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Property profile & analytics
FOR LEASE
Office buildings
1025 Greenwood Blvd Lake Mary, FL 32746
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-8517489
For Lease
1 / 3
$19,250,000
1025 Greenwood Blvd, Lake Mary, FL 32746
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
CONCRETE
Total area
108,262 SF
Lot
9.64 ac (419,918 SF)
APN
13-20-29-5PR-0000-0010
UPID
US18-8517489
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Glass Replacement & Windshield Repair of Lake Mary Auto Repair Shop (Bike/Boat/Book/etc) Store
-
GreenHouse Agency Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Blue Cross Blue Shield / Florida Blue Sales Office Insurance Agency
-
ChallengeMyRate.com Insurance Agency
-
Hylant Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$19.25M
CAP Approach
CAP
$26.55M
Comparable Approach
Comparable
$17.72M
Blend (final)
Blend
$19.25M
Owner & transaction history
Cpg Waterfall Northpoint LLC · 1 yrs held
Cpg Waterfall Northpoint LLC
since 2024
Last sale
$19.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$28.7M
+23.4%
Neighborhood: shopping center
$24.1M
+3.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Mary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Mary submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$19,250,000
ML approach
$19,250,000
CAP Approach
CAP Return
Estimation
6%
$28,755,000
6.5%
$26,545,000
7%
$24,645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$23,255,000
Current use
COMMERCIAL (GENERAL)
$28,695,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$24,055,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$20,570,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$19,775,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$18,825,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$19.25M
Range $17.33M – $21.18M · ±10% · vs last sale $19.25M (Sep 5 2024)
Last sale anchor
$19.25M
Sep 5 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$178 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$130,703
Tax year 2023
Assessed value
$9,321,325
Assessed 2023
Previous assessed
$9,321,325
+0.0% YoY
Effective rate
1.40%
On assessed value
Land market value
$2,406,130
Improvement market value
$6,915,195
Total market value
$9,321,325
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
40
Total area
108,262 SF
Lot
9.64 ac (419,918 SF)
APN
13-20-29-5PR-0000-0010
UPID
US18-8517489
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$23.3M
COMMERCIAL (GENERAL)
Est. value
$28.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.1M
RETAIL STORES
Est. value
$20.6M
WAREHOUSE, STORAGE
Est. value
$19.8M
INDUSTRIAL (GENERAL)
Est. value
$18.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
40
Lot
9.64 ac
Current owner
From public records · entity-resolved
Cpg Waterfall Northpoint LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5355 TOWN CTR RD STE #350, BOCA RATON, FL 33486-1046
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
$19,250,000
Cpg Waterfall Northpoint LLC
Np Owner LLC
Special Warranty Deed
—
Oct 19, 2018
$54,750,000
Np Owner LLC
Bre/coh Fl LLC
Grant Deed
—
Dec 15, 2011
$8,661,760
Bre Of Coh Fl LLC
North Point LP 1
Grant Deed
$841,187,000 · General Electric Capital Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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