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

    1301 International Pkwy Lake Mary, FL 32746

    • Commercial real estate
    • 2,787 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6832214
    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

    • Sherry Gergis / Physician
    • Alicia G. Hair Studio / Hair Salon
    • Atlantic Ear, Nose & Throat (Lake Mary) / Medical Clinic / Physician
    • William Bazarewski / Counselor / Practitioner Service Location
    • Rajesh Kacharalal Patel / Physician / Medical Clinic

    Property Details for 1301 International Pkwy

    Year built
    2005
    Property size
    2,787 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,787 square foot traditional office building is situated in a highly desirable Lake Mary, Florida location at 1301 S International Pkwy, 32746. Built in 2005 and zoned PUD, the property boasts a prominent position near Lake Mary Boulevard and International Parkway, offering excellent visibility from I-4 and convenient access to the 417 Greenway. The building is currently occupied by a single tenant under a modified gross lease with a remaining term of approximately 4.4 years, expiring April 30, 2029. The lease includes a 4% annual rent increase. The current asking price is $975,000, representing a price per square foot of $349.84. The property's strategic location is surrounded by a thriving mix of residential, retail, and commercial establishments, including grocery stores, banks, and restaurants. The strong tenant occupancy and lease terms project a first-year capitalization rate of 5.2%, increasing to a projected 6.4% by the fifth year. This presents a compelling investment opportunity in a high-growth area of Seminole County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mary
    County
    Seminole
    State
    Florida
    Longitude
    -81.3661918
    Latitude
    28.7553489

    Comparable in this City

    • $859,000
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      Lake Mary Office Building - $859K

      Prime Lake Mary Office, 3600 SF, Triple-Net.
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    • $420,000
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      Lake Mary Office For Sale

      Office space in Lake Mary, Florida, with ample parking.
      1355 S International Pkwy, Lake Mary, FL 32746
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      5,000 SF

      Lake Mary Medical Office Building

      Modern, Class A medical office space, Lake Mary, FL.
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    • $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
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    • $2,300,000
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      Lake Mary Office Building Investment

      Prime Lake Mary office, income-producing, 5,396 SF
      960 International Pkwy, Lake Mary, FL 32746
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    • $155,000
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      Lake Mary Office Space Available

      Well-maintained office space near downtown Lake Mary, suitable for professionals.
      2500 W Lake Mary Blvd, Lake Mary, FL 32746
      View Details

    Similar Nearby for Sale

    • $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
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      Lake Mary Office For Sale

      Office space in Lake Mary, Florida, with ample parking.
      1355 S International Pkwy, Lake Mary, FL 32746
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    • Contact for pricing
      5,000 SF

      Lake Mary Medical Office Building

      Modern, Class A medical office space, Lake Mary, FL.
      3416 Lake Mary Blvd, Lake Mary, FL 32746
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    • $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
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    • $2,300,000
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      Lake Mary Office Building Investment

      Prime Lake Mary office, income-producing, 5,396 SF
      960 International Pkwy, Lake Mary, FL 32746
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    • $155,000
      723 SF

      Lake Mary Office Space Available

      Well-maintained office space near downtown Lake Mary, suitable for professionals.
      2500 W Lake Mary Blvd, Lake Mary, FL 32746
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,396 SF

      Lake Mary Office Sublease

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    • $26 SF/Yr
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      Professional Office Space Available Soon

      1,400 SF professional office space available Summer 2025.
      3599 W Lake Mary Blvd, Lake Mary, FL 32746
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    • $15 SF/Yr
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      Lake Mary Office Space Available

      Two 3,000 SF office spaces available near I-4 & SR 417.
      200 Waymont Ct, Lake Mary, FL 32746
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    • $20 SF/Yr
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      Lake Mary Medical/Professional Office

      1261 SF office space suitable for medical or professional use.
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    • $5,988 /Mo

      Renovated Executive Office in Lake Mary

      Renovated office space in downtown Lake Mary with included utilities.
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    • $19,920 /Mo

      Professional Office Space in Lake Mary

      Leasable office space suitable for medical, financial, or legal practices.
      1045 Primera Blvd, Lake Mary, FL 32746
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    1301 International Pkwy
    Lake Mary, FL 32746
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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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