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

    3525 Lk Mary Blvd Lake Mary, FL 32746-3473

    • Strip malls
    • 16,908 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimations
    $3,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5339377
    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

    • Permanent Solution / Beauty Salon
    • j'adore / Permanent Make-Up Clinic / Eyelash Salon
    • . / Permanent Make-Up Clinic
    • lake mary scalpartistry / Hair Replacement Service
    • Your Brow Fantasy / Permanent Make-Up Clinic

    Property Details for 3525 Lk Mary Blvd

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    1.85 lot acres
    Property size
    16,908 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    17-20-30-300-0160-0000
    APU
    17203030001600000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,372,000
      Market price range: $2.53M - $6.24M
      AI Estimate
      $3,372,000
      Market price range: $2.53M - $6.24M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,755,000
      Current use
      COMMERCIAL (GENERAL)
      $4,480,000
      Change: +19% Conversion: Easy
      OFFICE BUILDING
      $3,630,000
      Change: -3% Conversion: Moderate
      RETAIL STORES
      $3,215,000
      Change: -14% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,090,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mary
    County
    Seminole
    State
    Florida
    Longitude
    -81.3408
    Latitude
    28.7555
    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
    $32,553
    $0.00
    $0.00
    $2,321,601
    -
    $922,473
    $1,399,128
    $2,321,601

    Comparable in this City

    • Value Estimation
      $1,775,000
      5,133 SF

      132 4th St Ste, Unit 1210

      SHOPPING CENTER, STRIP CENTER • 5,133 SF
      132 4th St Ste, Lake Mary, FL 32746-2932
      View Details
    • Value Estimation
      $8,595,000
      23,287 SF

      1101 International Pkwy

      SHOPPING CENTER, STRIP CENTER • 23,287 SF
      1101 International Pkwy, Lake Mary, FL 32746-5239
      View Details
    • Value Estimation
      $1,445,000
      7,320 SF

      3575 Lk Mary Blvd

      SHOPPING CENTER, STRIP CENTER • 7,320 SF
      3575 Lk Mary Blvd, Lake Mary, FL 32746-3469
      View Details
    • Value Estimation
      $2,850,000
      7,725 SF

      850 Sun Dr

      SHOPPING CENTER, STRIP CENTER • 7,725 SF
      850 Sun Dr, Lake Mary, FL 32746-2064
      View Details
    • Value Estimation
      $1,200,000
      5,007 SF

      187 Crystal Lk Ave

      SHOPPING CENTER, STRIP CENTER • 5,007 SF
      187 Crystal Lk Ave, Lake Mary, FL 32746-3207
      View Details
    • Value Estimation
      $4,430,000
      12,000 SF

      142 Lakeview Ave Ste, Unit 1000

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      142 Lakeview Ave Ste, Lake Mary, FL 32746-2903
      View Details

    Similar Nearby for Sale

    • $6,086,000
      9,809 SF

      New Retail Buildings For Sale

      New construction retail buildings with long-term leases near Orlando Health.
      438 Rinehart Rd, Lake Mary, FL 32746
      View Details
    • New
      $1,590,000
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      Versatile Mixed-Use Commercial Property

      Commercial property ideal for retail, office, or showroom uses.
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      Prime Lake Mary Office, 3600 SF, Triple-Net.
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      Lake Mary Office Building Investment

      Prime Lake Mary office, income-producing, 5,396 SF
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    • $675,000

      Lake Mary Vacant Acre Lot

      One-acre vacant lot in gated Lake Mary community.
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    • $2,400,000

      Land For Sale Lake Mary

      Land available for sale in Lake Mary, Florida.
      2695 W Lake Mary Blvd, Lake Mary, FL 32746
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    Similar Nearby for Lease

    • Contact for pricing
      200,000 SF

      Lake Mary Office Suites Available

      Prime Lake Mary office space, multiple suites.
      211 Wheelhouse Ln, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      1,980 SF

      Retail Space in Lake Mary

      Retail space available in Lake Mary Village shopping center.
      3899 W Lake Mary Blvd, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      107,566 SF

      Retail Space with Loading Docks

      Retail property featuring loading docks and pylon signage available for lease.
      3750 Flagg Ln, 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
    • Contact for pricing
      2,600 SF

      Second Generation Fitness Studio Available

      2,600 SF fitness studio available near Orlando Health Hospital.
      446 Rinehart Rd, Lake Mary, FL 32746
      View Details
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    Lake Mary, FL 32746-3473
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    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
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