Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    938 Williston Park Pte Lake Mary, FL 32746-2166
    Property profile & analytics

    938 Williston Park Pte Lake Mary, FL 32746-2166

    View on Map
    • Office properties & Spaces
    • 1,521 SF
    • 0.03 lot acres
    Off-Market
    Property ID
    US19-0673535
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hunt Eyecare / Eye Care Center / Optometrist

    Property Details for 938 Williston Park Pte

    Year built
    2004
    Construction
    CONCRETE BLOCKS
    Lot size
    0.03 lot acres
    Property size
    1,521 SF
    Property type
    Office properties & Spaces
    APN
    06-20-30-510-0300-00E0
    APU
    062030510030000E0

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mary
    County
    Seminole
    State
    Florida
    Longitude
    -81.3499
    Latitude
    28.7728
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,846
    $0.00
    $0.00
    $349,830
    -
    $0.00
    $349,830
    $349,830

    Comparable in this City

    • Value Estimation by Request
      5,396 SF

      960 International Pkwy

      Medical Office Space • 5,396 SF
      960 International Pkwy, Lake Mary, FL 32746
      View Details
    • Value Estimation
      $725,000
      3,050 SF

      440 Saint Charles Ct Ste, Unit 1000

      CONDOMINIUM OFFICES • 3,050 SF
      440 Saint Charles Ct Ste, Lake Mary, FL 32746-2180
      View Details
    • Value Estimation
      $890,000
      5,426 SF

      2500 Lk Mary Blvd Ste, Unit 106

      CONDOMINIUM OFFICES • 5,426 SF
      2500 Lk Mary Blvd Ste, Lake Mary, FL 32746-3501
      View Details
    • Value Estimation
      $1,090,000
      4,902 SF

      767 Stirling Ctr Pl Ste, Unit 1401

      CONDOMINIUM OFFICES • 4,902 SF
      767 Stirling Ctr Pl Ste, Lake Mary, FL 32746-5713
      View Details
    • Value Estimation
      $1,090,000
      4,900 SF

      755 Stirling Ctr Pl Ste, Unit 1541

      CONDOMINIUM OFFICES • 4,900 SF
      755 Stirling Ctr Pl Ste, Lake Mary, FL 32746-5714
      View Details
    • Value Estimation by Request
      3,276 SF

      390 Caring Dr

      Office properties & Spaces • 3,276 SF
      390 Caring Dr, Lake Mary, FL 32746
      View Details

    Similar Nearby for Sale

    • $1,999,999

      Lake Mary Land Opportunity

      20 acres in desirable Lake Mary, close to everything!
      400 Longwood Lake Mary Rd, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      5,396 SF

      Stand-Alone Office Building For Sale

      5,000 SF office building in Lake Mary/Heathrow's International Parkway.
      960 International Pkwy, Lake Mary, FL 32746
      View Details
    • $599,900

      Commercially Zoned Lot in Downtown

      Rare commercially zoned lot in vibrant downtown Lake Mary square.
      160 N 4Th St, Lake Mary, FL 32746
      View Details
    • Contact for pricing
      723 SF

      Lake Mary Office Space Available

      Well-maintained office space near downtown Lake Mary, suitable for professionals.
      2500 W Lake Mary Blvd, Lake Mary, FL 32746
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lake Mary Retail Opportunity

      1.41 acres with drive-thru, near offices and retail.
      1321 Heathrow Center Ln, Lake Mary, FL 32746
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space available for lease at 400 International Pkwy.
      400 International Pkwy, Heathrow, FL 32746
      View Details
    • $20 SF/Yr
      1,216 SF

      Lake Mary Medical/Professional Office

      1216 SF office space suitable for medical or professional use.
      1045 Primera Blvd, Lake Mary, FL 32746
      View Details
    • $20 SF/Yr
      996 SF

      Lake Mary Professional Office Space

      996 SF professional office space in Lake Mary, Florida.
      1045 Primera Blvd, Lake Mary, FL 32746
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with flexible options for rent.
      801 International Pkwy, Lake Mary, FL 32746
      View Details
    • Contact for pricing

      Renovated Flex Space in Lake Mary

      5,600 SF industrial flex space with renovated office.
      109 Commerce St, Lake Mary, FL 32746
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    938 Williston Park Pte
    Lake Mary, FL 32746-2166
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    938 Williston Park Pte, Lake Mary, FL, 32746
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!