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Property profile & analytics
OFF-MARKET
Estimated value
$25,060,000
Office buildings
3200 Lk Emma Rd Lake Mary, FL 32746-3358
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3608123
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
CONCRETE BLOCKS
Total area
153,084 SF
Lot
21.29 ac (927,392 SF)
APN
18-20-30-300-007A-0000
UPID
US18-3608123
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
-
Axium Healthcare Pharmacy, Inc. Medical Clinic
-
Sears Holdings Customer Service Center Telecommunications Service Tech Support Center
-
Transformco Call Center - Service Contracts Telecommunications Service Tech Support Center
-
Kroger Specialty Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.06M
Blend (final)
Blend
$25.06M
Owner & transaction history
Kroger Co · 10 yrs held
Kroger Co
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$40.6M
+23.4%
Neighborhood: shopping center
$34.0M
+3.4%
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
OFFICE BUILDING
$32,880,000
Current use
COMMERCIAL (GENERAL)
$40,580,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$34,010,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$29,085,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$27,965,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$26,615,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$25.06M
Range $22.55M – $27.57M · ±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
$164 / 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
$220,111
Tax year 2023
Assessed value
$15,697,636
Assessed 2023
Previous assessed
$14,518,466
+8.1% YoY
Effective rate
1.40%
On assessed value
Land market value
$5,265,140
Improvement market value
$10,432,496
Total market value
$15,697,636
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
52
Total area
153,084 SF
Lot
21.29 ac (927,392 SF)
APN
18-20-30-300-007A-0000
UPID
US18-3608123
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
OFFICE BUILDING Current
Est. value
$32.9M
COMMERCIAL (GENERAL)
Est. value
$40.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.0M
RETAIL STORES
Est. value
$29.1M
WAREHOUSE, STORAGE
Est. value
$28.0M
INDUSTRIAL (GENERAL)
Est. value
$26.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
52
Lot
21.29 ac
Current owner
From public records · entity-resolved
Kroger Co
Entity
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Ownership since
2016
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 8, 2016
$18,317,100
Kroger Co
Tgt Lake Emma LLC
Grant Deed
—
Jan 5, 2012
—
Us Bank NA Series 2007-top26
G & I V Lake Emma LLC Coc
Trustees Deed
related
—
Jan 24, 2007
$24,950,000
G & I V Lake Emma LLC
Moreno Valley Invtrs Four LLC
Grant Deed
$18,300 · * Other Institutional Lenders
Jan 2, 2007
—
Seminole County
Moreno Valley Investors 4 LLC
Warranty Deed
related
—
—
—
Tgt Lake Emma LLC
—
Deed Of Trust
related
$13,495,000 · A10 Capital LLC
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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