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Property profile & analytics
OFF-MARKET
Estimated value
$19,250,000
Office buildings
1064 Greenwood Blvd Lake Mary, FL 32746-5418
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8516719
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2002
Construction
CONCRETE
Total area
117,600 SF
Lot
7.7 ac (335,412 SF)
APN
13-20-29-300-0090-0000
UPID
US18-8516719
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
-
Netcracker Technology Corporation (Bike/Boat/Book/etc) Store Corporate Office
-
Mutual of Omaha® Advisors - Lake Mary Financial Advisor
-
Mutual of Omaha Insurance Insurance Agency
-
Angel Pagan - Mutual of Omaha Insurance Agency
-
Microsemi Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$19.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.25M
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
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$31.2M
+23.4%
Neighborhood: shopping center
$26.1M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,260,000
Current use
COMMERCIAL (GENERAL)
$31,170,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$26,130,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$22,345,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$21,485,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$20,445,000
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
$164 / 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
$142,170
Tax year 2023
Assessed value
$10,139,108
Assessed 2023
Previous assessed
$10,139,108
+0.0% YoY
Effective rate
1.40%
On assessed value
Land market value
$2,773,857
Improvement market value
$7,365,251
Total market value
$10,139,108
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
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
32
Total area
117,600 SF
Lot
7.7 ac (335,412 SF)
APN
13-20-29-300-0090-0000
UPID
US18-8516719
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
$25.3M
COMMERCIAL (GENERAL)
Est. value
$31.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.1M
RETAIL STORES
Est. value
$22.3M
WAREHOUSE, STORAGE
Est. value
$21.5M
INDUSTRIAL (GENERAL)
Est. value
$20.4M
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
2002
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
32
Lot
7.7 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
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 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
$8,243,200
Bre Of Coh Fl LLC
Duke Realty LP
Grant Deed
—
Jul 2, 1997
$740,000
Laquinta Dev Partners
Shell Land & Energy Co
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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