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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Office buildings
1025 Primera Blvd Lake Mary, FL 32746-2175
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-7437073
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2004
Construction
CONCRETE BLOCKS
Total area
4,228 SF
Lot
0.6 ac (26,345 SF)
APN
07-20-30-300-023D-0000
UPID
US18-7437073
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
-
Florida Retina Institute Medical Clinic Ophthalmologist
-
Alexander Christopher Florida Retina Institute Ophthalmologist
-
Thomas A. Barnard, MD, Florida Retina Institute Ophthalmologist
-
Elias C. Mavrofrides, MD, Florida Retina Institute Ophthalmologist
-
Dr. Samuel Houston Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$755k
Owner & transaction history
Fri Orlando Holdings LLC · 2 yrs held
Fri Orlando Holdings LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+23.4%
Neighborhood: shopping center
$940,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$910,000
Current use
COMMERCIAL (GENERAL)
$1,120,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$805,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$770,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
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
$179 / 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
$10,278
Tax year 2023
Assessed value
$732,972
Assessed 2023
Previous assessed
$664,422
+10.3% YoY
Effective rate
1.40%
On assessed value
Land market value
$259,235
Improvement market value
$473,737
Total market value
$732,972
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
6
Total area
4,228 SF
Lot
0.6 ac (26,345 SF)
APN
07-20-30-300-023D-0000
UPID
US18-7437073
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
$910,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
RETAIL STORES
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$770,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
2004
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
6
Lot
0.6 ac
Current owner
From public records · entity-resolved
Fri Orlando Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
95 COLUMBIA ST, ORLANDO, FL 32806-1101
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
—
Fri Orlando Holdings LLC
Florida Retina Inst James A Staman
Deed
related
—
Feb 7, 2023
—
Fri Orlando Holdings LLC
—
Deed
related
$7,800,000 · Wells Fargo Bank NA
Nov 16, 2022
—
Fri Orlando Holdings LLC
Florida Retina Institute
Special Warranty Deed
—
Nov 30, 2017
—
Florida Retina Inst James A St
—
Deed
related
$1,278,907 · Wells Fargo Bk
Aug 18, 2017
—
Florida Retina Inst James A St
—
Deed
related
$1,278,907 · Wells Fargo Bk
—
—
Florida Retina Inst James A St
—
Deed Of Trust
related
$1,278,907 · Wells Fargo Bk
—
—
Florida Retina Inst James A St
—
Deed Of Trust
related
$1,278,907 · Wells Fargo Bk
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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