New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Strip malls
187 Crystal Lk Ave, Lake Mary, FL 32746-3207
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-1025011
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Construction
CONCRETE
Total area
5,007 SF
Lot
0.21 ac (9,092 SF)
APN
08-20-30-5AL-3900-0150
UPID
US18-1025011
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
-
John C. Riley, LMT Alternative Medicine Practice Spa & Massage Center
-
Van’s Touch Salon Nail Salon
-
Jocelyn Vergara, Folio Real Estate Real Estate Agency
-
SoFLo Hot Yoga Gym & Fitness Center
-
Realty Executives Seminole Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.20M
Owner & transaction history
Station Pointe Of Lake Mary INC · 8 yrs held
Station Pointe Of Lake Mary INC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+19.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,110,000
Current use
COMMERCIAL (GENERAL)
$1,325,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$1,075,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$950,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$915,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10%
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
$240 / 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
$10,086
Tax year 2023
Assessed value
$827,654
Assessed 2023
Previous assessed
$783,619
+5.6% YoY
Effective rate
1.22%
On assessed value
Land market value
$104,194
Improvement market value
$723,460
Total market value
$827,654
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
5
Total area
5,007 SF
Lot
0.21 ac (9,092 SF)
APN
08-20-30-5AL-3900-0150
UPID
US18-1025011
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$950,000
WAREHOUSE, STORAGE
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2019
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
5
Lot
0.21 ac
Current owner
From public records · entity-resolved
Station Pointe Of Lake Mary INC
Entity
Mailing address
216 CONDICT DR, NEW SMYRNA, FL 32169-2407
Ownership since
2018
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
Feb 5, 2018
$855,000
Station Pointe Of Lake Mary INC
Mahnken,dana N
Quit Claim Deed
related
—
Jun 14, 2010
—
Dana N Mahnken
Mahnken,christopher W
Quit Claim Deed
related
—
—
—
Christopher W Mahnken
—
Deed Of Trust
related
$150,000 · Colonial Bank
—
—
Christopher W Mahnken
—
Deed Of Trust
related
$100,000 · Colonial Bank
—
—
Crystal Lake Business Ctr INC
—
Deed Of Trust
related
$500,000 · Citizens Bank Florida
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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