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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office buildings
405 Waymont Ct Lake Mary, FL 32746-3586
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-8704141
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1999
Construction
CONCRETE
Total area
3,000 SF
Lot
0.11 ac (4,900 SF)
APN
17-20-30-507-0000-0140
UPID
US18-8704141
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
-
Lean Life Bio Medical Clinic
-
Precision Rx Pharmacy
-
Brian M. Campbell, PHD Physician Medical Clinic
-
Nancy Corwin Physician Medical Clinic
-
Nava Hajiabadi Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$725k
Owner & transaction history
Metricsmed Pr LLC · 1 yrs held
Metricsmed Pr LLC
since 2024
Last sale
$725,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$795,000
+23.4%
Neighborhood: shopping center
$665,000
+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
$725,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$645,000
Current use
COMMERCIAL (GENERAL)
$795,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$570,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$550,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $725k (Sep 12 2024)
Last sale anchor
$725k
Sep 12 2024
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
$242 / 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
$7,902
Tax year 2023
Assessed value
$563,523
Assessed 2023
Previous assessed
$563,523
+0.0% YoY
Effective rate
1.40%
On assessed value
Land market value
$264,992
Improvement market value
$298,531
Total market value
$563,523
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Total area
3,000 SF
Lot
0.11 ac (4,900 SF)
APN
17-20-30-507-0000-0140
UPID
US18-8704141
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
$645,000
COMMERCIAL (GENERAL)
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
RETAIL STORES
Est. value
$570,000
WAREHOUSE, STORAGE
Est. value
$550,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1999
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Metricsmed Pr LLC
Entity
Free & Clear · 1 yrs held
Mailing address
405 WAYMONT CT, LAKE MARY, FL 32746-3586
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
$725,000
Metricsmed Pr LLC
Brian Black
Warranty Deed
—
Nov 15, 2022
$600,000
Brian Black
Joseph F Meier
Warranty Deed
$480,000 · Joseph F Meier Etux
Jul 31, 1998
$140,000
Joseph F Meier
Canal,john W
Grant Deed
$315,000 · Alliance Bank
—
—
Joseph F Meier
—
Deed Of Trust
related
$295,000 · Bank Of America
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.
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