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Property profile & analytics
OFF-MARKET
Estimated value
$3,320,000
Schools
2635 Lk Mary Blvd Lake Mary, FL 32746-3565
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-7377809
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2019
Construction
CONCRETE
Total area
12,681 SF
Lot
0.94 ac (40,920 SF)
APN
16-20-30-300-0140-0000
UPID
US18-7377809
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
-
Alaqua Lakes KinderCare Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$3.32M
Owner & transaction history
2609 W Lake Mary LLC · 11 yrs held
2609 W Lake Mary LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+4.5%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$3,215,000
Current use
COMMERCIAL (GENERAL)
$3,360,000
Change: +5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,815,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$2,725,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.32M
Range $2.99M – $3.65M · ±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
$262 / 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
$27,510
Tax year 2023
Assessed value
$1,961,940
Assessed 2023
Previous assessed
$1,938,359
+1.2% YoY
Effective rate
1.40%
On assessed value
Land market value
$473,854
Improvement market value
$1,488,086
Total market value
$1,961,940
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
12,681 SF
Lot
0.94 ac (40,920 SF)
APN
16-20-30-300-0140-0000
UPID
US18-7377809
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
Lot
0.94 ac
Current owner
From public records · entity-resolved
2609 W Lake Mary LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2635 W LK MARY BLVD, LAKE MARY, FL 32746-3565
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
—
Eig14t Rccc 200 Fl-lake Mary L
—
Deed
related
$2,325,000 · Miscellaneous Ins Co
Sep 24, 2014
—
2609 W Lake Mary LLC
2609 W Lake Mary LLC
Quit Claim Deed
related
—
Sep 24, 2014
$500,000
Noorora Properties LLC
Solantic Corp
Grant Deed
$250,000 · Sunbeach Investment Co
Mar 13, 2008
$780,000
Solantic Corp
2609 W Lake Mary LLC
Warranty Deed
—
Nov 14, 2005
$550,000
Cnbs Properties LLC
Prescription Centers LLC
Warranty Deed
$550,000 · United Southern Bank
Oct 28, 2003
$375,000
Prescription Centers LLC
Mason,j C & Shirley
Grant Deed
$300,000 · Sounthern Community Central Fl
—
—
Eig14t Rccc 200 Fl-lake Mary L
—
Deed Of Trust
related
$2,325,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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