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Property profile & analytics
OFF-MARKET
Medical Office Space
782 Sisters Welcome Rd, Lake City, FL 32025-0442
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-4854533
Property summary
AI-generated overview
This exceptional 7.64-acre parcel presents a remarkable opportunity for development in the heart of Lake City, Florida. Ideally situated with convenient access from multiple streets and significant frontage (approximately 530 feet) on Sisters Welcome Road, this property offers unparalleled potential. Additional parcels are available to provide access to Bascom Norris Road, enhancing its versatility. The site boasts a pre-planned retention pond, addressing crucial infrastructure needs. Its central location provides easy access to all that Lake City offers, making it an attractive proposition for a variety of commercial ventures. Currently zoned R/O, rezoning to commercial is readily achievable. The property features a depth of approximately 950 feet, and there are no deed restrictions. Tax ID is 01-4S-16-02677-000. The land benefits from existing improvements including sidewalks and drainage systems
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
FRAME
Total area
4,294 SF
Lot
9 ac (392,040 SF)
Zoning code
CI
APN
01-4S-16-02677-000
UPID
US18-4854533
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
-
Dr. Charles Varghese, MD Physician
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
Charles Varghese · 3 yrs held
Charles Varghese
since 2022
Last sale
$129,000
3 recorded transactions
Zoning & alternative use
CI · 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
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
Tax billed
$9,137
Tax year 2023
Assessed value
$449,459
Assessed 2023
Previous assessed
$442,200
+1.6% YoY
Effective rate
2.03%
On assessed value
Assessed land
$193,500
Assessed improvement
$255,959
Land market value
$193,500
Improvement market value
$255,959
Total market value
$449,459
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
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
14
Total area
4,294 SF
Lot
9 ac (392,040 SF)
Zoning code
CI
APN
01-4S-16-02677-000
UPID
US18-4854533
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.
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
14
Lot
9 ac
Current owner
From public records · entity-resolved
Charles Varghese
Individual
Free & Clear · 3 yrs held
Mailing address
12232 BROADWATER LOOP, THONOTOSASSA, FL 33592-3953
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2022
—
Charles Varghese
Charles Varghese
Intrafamily Transfer
related
—
Jun 30, 2010
—
Charles Varghese
—
Trustees Deed
related
$1,312,000 · First Fsb Florida
Mar 9, 1998
$129,000
Charles Varghese
Bassett,helen R
Grant Deed
$200,000 · Barnett 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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