Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2889 Lk Mary Blvd Lake Mary, FL 32746-3559

    • Specialty properties
    • 2,645 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Oct 16, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5123700
    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

    • Lake Mary Veterinary Clinic: Porter Amy M DVM / Veterinary Clinic
    • Dr. John E. Dyer / Veterinary Clinic
    • Lake Mary Veterinary Clinic / Veterinary Clinic
    • Ray Tonnie M DVM / Veterinary Clinic
    • Charles Leslie N DVM / Veterinary Clinic

    Property Details for 2889 Lk Mary Blvd

    Year built
    1988
    Construction
    CONCRETE BLOCKS
    Lot size
    0.81 lot acres
    Property size
    2,645 SF
    Property type
    Specialty properties
    APN
    16-20-30-523-0000-0010
    APU
    16203052300000010

    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
    -81.3301
    Latitude
    28.7557
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,055
    $0.00
    $0.00
    $931,077
    -
    $388,090
    $542,987
    $931,077

    Comparable in this City

    • Value Estimation by Request
      5,980 SF

      140 Wilbur Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,980 SF
      140 Wilbur Ave, Lake Mary, FL 32746-3226
      View Details
    • Value Estimation by Request
      3,660 SF

      645 Primera Blvd

      VETERINARY, ANIMAL HOSPITAL • 3,660 SF
      645 Primera Blvd, Lake Mary, FL 32746-2155
      View Details
    • Value Estimation by Request
      10,400 SF

      665 Longwood Lk Mary Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 10,400 SF
      665 Longwood Lk Mary Rd, Lake Mary, FL 32746-3757
      View Details
    • Value Estimation by Request
      6.00 Acres

      Lake

      CREMATORIUM, MORTUARY • 6.00 Acres
      Lake, Mary, FL 32746
      View Details
    • Value Estimation by Request
      3,000 SF

      5780 Markham Woods Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,000 SF
      5780 Markham Woods Rd, Lake Mary, FL 32746
      View Details
    • Value Estimation
      $11,625,000
      48,522 SF

      1097 Sand Pond Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 48,522 SF
      1097 Sand Pond Rd, Lake Mary, FL 32746-3354
      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
      1,293 SF

      Lake Mary Office For Sale

      Office space in Lake Mary, Florida, with ample parking.
      1355 S International Pkwy, Lake Mary, FL 32746
      View Details
    • 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
      View Details
    • $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
      View Details
    • $2,000,000
      4.97 Acres

      Lakefront Buildable Lot in Heathrow

      Approx. 5-acre lakefront property in a desirable, tranquil community.
      116 E Greentree Ln, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      1 SF

      Medical Pad in Lake Mary

      Shovel-ready medical pad near Orlando Health Lake Mary Hospital.
      462 Rinehart Rd, Lake Mary, FL 32746
      View Details

    Similar Nearby for Lease

    • $20,816

      Charming Assembly Building For Rent

      Charming assembly building for gatherings and special events.
      5464 Carter Rd, Lake Mary, FL 32746
      View Details
    • $231,825

      Lake Mary Commercial Space Available

      Prime commercial space suitable for various businesses in Lake Mary.
      1001 Greenwood Blvd, Lake Mary, FL 32746
      View Details
    • $231,825

      Lake Mary Commercial Space Available

      Commercial space suitable for daycares, schools, medical offices, and more.
      1001 Greenwood Blvd, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      81,200 SF

      Innovation Center: Flex Space For Lease

      81,200 SF Flex Space; Excellent Location
      2452 Lake Emma Rd, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      1,500 SF

      Retail or Medical Office Space

      Retail or medical office space available for lease.
      683 Rinehart Rd, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      6,267 SF

      Retail and Office Space Available

      Retail and office spaces for lease near I-4 interchange.
      3577-3641 Lake Emma Rd, Lake Mary, FL 32746
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2889 Lk Mary Blvd
    Lake Mary, FL 32746-3559
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.