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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3240 Lk Mary Blvd Lake Mary, FL 32746-3583

    • Office Properties & Spaces
    • 945 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6955711
    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

    • Personal Trainer Orlando - iN8 Fitness / Gym & Fitness Center
    • Lake Mary Chiropractic Center / Alternative Medicine Practice
    • Monica A. Kim, DC / Alternative Medicine Practice
    • Laura Beattie / Alternative Medicine Practice / Acupuncture
    • Dr. James Bowles / Alternative Medicine Practice

    Property Details for 3240 Lk Mary Blvd

    Year built
    2007
    Construction
    CONCRETE BLOCKS
    Lot size
    0.02 lot acres
    Property size
    945 SF
    Property type
    Office Properties & Spaces
    APN
    08-20-30-512-0300-00C0
    APU
    082030512030000C0

    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
    -81.3355
    Latitude
    28.7569
    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
    $2,612
    $0.00
    $0.00
    $203,175
    -
    $0.00
    $203,175
    $203,175

    Comparable in this City

    • Value Estimation by Request
      5,396 SF

      960 International Pkwy

      Medical offices • 5,396 SF
      960 International Pkwy, Lake Mary, FL 32746
      View Details
    • Value Estimation
      $725,000
      3,050 SF

      440 Saint Charles Ct Ste, Unit 1000

      CONDOMINIUM OFFICES • 3,050 SF
      440 Saint Charles Ct Ste, Lake Mary, FL 32746-2180
      View Details
    • Value Estimation
      $890,000
      5,426 SF

      2500 Lk Mary Blvd Ste, Unit 106

      CONDOMINIUM OFFICES • 5,426 SF
      2500 Lk Mary Blvd Ste, Lake Mary, FL 32746-3501
      View Details
    • Value Estimation
      $1,090,000
      4,902 SF

      767 Stirling Ctr Pl Ste, Unit 1401

      CONDOMINIUM OFFICES • 4,902 SF
      767 Stirling Ctr Pl Ste, Lake Mary, FL 32746-5713
      View Details
    • Value Estimation
      $1,090,000
      4,900 SF

      755 Stirling Ctr Pl Ste, Unit 1541

      CONDOMINIUM OFFICES • 4,900 SF
      755 Stirling Ctr Pl Ste, Lake Mary, FL 32746-5714
      View Details
    • Value Estimation by Request
      3,276 SF

      390 Caring Dr

      Office Properties & Spaces • 3,276 SF
      390 Caring Dr, Lake Mary, FL 32746
      View Details

    Similar Nearby for Sale

    • 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
    • $2,300,000
      5,396 SF

      Lake Mary Office Building Investment

      Prime Lake Mary office, income-producing, 5,396 SF
      960 International Pkwy, Lake Mary, FL 32746
      View Details
    • $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
    • $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
    • $155,000
      723 SF

      Lake Mary Office Space Available

      Well-maintained office space near downtown Lake Mary, suitable for professionals.
      2500 W Lake Mary Blvd, Lake Mary, FL 32746
      View Details
    • $395,000

      Lake Mary Professional Office Space

      Turn-key office space with updated features in Lake Mary.
      1331 S International Pkwy, Lake Mary, FL 32746
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      18,416 SF

      Lake Mary Office Building For Lease

      Prime Lake Mary office space, 18,416 sq ft.
      31 Skyline Dr, Lake Mary, FL 32746
      View Details
    • $22 SF/Yr
      32,000 SF

      Prime Office Space, Seminole County

      Class B Office Building, Excellent Location
      101 Commerce St, Lake Mary, FL 32746
      View Details
    • $18 SF/Yr
      28,183 SF

      Lake Mary Executive Office Suites

      Prestigious Lake Mary office space available.
      3300 Lake Mary Blvd, Lake Mary, FL 32746
      View Details
    • $15 SF/Yr
      6,000 SF

      Lake Mary Office Space Available

      Two 3,000 SF office spaces available near I-4 & SR 417.
      200 Waymont Ct, Lake Mary, FL 32746
      View Details
    • $26 SF/Yr
      1,400 SF

      Professional Office Space Available Soon

      1,400 SF professional office space available Summer 2025.
      3599 W Lake Mary Blvd, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      1,396 SF

      Lake Mary Office Sublease

      Office space available in established Lake Mary business park.
      635 Primera Blvd, 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.
    3240 Lk Mary Blvd
    Lake Mary, FL 32746-3583
    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.