High Visibility Lake Mary
3112 W LAKE MARY BOULEVARD Lake Mary, FL 32746
For Sale
$1,625,000
Standalone office building with monument signage and ample parking.
Property Size4,464 SF
Lot Size1.07 Acres
Price / SF$364.02
Days on Market550
Property Features for 3112 W LAKE MARY BOULEVARD
General Information
- Standard status
- Active
- Size
- 4,464 SF
- Lot size
- 1.07 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2015
Listing Agency:
PREMIER SOTHEBYS INT'L REALTY
(407) 810-4726
Listed By:
Mel Bernstein · License #638692
(407) 810-4726
Source:
Exitrealty
Added: Jan 22, 2025
Changed: Jul 6
Last Checked: Jul 26 at 8:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PREMIER SOTHEBYS INT'L REALTY
Investment Insights
Based on property information with market context.
This standalone building is located on busy Lake Mary Boulevard, near a signalized intersection, offering high visibility. The property features monument signage and ample parking. Currently used as a professional office, the fully finished interior includes 14 offices, a meeting room, a break room, an IT room, multiple storage closets, and restrooms. The building is one of the most recognizable on the Boulevard. The property has a size of 4464 square feet.
Key Highlights
- High visibility location on busy Lake Mary Boulevard near a signalized intersection.
- Standalone building with monument signage.
- Fully finished professional office space with 14 offices, meeting room, break room, IT room, storage closets, and restrooms.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.1k | $24.00 |
| − Vacancy | −$18.2k | −$4.08 |
| EGI | $88.9k | $19.92 |
| − OpEx | −$22.2k | −$4.98 |
| NOI | $66.7k | $14.94 |
4,464 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$952.7K
$833.7K – $1.11M
NOI $66,692 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,923 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Premier Association Management, ...
Property Management Company
Saxon Woods
Homeowners' Association
The Island Of Curry Ford ...
Charitable Organization
Veramonte Community Association, ...
Charitable Organization
Timberlane Property Owners ...
Charitable Organization
FAQs
What type of property is this?
Office building - Standalone office building with monument signage and ample parking.
Where is this office building located?
The property is located at 3112 W LAKE MARY BOULEVARD Lake Mary, FL.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: High visibility location on busy Lake Mary Boulevard near a signalized intersection.; Standalone building with monument signage.; Fully finished professional office space with 14 offices, meeting room, break room, IT room, storage closets, and restrooms.
