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Property profile & analytics
OFF-MARKET
Estimated value
$6,560,000
Distribution centers
1051 Sand Pond Rd, Lake Mary, FL 32746-3341
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0418967
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1990
Construction
TILT-UP CONCRETE
Total area
57,600 SF
Lot
4.3 ac (187,352 SF)
APN
24-20-29-300-0030-0000
UPID
US19-0418967
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
-
1051 Sand Pond Road Warehouse & Storage
-
Charisma Media Warehouse & Storage
-
Metals of Honor (MOH) Metal Fabrication Plant Factory
-
SDDS Holdings Inc Holding Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.56M
Owner & transaction history
Fl 1051 Sand Pond Rd De LLC · 4 yrs held
Fl 1051 Sand Pond Rd De LLC
since 2021
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$7,225,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,510,000
6.5%
$6,010,000
7%
$5,580,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,520,000
Current use
INDUSTRIAL (GENERAL)
$10,015,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$6.56M
Range $5.90M – $7.22M · ±10% · vs last sale $6.50M (Sep 22 2021)
Last sale anchor
$6.50M
Sep 22 2021
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
$114 / 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
$80,850
Tax year 2023
Assessed value
$5,794,048
Assessed 2023
Previous assessed
$5,225,946
+10.9% YoY
Effective rate
1.40%
On assessed value
Land market value
$1,504,573
Improvement market value
$4,289,475
Total market value
$5,794,048
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Total area
57,600 SF
Lot
4.3 ac (187,352 SF)
APN
24-20-29-300-0030-0000
UPID
US19-0418967
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
WAREHOUSE, STORAGE Current
Est. value
$10.5M
INDUSTRIAL (GENERAL)
Est. value
$10.0M
WAREHOUSE, STORAGE Current
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
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Lot
4.3 ac
Current owner
From public records · entity-resolved
Fl 1051 Sand Pond Rd De LLC
Entity
Mailing address
450 PARK AVE FL #9, NEW YORK, NY 10022-2741
Ownership since
2021
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
Sep 22, 2021
$6,500,000
Fl 1051 Sand Pond Rd De LLC
Platinum Owner Fl LLC
Special Warranty Deed
$3,933,200 · Morgan Stanley Bank NA
Dec 31, 2020
$5,500,000
Platinum Owner Fl LLC
1051 Sand Pond Road Investors LLC
Special Warranty Deed
$695,000,000 · Barclays Captial Real Estate INC
Jun 30, 2016
$2,780,000
1051 Sand Pond Road Invtrs LLC
Strang Properties LLC
Grant Deed
$1,463,000 · Miscellaneous Ins Co
Mar 19, 2004
$2,450,000
Strang Properties LLC
Csdv LP
Grant Deed
$1,960,000 · Suntrust Bank NA
Jan 17, 2003
—
Csdv LP
—
Deed Of Trust
related
$75,000,000 · Lehman Brothers Bank Fsb
Dec 11, 2002
—
Csdv,tr
California State Teachers Reti
Grant Deed
related
—
Aug 2, 1999
$2,264,500
Ca State Teachers Retirement S
University Of Chicago
Grant Deed
—
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.
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