Lake City, FL
Commercial Real Estate Market Trends & Data

$270 Avg asking sale price
$6,316 Avg asking lease rate
25,235 SF Avg unit lease size
17,624 SF Avg building size for sale
8.68% Average cap rate

Lake City's Demographic Profile

Lake City has 5,046 households and a median income of $50,106, providing context for rent absorption and tenant demand across retail and multifamily assets. A +5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 13,095
# Households 5,046
Median age 39
Median household income $50,106
Avg household size 2.0
Renter-occupied housing units 2,530
5-year population change +5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lake City, FL

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lake City $386 4,284 SF 8.00%
Live Oak $347 3,567 SF 6.46%
Nearby Retail Markets Avg Cost/SF Typical Size
Lake City $510 5,268 SF
Live Oak $175 4,103 SF
Glen Saint Mary $126 1,991 SF
High Springs $102 11,739 SF
Alachua $178 7,468 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lake City $93 48,503 SF 9.92%
Gainesville $198 109,153 SF 6.09%
Middleburg $177 9,906 SF 5.60%
Jacksonville $270 25,914 SF 10.00%

Commercial Properties For Sale in Lake City

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

0.53 acre Commercial Land | Lake City, FL

Lake City, FL 32055

  • 864 SF Retail Building
  • 13.67% Cap Rate
  • $89,000
For Sale

Cedar Pines Mobile Home Park

Lake City, FL 32025

  • 23,000 SF Multifamily
  • 7.01% Cap Rate
  • $1,200,000
For Sale

284 SW Baya Dr

Lake City, FL 32025

  • 2,916 SF Office Building
  • $2,000,000
For Sale

36 Unit Multi-Family Investment in Florida

Lake City, FL 32025

  • 55,844 SF Multifamily
  • 8.70% Cap Rate
  • $3,850,000
For Sale

I-75 Gateway Land Opportunity

Lake City, FL 32055

  • 6.19 AC Lot
  • 1 Commercial Lot
  • $2,500,000
For Sale

Dollar General

Lake City, FL 32025

  • 10,640 SF Retail Building
  • 6.05% Cap Rate
  • $2,977,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lake City pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lake City $270 17,624 SF
Mc Alpin $223 3,809 SF

Regional Demographic Comparison

This comparison places Lake City alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lake City or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lake City 13,095 5,046 39 $50,106 2 2,530 5%
White Springs 650 279 46 $37,916 2 69 -7%
Mc Alpin 3,072 1,237 50 $54,711 3 169 10%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lake City, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lake City

View All Commercial Real Estate For Sale in Lake City
Is Lake City a good market for a first-time commercial real estate investor?

Lake City offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lake City?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lake City. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lake City?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lake City. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lake City compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lake City. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lake City acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lake City, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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