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Property profile & analytics
FOR LEASE
Office buildings
400 Colonial Center Pkwy Lake Mary, FL 32746
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-8214850
For Lease
$32,545,000
400 Colonial Center Pkwy, Lake Mary, FL 32746
View Listing →
Property summary
AI-generated overview
400 TownPark in Lake Mary, Florida, offers a prime opportunity for businesses seeking Class A office space. This single, five-story building, constructed in 2008, boasts a total of 175,674 square feet and features a variety of suite sizes to accommodate diverse needs. Spaces range from a minimum of 3,935 square feet to a maximum contiguous space of 104,000 square feet, making it suitable for both smaller businesses and large corporations. The building is conveniently located at 400 Colonial Center Pkwy, Lake Mary, FL 32746, within the Lake Mary submarket. Multiple tenancy options are available. Building amenities include elevators. This LEED Silver Certified building is a Boma 360 Performance Building, signifying its commitment to high-quality construction and operational efficiency. The property's location in the thriving Lake Mary market provides excellent access to major transportation routes and a wealth of amenities. This is an exceptional opportunity to secure prestigious office space in a highly sought-after location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
CONCRETE
Total area
172,642 SF
Lot
8.3 ac (361,504 SF)
APN
31-19-30-513-0000-0020
UPID
US18-8214850
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
-
George Patounakis, MD Physician
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Blink Charging Station Electric Vehicle Charging Station
-
Jared F. Martinez Financial Advisor
-
MPSA Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.54M
Blend (final)
Blend
$32.55M
Owner & transaction history
Dra Of Clp Townpark Office Or LLC · 19 yrs held
Dra Of Clp Townpark Office Or LLC
since 2007
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$45.8M
+23.4%
Neighborhood: shopping center
$38.4M
+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
$37,080,000
Current use
COMMERCIAL (GENERAL)
$45,760,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$38,360,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$32,800,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$31,540,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$30,015,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$32.55M
Range $29.29M – $35.80M · ±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
$189 / 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
$419,165
Tax year 2023
Assessed value
$31,497,212
Assessed 2023
Previous assessed
$31,497,212
+0.0% YoY
Effective rate
1.33%
On assessed value
Land market value
$3,108,762
Improvement market value
$28,388,450
Total market value
$31,497,212
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2008
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
172,642 SF
Lot
8.3 ac (361,504 SF)
APN
31-19-30-513-0000-0020
UPID
US18-8214850
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
$37.1M
COMMERCIAL (GENERAL)
Est. value
$45.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$38.4M
RETAIL STORES
Est. value
$32.8M
WAREHOUSE, STORAGE
Est. value
$31.5M
INDUSTRIAL (GENERAL)
Est. value
$30.0M
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
2008
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
8.3 ac
Current owner
From public records · entity-resolved
Dra Of Clp Townpark Office Or LLC
Entity
Mailing address
400 TOWN BLVD NE, ATLANTA, GA 30319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Jun 20, 2007
—
Dra Of Clp Townpark Office Or LLC
Colonial Properties Svcs INC
Quit Claim Deed
related
$741,907,256 · Wells Fargo Bk
—
—
Dra Of Clp Townpark Office
—
Loan Modification
related
—
—
—
Dra Of Clp 600 Townpark Office
—
Loan Modification
related
—
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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