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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 International Pkwy Lake Mary, FL 32746-5007

    • Office buildings
    • 7,922 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $1,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2554514
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Deborah Smith Breaux / Physician
    • Sotheby's International Realty: Lori Humbarger / Real Estate Agency
    • Frederique Carre, Premier Sotheby's International Realty / Real Estate Agency
    • Deb Brunton Realtor @ PREMIER SOTHEBYS INT'L REALTY / Real Estate Agency
    • Goldfingers Aesthetics & Plastic Surgery - Lake Mary / Spa & Massage Center / Alternative Medicine Practice

    Property Details for 115 International Pkwy

    Year built
    1995
    Construction
    CONCRETE BLOCKS
    Lot size
    0.59 lot acres
    Property size
    7,922 SF
    Property type
    Office buildings
    APN
    12-20-29-300-001T-0000
    APU
    122029300001T0000

    Description

    This exceptional two-story, 8,900-square-foot executive office building is situated on a 25,700-square-foot lot at 115 International Pkwy, Lake Mary, FL 32746, within the desirable Heathrow submarket of Metro Orlando. Built in 1995, this landmark building offers a prominent business address, ideal for a single corporation, multiple tenants, or subleasing opportunities. The main floor boasts open workspace, four private offices, a conference room, two bathrooms, an IT closet, and a kitchen/breakroom. An attached annex provides seven additional private offices, two bathrooms, and open areas. The upper level, accessible by stairs or elevator, features expansive divided workspaces, private offices, restrooms, and another kitchen/breakroom. High ceilings and abundant natural light enhance the entire space. The property is offered at $5,000,000, representing a compelling 6.72% cap rate with a net operating income (NOI) of $336,000 and a price per square foot of $561.80. The lease type is NNN. This property benefits from a proven history of strong occupancy and rental rates, exceeding those of comparable properties in both the Lake Mary and overall Metro Orlando office markets. The building's location and features make it a truly remarkable investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,400,000
      Market price range: $1.30M - $2.29M
      AI Estimate
      $1,400,000
      Market price range: $1.30M - $2.29M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,700,000
      Current use
      COMMERCIAL (GENERAL)
      $2,100,000
      Change: +23% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,760,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $1,505,000
      Change: -12% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,445,000
      Change: -15% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,375,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mary
    County
    Seminole
    State
    Florida
    Longitude
    -81.3674
    Latitude
    28.7569
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,039
    $0.00
    $0.00
    $1,355,492
    -
    $485,216
    $870,276
    $1,355,492

    Comparable in this City

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      151,356 SF

      615 Cres Executive Ct

      OFFICE BUILDING (MULTI-STORY) • 151,356 SF
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      View Details
    • Value Estimation
      $25,060,000
      153,084 SF

      3200 Lk Emma Rd

      OFFICE BUILDING • 153,084 SF
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    • Value Estimation
      $4,445,000
      27,168 SF

      735 Primera Blvd

      OFFICE BUILDING (MULTI-STORY) • 27,168 SF
      735 Primera Blvd, Lake Mary, FL 32746-2112
      View Details
    • Value Estimation by Request
      426 SF

      590 Rinehart Rd

      OFFICE BUILDING • 426 SF
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    • Value Estimation
      $28,450,000
      159,710 SF

      100 Colonial Ctr Pkwy

      OFFICE BUILDING (MULTI-STORY) • 159,710 SF
      100 Colonial Ctr Pkwy, Lake Mary, FL 32746-4767
      View Details
    • Value Estimation
      $13,750,000
      84,015 SF

      600 Rinehart Rd Ste, Unit 1000

      OFFICE BUILDING (MULTI-STORY) • 84,015 SF
      600 Rinehart Rd Ste, Lake Mary, FL 32746-4873
      View Details

    Similar Nearby for Sale

    • $1,995,000

      Stand-Alone Office Building For Sale

      5,000 SF office building in Lake Mary's Central Parc.
      960 International Pkwy, Lake Mary, FL 32746
      View Details
    • $5,595,000
      1.47 Acres

      Lake Mary Office Development Opportunity

      Office building with approved outparcel near Downtown Lake Mary and SunRail.
      131 S Country Club Rd, Lake Mary, FL 32746
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    • $1,995,000

      Stand-Alone Office Building For Sale

      5,000 SF office building in desirable Central Parc.
      960 International Pkwy, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      175,231 SF

      Lake Mary Office Building Opportunity

      175,231 sq ft office building in Lake Mary, FL.
      225 International Pkwy, Lake Mary, FL 32746
      View Details
    • $859,000
      3,600 SF

      Lake Mary Office Building - $859K

      Prime Lake Mary Office, 3600 SF, Triple-Net.
      105 Timberlachen Cir, Lake Mary, FL 32746
      View Details
    • $420,000
      1,293 SF

      Lake Mary Office For Sale

      Office space in Lake Mary, Florida, with ample parking.
      1355 S International Pkwy, Lake Mary, FL 32746
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      31,840 SF

      Class A Office Park

      Class A office park in Lake Mary, move-in ready suites.
      725 Primera Blvd, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      25,000 SF

      Class A Office Building

      Three-story office building in Lake Mary/Heathrow with golf course view.
      1000 Aaa Dr, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      18,068 SF

      Lake Mary Office Space Available

      771,681 SF office space in Lake Mary, Florida.
      300 Primera Blvd, Lake Mary, FL 32746
      View Details
    • $18 SF/Yr
      31,840 SF

      Class A Office Park

      Attractive office suites in a convenient Lake Mary location.
      735 Primera Blvd, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      11,030 SF

      Lake Mary Office Space Available

      Office space for rent in Lake Mary, Florida.
      615 Crescent Executive Ct, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      2,886 SF

      Freestanding Office Building in Lake Mary

      Freestanding office building with executive style offices and hardwood floors.
      181 Timacuan Blvd, Lake Mary, FL 32746
      View Details
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    115 International Pkwy
    Lake Mary, FL 32746-5007
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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