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Property profile & analytics
OFF-MARKET
Estimated value
$2,795,000
Office buildings
1275 Lk Heathrow Ln Lake Mary, FL 32746-4398
Entity Owned
~
Est. High Equity
Property ID
US18-4891807
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Construction
CONCRETE BLOCKS
Total area
10,029 SF
Lot
3.11 ac (135,646 SF)
APN
12-20-29-300-001C-0000
UPID
US18-4891807
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
-
Solutions Group Mortgage Loan Service Bank
-
Platinum XP Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.80M
Owner & transaction history
Heathrow On The Green LLC
Heathrow On The Green LLC
since 2026
Last sale
$3.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+115.0%
Commercial (general)
$2.7M
+23.4%
Neighborhood: shopping center
$2.2M
+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
$3,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,665,000
6.5%
$2,460,000
7%
$2,285,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,155,000
Current use
AUTO REPAIR, GARAGE
$4,630,000
Change: +115% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,660,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,230,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$1,905,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,830,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,745,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±10% · vs last sale $3.05M (Nov 16 2022)
Last sale anchor
$3.05M
Nov 16 2022
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
$279 / 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
$33,022
Tax year 2023
Assessed value
$2,481,369
Assessed 2023
Previous assessed
$1,515,336
+63.8% YoY
Effective rate
1.33%
On assessed value
Land market value
$1,627,752
Improvement market value
$853,617
Total market value
$2,481,369
Applied tax rate
1.0000
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
1984
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
10,029 SF
Lot
3.11 ac (135,646 SF)
APN
12-20-29-300-001C-0000
UPID
US18-4891807
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
$2.2M
AUTO REPAIR, GARAGE
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1984
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
6
Lot
3.11 ac
Current owner
From public records · entity-resolved
Heathrow On The Green LLC
Entity
Mailing address
1401 N RONALD REAGAN BLVD #1120, LONGWOOD, FL 32750
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
$3,240,000
Heathrow On The Green LLC
Sg Lm Re Holdings LLC
Special Warranty Deed
$2,106,000 · One Florida Bank
Nov 16, 2022
—
Sg Lm Re Holdings LLC
Central States Enterprises LLC
Quit Claim Deed
related
—
Nov 16, 2022
$3,050,000
Sg Lm Re Holdings LLC
Central States Enterprises LLC
Special Warranty Deed
$2,592,500 · Regions Bank
May 26, 2021
—
Central States Enterprises LLC
—
Deed
related
$2,625,000 · Bank Of America NA
Aug 8, 1995
—
John F Drumheller JR.
Heathrow Development Associates Ltd
Quit Claim Deed
related
$276,000 · Sun Bk/treasure Coast
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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