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Property profile & analytics
OFF-MARKET
Estimated value
$2,890,000
Manufacturing properties
2499 Old Lk Mary Rd Ste 102, Sanford, FL 32771-4192
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-5024809
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Construction
CONCRETE BLOCKS
Total area
32,500 SF
Lot
2.6 ac (113,300 SF)
APN
35-19-30-300-030A-0000
UPID
US18-5024809
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$2.89M
Owner & transaction history
2499 Old Lake Maryrd LLC
2499 Old Lake Maryrd LLC
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.5M
+10.1%
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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
$2,885,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,025,000
6.5%
$2,795,000
7%
$2,595,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,090,000
Current use
RETAIL STORES
$4,500,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,720,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.18M · ±10% · vs last sale $2.94M (Mar 10 2021)
Last sale anchor
$2.94M
Mar 10 2021
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
$89 / 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
$47,041
Tax year 2023
Assessed value
$2,660,270
Assessed 2023
Previous assessed
$2,403,887
+10.7% YoY
Effective rate
1.77%
On assessed value
Land market value
$458,877
Improvement market value
$2,201,393
Total market value
$2,660,270
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
16
Total area
32,500 SF
Lot
2.6 ac (113,300 SF)
APN
35-19-30-300-030A-0000
UPID
US18-5024809
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
RETAIL STORES
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (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
1983
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
16
Lot
2.6 ac
Current owner
From public records · entity-resolved
2499 Old Lake Maryrd LLC
Entity
Mailing address
4578 CLUBHOUSE DR, SOMIS, CA 93066-9709
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
—
2499 Old Lake Maryrd LLC
Manzer Trust
Quitclaim Deed
related
—
Mar 10, 2021
$2,940,000
Daniel L Manzer
Ronadiad INC
Special Warranty Deed
—
Jan 11, 2021
—
Ronadiad INC
—
Deed
related
$1,500,000 · Wauchula State Bank
Feb 7, 2018
$1,670,000
Ronadiad INC
Ic Bp III Holding Xvii LLC
Warranty Deed
$2,280,000 · Valley National Bank
Mar 31, 2015
$1,150,000
Ic Bp III Holdings Xvii LLC
Lake Mary Land Acquisition LLC
Grant Deed
—
Jun 18, 2012
$740,000
Lake Mary Land Acquisition LLC
Dill Properties INC
Warranty Deed
—
Oct 10, 2002
—
Seminole County (fl)
Dill Properties
Grant Deed
related
—
—
—
Ic Bp III Holdings Xvii LLC
—
Deed Of Trust
related
$75,000 · Keybank USA
—
—
Dill Properties INC
—
Deed Of Trust
related
$750,000 · Suncredit Corp
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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