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Property profile & analytics
OFF-MARKET
Estimated value
$16,400,000
Schools
650 Rantoul Ln Lake Mary, FL 32746-4244
Entity Owned
1-yr Hold
Free & Clear
Property ID
US19-0418958
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2002
Construction
CONCRETE BLOCKS
Total area
21,960 SF
Lot
46.3 ac (2,016,828 SF)
APN
04-20-30-300-005A-0000
UPID
US19-0418958
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
-
Lake Mary Tennis Sports School Sports Field & Court
-
Lake Mary Preparatory School Basketball Court Sports Field & Court Construction Company
-
SportsTyme Summer Camp Family Recreation Center
-
Brey's Basketball Academy Association Or Organization
-
Lake Mary Preparatory School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.40M
Owner & transaction history
Isp York Holdco LLC · 1 yrs held
Isp York Holdco LLC
since 2024
Last sale
$16.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.5M
+160.8%
Auto repair, garage
$10.1M
+82.1%
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
$16,400,000
ML approach
$16,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$14,525,000
Change: +161% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,140,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$16.40M
Range $14.76M – $18.04M · ±10% · vs last sale $16.40M (Dec 16 2024)
Last sale anchor
$16.40M
Dec 16 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
$747 / 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
Assessed value
$7,798,514
Assessed 2023
Previous assessed
$7,797,796
+0.0% YoY
Land market value
$2,282,482
Improvement market value
$5,516,032
Total market value
$7,798,514
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2002
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
49
Total area
21,960 SF
Lot
46.3 ac (2,016,828 SF)
APN
04-20-30-300-005A-0000
UPID
US19-0418958
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
RESTAURANT
Est. value
$14.5M
AUTO REPAIR, GARAGE
Est. value
$10.1M
RESTAURANT
AUTO REPAIR, GARAGE
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
2002
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
49
Lot
46.3 ac
Current owner
From public records · entity-resolved
Isp York Holdco LLC
Entity
Free & Clear · 1 yrs held
Mailing address
650 RANTOUL LN, LAKE MARY, FL 32746-4244
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
$16,400,000
Isp York Holdco LLC
Lake Mary Land LLC
Special Warranty Deed
—
Dec 19, 2017
—
Lake Mary Land LLC
—
Grant Deed
related
$2,000,000 · Private Individual
Jan 27, 2017
$15,100,000
Lake Mary Land LLC
Lake Mary Real Estate LLC
Grant Deed
—
Aug 5, 2011
—
Lake Mary Real Estate LLC
—
Deed Of Trust
related
$135,000,000 · Credit Suisse Ag
Jul 24, 2007
$10,000,000
Lake Mary Real Estate LLC
Alcott,william M & Pouneh M
Grant 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.
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