Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3416 West Lake Mary Blvd Lake Mary, FL 32746

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Brand new, fully built-out office suites in Lake Mary, FL.

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    Chris Butera
    Chris Butera
    Source: Svn

    Listing Agency: SVN | Alliance Commercial Real Estate Advisors Listing Agent: Chris Butera

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Medical/Professional Office Suites

    Office Biscayne offers fully built-out medical and professional office suites within a new building in Lake Mary, FL. Situated directly on Lake Mary Boulevard, the location provides significant exposure and visibility. The building is currently under construction with an expected delivery in 2025. Suites are available in various stages of completion, ranging from 1,869 square feet up to the entire 21,483 square foot building. These suites can be custom designed to meet specific tenant requirements. Units can also be delivered in shell form if preferred. The property is located at the northwest corner of Lake Mary Boulevard and Crystal Drive, directly across from the US Post Office. A parking ratio of 4:1,000 is provided. The location on Lake Mary Blvd is near retail, restaurants, and services.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Banfield Pet Hospital, Lake Emma Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mary
    County
    Seminole
    State
    Florida
    Longitude
    -81.345592
    Latitude
    28.747417

    Nearby Similar for Lease

    • $2,471 /Mo
      925 SF

      Professional Office Space in Lake Mary

      Professional office space in Lake Mary, available March 2026.
      3256 W Lake Mary Blvd, Lake Mary, FL 32746
      View Details
    • $2,000 /Mo
      4,040 SF

      Downtown Lake Mary End Unit

      End unit office space in Downtown Lake Mary for lease.
      142 Parliament Loop, Lake Mary, FL 32746
      View Details
    • $20 SF/Yr
      1,250 SF

      Lake Mary Professional Office Space

      Professional office space in Lake Mary, ideal for medical or financial.
      1045 Primera Blvd, Lake Mary, FL 32746
      View Details
    • $20 SF/Yr
      996 SF

      Lake Mary Professional Office Space

      996 SF professional office space in Lake Mary, Florida.
      1045 Primera Blvd, Lake Mary, FL 32746
      View Details
    • Sponsored
      New
      Contact for pricing

      Lake Mary

      Discover many ways to work your way in Lake Mary
      801 International Pkwy, Lake Mary, FL 32746
      View Details
    • $20 SF/Yr
      1,261 SF

      Lake Mary Medical/Professional Office

      1261 SF office space suitable for medical or professional use.
      1045 Primera Blvd, Lake Mary, FL 32746
      View Details
    • $20 SF/Yr
      1,216 SF

      Lake Mary Medical/Professional Office

      1216 SF office space suitable for medical or professional use.
      1045 Primera Blvd, Lake Mary, FL 32746
      View Details
    • $15,000 /Mo

      Premier Office Condo with Balcony

      Exceptional office condo in Lake Mary's premier office campus.
      1525 International Pkwy, Lake Mary, FL 32746
      View Details
    • $51,740

      Upgraded Office Suite For Rent

      High-visibility office suite in Lake Mary Medical Complex.
      4106 W Lake Mary Blvd, Lake Mary, FL 32746
      View Details
    • $24,000

      Downtown Lake Mary Office Space

      End unit office space in the heart of Downtown Lake Mary.
      142 Parliament Loop, Lake Mary, FL 32746
      View Details
    • New
      Contact for pricing
      2,262 SF

      Class A Office Space Available

      Energy Star rated office space in Lake Mary, Florida.
      1025 Greenwood Blvd, Lake Mary, FL 32746
      View Details
    • Contact for pricing

      Turn-Key Office Space Available

      Private office space in Lake Mary, suitable for non-profit use.
      31 Skyline Dr, Lake Mary, FL 32746
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Brand new, fully built-out office suites in Lake Mary, FL.
    Where is this medical office space located?
    The property is located at 3416 West Lake Mary Blvd Lake Mary, FL.
    What are key features of this property?
    This property features: - Brand new medical/professional office building with high visibility on Lake Mary Blvd.; - Customizable suites available from 1,869 SF up to 21,483 SF, tailored to tenant specifications.; - Fully built-out, turnkey suites available, or units can be delivered in shell form.
    (386) 453-4789
    Request Owner's contact information
    3416 West Lake Mary Blvd Lake Mary, FL 32746
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3416 West Lake Mary Blvd
    Lake Mary, FL 32746
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3416 West Lake Mary Blvd Lake Mary, FL 32746
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris Butera
    Chris Butera
    Real Estate License ID: #SL3083110
    (386) 453-4789 (386) 310-7900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!