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Property profile & analytics
OFF-MARKET
Warehouses
553 Railroad St, Lake City, FL 32055-2726
Individually Owned
11-yr Hold
Free & Clear
Property ID
US18-3993002
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
FRAME
Total area
14,040 SF
Lot
2.5 ac (108,900 SF)
APN
30-3S-17-12178-002
UPID
US18-3993002
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
-
Catholic Charities - Food Distribution Center Food Bank Charitable Organization
-
Catholic Charities Bureau Charitable Organization
-
Florida Gateway Food Bank Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Felipe J Estevez · 11 yrs held
Felipe J Estevez
since 2015
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$206,878
Assessed 2023
Previous assessed
$197,652
+4.7% YoY
Assessed land
$25,000
Assessed improvement
$181,878
Land market value
$25,000
Improvement market value
$181,878
Total market value
$206,878
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
3
Total area
14,040 SF
Lot
2.5 ac (108,900 SF)
APN
30-3S-17-12178-002
UPID
US18-3993002
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
1972
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
3
Lot
2.5 ac
Current owner
From public records · entity-resolved
Felipe J Estevez
Individual
Free & Clear · 11 yrs held
Mailing address
11625 OLD SAINT AUGUSTINE RD, JACKSONVILLE, FL 32258-2060
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2015
$251,200
Felipe J Estevez
Tenstar Investments INC
Grant Deed
—
Aug 26, 2009
$347,354
Tenstar Investments INC
Moorman,craig & Elaine
Warranty Deed
—
Feb 12, 2008
$425,000
Craig Moorman
Tenstar Investments INC
Warranty Deed
$350,000 · Tenstar Investments INC
Apr 18, 2005
$165,000
Tenstar Investments INC
Frazier,jerry R & Vickie L
Warranty Deed
—
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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