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Property profile & analytics
OFF-MARKET
Estimated value
$12,770,000
Distribution centers
3725 Lk Mary Blvd, Lake Mary, FL 32746-3393
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-1042030
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
CONCRETE BLOCKS
Total area
41,565 SF
Lot
5.13 ac (223,245 SF)
APN
17-20-30-300-024J-0000
UPID
US18-1042030
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
-
Public Storage Storage Facility
-
Pure Green Air Duct Cleaning Lake Mary HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.12M
Blend (final)
Blend
$12.77M
Owner & transaction history
Ps Florida One Lake Mary INC · 10 yrs held
Ps Florida One Lake Mary INC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.2M
+152.8%
Commercial (general)
$11.0M
+45.1%
Neighborhood: shopping center
$9.2M
+21.6%
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
AUTO REPAIR, GARAGE
$19,195,000
Change: +153% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,020,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,235,000
Change: +22% · Conversion: Moderate
OFFICE BUILDING
$8,930,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$7,895,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$12.77M
Range $11.49M – $14.05M · ±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
$307 / 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
$129,944
Tax year 2023
Assessed value
$10,041,143
Assessed 2023
Previous assessed
$9,074,274
+10.7% YoY
Effective rate
1.29%
On assessed value
Land market value
$2,558,388
Improvement market value
$7,482,755
Total market value
$10,041,143
Applied tax rate
1.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
2
Total area
41,565 SF
Lot
5.13 ac (223,245 SF)
APN
17-20-30-300-024J-0000
UPID
US18-1042030
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
AUTO REPAIR, GARAGE
Est. value
$19.2M
COMMERCIAL (GENERAL)
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.2M
OFFICE BUILDING
Est. value
$8.9M
RETAIL STORES
Est. value
$7.9M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
2
Lot
5.13 ac
Current owner
From public records · entity-resolved
Ps Florida One Lake Mary INC
Entity
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2016
$15,597,400
Ps Florida One Lake Mary INC
Lake Mary Storage Partners Ltd
Grant Deed
$3,324,387 · * Other Institutional Lenders
Jul 13, 1999
$350,000
Lake Mary Storage Partners Ltd
Mikkelson,william L & Fern A
Trustees Deed
—
Jul 13, 1999
$550,000
Lake Mary Storage Partners Ltd
Mikkelson,william L & Fern A
Trustees Deed
$1,631,600 · First Union National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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