Lake City, GA
Commercial Real Estate Market Trends & Data

$144 Avg asking sale price
$17 Avg asking lease rate
27,965 SF Avg unit lease size
32,039 SF Avg building size for sale
6.64% Average cap rate

Lake City's Demographic Profile

Lake City has 856 households and a median income of $55,657, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 2,451
# Households 856
Median age 36
Median household income $55,657
Avg household size 3.0
Renter-occupied housing units 460
5-year population change -1%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Forest Park $144 76,705 SF 7.00%
Morrow $202 9,294 SF 8.46%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lake City $105 84,792 SF 7.00%
Forest Park $251 55,424 SF 7.00%
Morrow $95 42,608 SF 4.17%
Nearby Retail Markets Avg Cost/SF Typical Size
Lake City $144 8,887 SF
Forest Park $174 28,848 SF
Morrow $407 7,792 SF
Conley $129 77,488 SF
Rex $182 21,310 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Forest Park $68 4,000 SF 14.68%
Morrow $68 4,000 SF 14.68%
College Park $138 33,318 SF 7.00%

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

Atlanta MSA Net Leased Portfolio

  • Industrial Building
  • 7.00% Cap Rate
  • $2,420,000
For Sale

1399 Forest Pky

Lake City, GA 30260

  • 0.29 AC Lot
  • 1 Commercial Lot
  • $110,000
For Sale

ATLANTA RESIDENTIAL PORTFOLIO

  • 6.92% Cap Rate
  • $2,890,000
For Sale

5560 Jonesboro Rd

Lake City, GA 30260

  • 1.45 AC Lot
  • 1 Commercial Lot
  • $875,000
For Sale

32-Unit Townhome Development Site

Forest Park, GA 30297

  • 1.54 AC Lot
  • 1 Commercial Lot
  • $1,000,000
For Sale

5286 Circle Dr

Lake City, GA 30260

  • 151,189 SF Industrial Building
  • $12,000,000

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 $144 32,039 SF
Forest Park $201 49,461 SF
Morrow $252 16,520 SF
Conley $163 48,973 SF
Rex $148 20,476 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 2,451 856 36 $55,657 3 460 -1%
Morrow 7,629 2,583 29 $44,861 3 1,388 4%
Conley 5,393 1,820 34 $42,386 3 966 -1%
Rex 16,983 5,773 37 $62,704 3 1,610 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lake City, GA 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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