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    Lake City, FL 32055
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    Property profile & analytics

    Lake City, FL 32055

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    • Office properties & Spaces
    • 1,536 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US18-6083148
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for Lake

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.12 lot acres
    Property size
    1,536 SF
    Property type
    Office properties & Spaces
    APN
    35-3S-16-02577-003
    APU
    353S1602577003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    City
    County
    Columbia
    State
    Florida
    Longitude
    -82.6774
    Latitude
    30.1788
    CBSA code
    29380
    CBSA name
    LAKE CITY, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,613
    $56,398
    $68,911
    $125,309
    -
    $56,398
    $68,911
    $125,309

    Comparable in this City

    • Value Estimation by Request
      83,595 SF

      204 Marion Ave

      Restaurants • 83,595 SF
      204 Marion Ave, Lake City, FL 32055
      View Details
    • Value Estimation by Request
      1,770 SF

      3827 Us-441

      Restaurants • 1,770 SF
      3827 Us-441, Lake City, FL 32055
      View Details
    • Value Estimation
      $605,000
      3,420 SF

      1541 Us Hwy 90

      OFFICE (GENERAL) • 3,420 SF
      1541 Us Hwy 90, Lake City, FL 32055-6125
      View Details
    • Value Estimation by Request
      2,048 SF

      3903 Us Hwy 90

      OFFICE (GENERAL) • 2,048 SF
      3903 Us Hwy 90, Lake City, FL 32055-1427
      View Details
    • Value Estimation by Request
      1,490 SF

      134 Marion Ave

      OFFICE (GENERAL) • 1,490 SF
      134 Marion Ave, Lake City, FL 32055-3913
      View Details
    • Value Estimation
      $595,000
      10,832 SF

      248 Marion Ave

      OFFICE (GENERAL) • 10,832 SF
      248 Marion Ave, Lake City, FL 32055-2804
      View Details

    Similar Nearby for Sale

    • $249,000

      Commercial Building in Downtown Lake

      Commercial building in Lake City suitable for store or office.
      508 N Marion Ave, Lake City, FL 32055
      View Details
    • $895,000
      1,322 SF

      Recreational Property Bordering National Forest

      105-acre recreational property near Lake City, Florida.
      1317 Northeast Drew Rd, Lake City, FL 32055
      View Details
    • Contact for pricing

      125 Acres Inside City Limits

      125+ acres with I-10 frontage and utilities in place.
      Bell Rd, Lake City, FL 32055
      View Details
    • Contact for pricing

      Commercial Land on SR-247

      Commercial property with multiple parcels available in Lake City, Florida.
      NW Real Terrace/Sr-247, Lake City, FL 32055
      View Details
    • Contact for pricing
      7,800 SF

      Industrial Land with Railroad Access

      38-acre industrial property with shop, office space, and railroad access.
      1539 NW Main Blvd, Lake City, FL 32055
      View Details
    • Contact for pricing
      3,640 SF

      Multi-Tenant Investment Property For Sale

      Multi-tenant property with restaurant and automotive businesses in Lake City.
      1100 Marion Rd, Lake City, FL 32055
      View Details

    Similar Nearby for Lease

    • $5,036 /Mo
      4,029 SF

      Spacious Office with Flexible Layout

      Adaptable office space suitable for diverse business applications.
      164 NW Madison St, Lake City, FL 32055
      View Details
    • Contact for pricing
      2,377 SF

      Retail Space in Lake City

      Grocery-anchored neighborhood center along US Highway 90.
      255 NW Commons Loop, Lake City, FL 32055
      View Details
    • Contact for pricing

      Former Restaurant Building on US-90

      4,153 SF former restaurant on 1.38 acres available for rent.
      2847 W Us Highway 90, Lake City, FL 32055
      View Details
    • $10,500 /Mo
      800 SF

      Retail Space on Duval Street

      Commercial unit for rent in high-traffic Duval Street corridor.
      1780 E Duval St, Lake City, FL 32055
      View Details
    • Contact for pricing

      Lake City Commercial Land Opportunity

      1.5 Acres, Highway 90 & I-75
      90 & I-75 Hwy, Lake City, FL 32055
      View Details
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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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