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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Grocery and convenience stores
640 Rossi Dr, Lake City, FL 32025-2392
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-1776670
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Construction
FRAME
Total area
550 SF
Lot
132.35 ac (5,765,166 SF)
Zoning code
A-1
APN
13-4S-17-08336-002
UPID
US18-1776670
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
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
John W Evachek SR. · 6 yrs held
John W Evachek SR.
since 2020
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
A-1 · Lake City, FL
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
$725,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $650k (Mar 27 2020)
Last sale anchor
$650k
Mar 27 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
$1,227 / 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
$5,249
Tax year 2023
Assessed value
$354,941
Assessed 2023
Previous assessed
$378,615
-6.3% YoY
Effective rate
1.48%
On assessed value
Assessed land
$39,201
Assessed improvement
$315,740
Total market value
$712,790
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
WINDOW A/C
Buildings
3
Stories
1
Bathrooms
1
Total area
550 SF
Lot
132.35 ac (5,765,166 SF)
Zoning code
A-1
APN
13-4S-17-08336-002
UPID
US18-1776670
Jurisdiction
COLUMBIA
Zoning & alternative use
A-1 · Lake City, FL
Zoning A-1 · permitted uses
A-1 · 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.
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
132.35 ac
Current owner
From public records · entity-resolved
John W Evachek SR.
Individual
Mailing address
PO BOX 1585, LAKE CITY, FL 32056-1585
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2020
$650,000
John W Evachek SR.
Randall W Wheeler JR
Warranty Deed
$560,000 · Drummond Community Bank
Mar 27, 2020
—
John W Evachek SR.
—
Deed
related
$552,500 · Drummond Cmnty Bk
Mar 16, 2015
$975,000
Randall W Wheeler JR.
Rossi Drive LLC
Warranty Deed
—
May 4, 2010
$745,000
Rossi Drive LLC
Dicks,bradley N & Betsy S
Warranty Deed
—
Feb 11, 2002
—
Columbia County (fl)
Dicks,bradley N & Betsy S
Grant Deed
related
—
—
—
John W Evachek SR.
—
Deed Of Trust
related
$552,500 · Drummond Cmnty Bk
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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