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

    3415 Lk Mary Blvd Lake Mary, FL 32746-3411

    • Investment properties
    • 18,271 SF
    • 6.07 lot acres
    OFF-MARKET
    Value Estimations
    $6,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4765038
    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

    • Air & Aero Heating and Cooling / HVAC Service / General Contractor
    • Dr Hook It Up / IT Consulting Firm / Tech Support Center
    • Wats Real TV / Television Studio / Media Distribution
    • Formluxe / Industrial Manufacturer / Production Facility
    • ShipBuddies / Logistics Company / Freight Service

    Property Details for 3415 Lk Mary Blvd

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    6.07 lot acres
    Property size
    18,271 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    17-20-30-300-013A-0000
    APU
    172030300013A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,745,000
      Market price range: $2.31M - $10.4M
      AI Estimate
      $6,745,000
      Market price range: $2.31M - $10.4M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,845,000
      Current use
      AUTO REPAIR, GARAGE
      $8,440,000
      Change: +74% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,060,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mary
    County
    Seminole
    State
    Florida
    Longitude
    -81.3383
    Latitude
    28.7552
    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
    $0.00
    $0.00
    $0.00
    $4,036,770
    -
    $2,425,098
    $1,611,672
    $4,036,770

    Comparable in this City

    • Value Estimation by Request
      672 SF

      116 Crystal Lk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 672 SF
      116 Crystal Lk Ave, Lake Mary, FL 32746-3222
      View Details
    • Value Estimation
      $690,000
      2,160 SF

      Cr 46a

      OFFICE/RESIDENTIAL (MIXED USE) • 2,160 SF
      Cr 46a, Lake Mary, FL 32746
      View Details
    • Value Estimation by Request
      800 SF

      194 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 800 SF
      194 2nd St, Lake Mary, FL 32746-3006
      View Details
    • Value Estimation
      $1,825,000
      12,157 SF

      580 Grn Way Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 12,157 SF
      580 Grn Way Blvd, Lake Mary, FL 32746-3751
      View Details
    • Value Estimation by Request
      1,305 SF

      1145 Townpark Ave

      Investment properties • 1,305 SF
      1145 Townpark Ave, Lake Mary, FL 32746
      View Details
    • Value Estimation by Request
      1,610 SF

      Turnkey Bakery And Ice Cream Shop For Sale- 2 Orlando Locations

      Restaurants • 1,610 SF
      0 Turnkey Bakery And Ice Cream Shop For Sale- 2 Orlando Locations, Lake Mary, FL 32746
      View Details

    Similar Nearby for Sale

    • $1,590,000
      4,900 SF

      Versatile Mixed-Use Commercial Property

      Commercial property ideal for retail, office, or showroom uses.
      141 Parliament Loop, 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
    • $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
    • $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
    • $675,000

      Lake Mary Vacant Acre Lot

      One-acre vacant lot in gated Lake Mary community.
      1657 Enclave Cv, 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

    Similar Nearby for Lease

    • Contact for pricing
      3,009 SF

      Lake Mary Retail Space

      Retail space available for lease in Lake Mary, Florida.
      901 Currency Cir, 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
    • $20 SF/Yr
      1,261 SF

      Lake Mary Medical/Professional Office

      1261 SF office space suitable for medical or professional use.
      1045 Primera Blvd, Lake Mary, FL 32746
      View Details
    • $5,988 /Mo

      Renovated Executive Office in Lake Mary

      Renovated office space in downtown Lake Mary with included utilities.
      2500 W Lake Mary 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.
    3415 Lk Mary Blvd
    Lake Mary, FL 32746-3411
    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.