Zoning code
CI
APN
34-3S-16-02461-509
UPID
US18-6383540
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
Current use
Occupant on record · Public records
-
First Choice Neurology: Ernesto Alonso, MD Physician Medical Clinic
-
My Healing Department Medical Clinic
-
Fanney David DO Pediatrician Physician
-
Neurology Center Of North Florida Medical Clinic
-
Ernesto Neurology Center Of North Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$354k
Blend (final)
Blend
$545k
Owner & transaction history
Neuproperty Management LLC · 5 yrs held
Neuproperty Management LLC
since 2020
Last sale
$525,000
2 recorded transactions
Zoning & alternative use
CI · Lake City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$645,000
+68.3%
Commercial (general)
$625,000
+63.6%
Auto repair, garage
$475,000
+23.6%
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
$665,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$380,000
Current use
RESTAURANT
$645,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$475,000
Change: +24% · Conversion: Difficult
WAREHOUSE, STORAGE
$420,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$355,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$335,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $525k (Oct 8 2020)
Last sale anchor
$525k
Oct 8 2020
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
$98 / 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
$10,021
Tax year 2023
Assessed value
$483,999
Assessed 2023
Previous assessed
$473,534
+2.2% YoY
Effective rate
2.07%
On assessed value
Assessed land
$96,036
Assessed improvement
$387,963
Land market value
$96,036
Improvement market value
$387,963
Total market value
$483,999
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
19
Total area
5,566 SF
Lot
0.73 ac (32,012 SF)
Zoning code
CI
APN
34-3S-16-02461-509
UPID
US18-6383540
Jurisdiction
COLUMBIA
Zoning & alternative use
CI · Lake City, FL
Zoning CI · permitted uses
CI · Lake City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$380,000
RESTAURANT
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$475,000
WAREHOUSE, STORAGE
Est. value
$420,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$355,000
RETAIL STORES
Est. value
$335,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
19
Lot
0.73 ac
Current owner
From public records · entity-resolved
Neuproperty Management LLC
Entity
Free & Clear · 5 yrs held
Mailing address
152 SW MAPLE PL, LAKE CITY, FL 32024-6722
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
—
Neuproperty Management LLC
David G Fanney
Warranty Deed
—
Mar 29, 1999
—
David G Fanney
Fanney,david
Quit Claim Deed
related
$350,000 · First Fsb Florida
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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