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Property profile & analytics
FOR LEASE
Office buildings
640 Century Pt Lake Mary, FL 32746
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5266842
For Lease
$13,985,000
640 Century Pt, Lake Mary, FL 32746
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2001
Construction
TILT-UP CONCRETE
Total area
85,423 SF
Lot
11.88 ac (517,275 SF)
APN
06-20-30-509-0000-0010
UPID
US18-5266842
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
-
21st Century Insurance Insurance Agency
-
Farmer's Insurance Insurance Agency
-
Screecos Wholesale Big Box & Wholesale Store
-
Our Florida rent ASSISTANCE Charitable Organization Social Service Agency
-
Woodlief Linda Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.98M
Blend (final)
Blend
$13.99M
Owner & transaction history
Statae Of Florida Department Of Tra · 3 yrs held
Statae Of Florida Department Of Tra
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.6M
+23.4%
Neighborhood: shopping center
$19.0M
+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
$18,350,000
Current use
COMMERCIAL (GENERAL)
$22,645,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$18,980,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$16,230,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$15,605,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,850,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$13.99M
Range $12.59M – $15.38M · ±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
$164 / 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
$131,326
Tax year 2023
Assessed value
$9,365,785
Assessed 2023
Previous assessed
$9,186,547
+2.0% YoY
Effective rate
1.40%
On assessed value
Land market value
$3,595,166
Improvement market value
$5,770,619
Total market value
$9,365,785
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
For Lease
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
25
Total area
85,423 SF
Lot
11.88 ac (517,275 SF)
APN
06-20-30-509-0000-0010
UPID
US18-5266842
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
$18.4M
COMMERCIAL (GENERAL)
Est. value
$22.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.0M
RETAIL STORES
Est. value
$16.2M
WAREHOUSE, STORAGE
Est. value
$15.6M
INDUSTRIAL (GENERAL)
Est. value
$14.9M
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
25
Lot
11.88 ac
Current owner
From public records · entity-resolved
Statae Of Florida Department Of Tra
Entity
Free & Clear · 3 yrs held
Mailing address
719 S WOODLAND BLVD, DELAND, FL 32720-6834
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2023
—
Statae Of Florida Department Of Tra
Rinehart Ridge II INC
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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