New search
Property profile & analytics
OFF-MARKET
Estimated value
$26,905,000
Distribution centers
255 Technology Park, Lake Mary, FL 32746-6216
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4459031
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
TILT-UP CONCRETE
Total area
99,301 SF
Lot
10.64 ac (463,696 SF)
APN
19-20-30-517-0000-0110
UPID
US18-4459031
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
-
CuraScript SD Distribution Center Logistics Company
-
Matrix GPO Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.14M
Blend (final)
Blend
$26.91M
Owner & transaction history
Spi Tcm Technology Park Owner LLC · 5 yrs held
Spi Tcm Technology Park Owner LLC
since 2021
Last sale
$34.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$26.3M
+45.1%
Neighborhood: shopping center
$22.1M
+21.6%
Office building
$21.3M
+17.6%
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
WAREHOUSE, STORAGE
$18,140,000
Current use
COMMERCIAL (GENERAL)
$26,320,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,065,000
Change: +22% · Conversion: Moderate
OFFICE BUILDING
$21,330,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$18,865,000
Change: +4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$17,265,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$26.91M
Range $24.21M – $29.60M · ±10% · vs last sale $34.50M (Feb 26 2021)
Last sale anchor
$34.50M
Feb 26 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
$271 / 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
$178,735
Tax year 2023
Assessed value
$12,746,858
Assessed 2023
Previous assessed
$12,300,144
+3.6% YoY
Effective rate
1.40%
On assessed value
Land market value
$2,606,441
Improvement market value
$10,140,417
Total market value
$12,746,858
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
24
Total area
99,301 SF
Lot
10.64 ac (463,696 SF)
APN
19-20-30-517-0000-0110
UPID
US18-4459031
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
WAREHOUSE, STORAGE Current
Est. value
$18.1M
COMMERCIAL (GENERAL)
Est. value
$26.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.1M
OFFICE BUILDING
Est. value
$21.3M
RETAIL STORES
Est. value
$18.9M
INDUSTRIAL (GENERAL)
Est. value
$17.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
24
Lot
10.64 ac
Current owner
From public records · entity-resolved
Spi Tcm Technology Park Owner LLC
Entity
Free & Clear · 5 yrs held
Mailing address
275 COMMERCE DR STE #300, FT WASHINGTON, PA 19034-2413
Ownership since
2021
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, 2021
—
Spi Tcm Technology Park Owner LLC
Rcs Tch Park LLC
Re-recorded Document
related
—
Feb 26, 2021
$34,500,000
Spi Tcm Technology Park Owner LLC
Rcs Tech Park LLC
Warranty Deed
$24,150,000 · Dbr Investments Co Limited
Jun 28, 2016
$21,300,000
Rcs Tech Park LLC
Sun Life Assurance Company Of Canda
Warranty Deed
—
May 15, 2006
$25,200,000
Sun Life Assurance Co Of Canada
Firstcal Indl 2 Acquisition L
Grant Deed
—
Oct 10, 2005
$29,319,900
Indl 2 Acquisition L Firstcal
Duke Realty
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 255 Technology Park?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
