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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 Greenwood Blvd Lake Mary, FL 32746

    • Schools
    • 9,273 SF
    • 1.12 lot acres
    For Lease
    View listing
    $231,825
    Last Sale
    Aug 25, 2022
    $1,850,000
    Value Estimations
    $1,855,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0461955
    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.

    Current Use by Public Records

    • Royal Academy of Learning Inc / High School / Daycare Center

    Property Details for 1001 Greenwood Blvd

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    1.12 lot acres
    Property size
    9,273 SF
    Property type
    Schools
    APN
    18-20-30-515-0000-01A0
    APU
    182030515000001A0

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,860,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,688,000
      Market price range: $1.37M - $3.77M
      AI Estimate
      $1,688,000
      Market price range: $1.37M - $3.77M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $2,350,000
      Current use
      COMMERCIAL (GENERAL)
      $2,460,000
      Change: +5% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,060,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $1,990,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mary
    County
    Seminole
    State
    Florida
    Longitude
    -81.3605
    Latitude
    28.7495
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN 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
    $13,992
    $0.00
    $0.00
    $997,878
    -
    $306,533
    $691,345
    $997,878

    Comparable in this City

    • Value Estimation
      $11,625,000
      48,522 SF

      1097 Sand Pond Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 48,522 SF
      1097 Sand Pond Rd, Lake Mary, FL 32746-3354
      View Details
    • Value Estimation by Request
      1,802 SF

      185 Timacuan Blvd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 1,802 SF
      185 Timacuan Blvd, Lake Mary, FL 32746-5174
      View Details
    • Value Estimation
      $3,320,000
      12,681 SF

      2635 Lk Mary Blvd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 12,681 SF
      2635 Lk Mary Blvd, Lake Mary, FL 32746-3565
      View Details
    • Value Estimation
      $16,400,000
      21,960 SF

      650 Rantoul Ln

      COLLEGE, UNIVERSITY, VOC SCHOOL • 21,960 SF
      650 Rantoul Ln, Lake Mary, FL 32746-4244
      View Details
    • Value Estimation
      $7,040,000
      32,637 SF

      1400 International Pkwy

      COLLEGE, UNIVERSITY, VOC SCHOOL • 32,637 SF
      1400 International Pkwy, Lake Mary, FL 32746-1607
      View Details
    • Value Estimation
      $1,720,000
      4,674 SF

      3850 Lk Emma Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 4,674 SF
      3850 Lk Emma Rd, Lake Mary, FL 32746-3397
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Lake Mary Medical Office Building

      Modern, Class A medical office space, Lake Mary, FL.
      3416 Lake Mary Blvd, Lake Mary, FL 32746
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      Stand-Alone Office Building For Sale

      5,000 SF office building in Lake Mary's Central Parc.
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    • $2,000,000
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      Lakefront Buildable Lot in Heathrow

      Approx. 5-acre lakefront property in a desirable, tranquil community.
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      1 SF

      Medical Pad in Lake Mary

      Shovel-ready medical pad near Orlando Health Lake Mary Hospital.
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    • $2,300,000
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      Lake Mary Office Building Investment

      Prime Lake Mary office, income-producing, 5,396 SF
      960 International Pkwy, Lake Mary, FL 32746
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    • $675,000

      Lake Mary Vacant Acre Lot

      One-acre vacant lot in gated Lake Mary community.
      1657 Enclave Cv, Lake Mary, FL 32746
      View Details

    Similar Nearby for Lease

    • $231,825

      Lake Mary Commercial Space Available

      Prime commercial space suitable for various businesses in Lake Mary.
      1001 Greenwood Blvd, Lake Mary, FL 32746
      View Details
    • $231,825

      Lake Mary Commercial Space Available

      Commercial space suitable for daycares, schools, medical offices, and more.
      1001 Greenwood Blvd, Lake Mary, FL 32746
      View Details
    • $20,816

      Charming Assembly Building For Rent

      Charming assembly building for gatherings and special events.
      5464 Carter Rd, Lake Mary, FL 32746
      View Details
    • $22 SF/Yr
      18,416 SF

      Lake Mary Office Building For Lease

      Prime Lake Mary office space, 18,416 sq ft.
      31 Skyline Dr, Lake Mary, FL 32746
      View Details
    • $14 SF/Yr
      25,138 SF

      Lake Mary Executive Office Space

      Prestigious Class A Office & Flex Space
      525 Technology Park, Lake Mary, FL 32746
      View Details
    • $21 SF/Yr
      24,497 SF

      Lake Mary Office Space Available

      Modern Office Suites, Flexible Sizes
      160 International Pkwy, Lake Mary, FL 32746
      View Details
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    Lake Mary, FL 32746
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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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