Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Office buildings
1130 Business Ctr Dr Lake Mary, FL 32746-7617
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2825838
Property summary
AI-generated overview
This exceptional Class A, 16,364 square foot medical office building in Lake Mary, Florida, is available for sale at $4,500,000 ($274.99/SF). Built in 2008, this two-story, free-standing building sits on a 1.376-acre lot and boasts a LEED GOLD certification. The property features a modern, high-end build-out including floor-to-ceiling windows, an open kitchen, executive and professional offices, open work areas, huddle rooms, and multiple high-tech conference rooms. Amenities extend to computer-controlled lighting, a chiller system, and a convenient door lock system. Enjoy direct water views and a prime location off SR 46A, near the I-4 and 417 interchange, with easy access to International Parkway and across from the Westin Hotel. The building's convenient location offers proximity to Heathrow's finest hotels, retail options, and restaurants. Occupancy is available November 1, 2024. This property presents a unique opportunity for a variety of businesses seeking a sophisticated and functional workspace. The building's air rights encompass the entire 16,364 square feet. The property is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
TILT-UP CONCRETE
Total area
16,364 SF
Lot
1.19 ac (51,749 SF)
APN
06-20-30-5UD-0000-0520
UPID
US18-2825838
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
-
Entia Ventures Consultant
-
Blueline Telecom Telecommunications Service
-
Sonic Jellybean, LLC (Bike/Boat/Book/etc) Store Corporate Office
-
St Johns Optical Systems HQ Ophthalmologist (Bike/Boat/Book/etc) Store
-
4 QTRS (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.01M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$3.16M
Owner & transaction history
Crz Properties LLC · 1 yrs held
Crz Properties LLC
since 2025
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+23.4%
Neighborhood: shopping center
$3.6M
+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
$3,725,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,345,000
6.5%
$4,010,000
7%
$3,725,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,515,000
Current use
COMMERCIAL (GENERAL)
$4,340,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,635,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$3,110,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,990,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,845,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±10% · vs last sale $3.20M (Jan 29 2020)
Last sale anchor
$3.20M
Jan 29 2020
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
$193 / 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
$38,580
Tax year 2023
Assessed value
$2,751,411
Assessed 2023
Previous assessed
$2,560,740
+7.4% YoY
Effective rate
1.40%
On assessed value
Land market value
$698,720
Improvement market value
$2,052,691
Total market value
$2,751,411
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
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
6
Total area
16,364 SF
Lot
1.19 ac (51,749 SF)
APN
06-20-30-5UD-0000-0520
UPID
US18-2825838
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
$3.5M
COMMERCIAL (GENERAL)
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
RETAIL STORES
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
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
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
6
Lot
1.19 ac
Current owner
From public records · entity-resolved
Crz Properties LLC
Entity
Mailing address
PO BOX 941618, MAITLAND, FL 32794-1618
Ownership since
2025
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 7, 2025
$4,300,000
Crz Properties LLC
Cool Wall Investments LLC
Special Warranty Deed
$3,010,000 · Cool Wall Investments LLC
Jan 29, 2020
$3,200,000
Cool Wall Investments LLC
G & G Terra LLC
Grant Deed
—
Jun 12, 2019
—
G & G Terra LLC
—
Grant Deed
related
$3,975,000 · Seaside Nat'l Bk&tr
Dec 7, 2016
—
G & G Terra LLC
—
Deed
related
$1,168,000 · Iberiabank
Jun 18, 2013
$2,350,000
G & G Terra LLC
Cnlbank
Grant Deed
—
Nov 8, 2006
$815,500
Verdelyte LLC
Heathrow 4 LLC
Grant Deed
$515,500 · Cnl Bank
—
—
G & G Terra LLC
—
Deed Of Trust
related
$1,168,000 · Iberiabank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1130 Business Ctr Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
