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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Office buildings
968 International Pkwy Lake Mary, FL 32746-5219
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-8260283
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2018
Construction
CONCRETE BLOCKS
Total area
5,108 SF
Lot
0.13 ac (5,758 SF)
APN
06-20-30-300-007U-0000
UPID
US18-8260283
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
-
Central Florida Eye Specialists Eye Care Center Doctor
-
Central Florida Eye Specialists, Lake Mary- Dr.'s Barber, R. Scruggs, Sluch, D. Scruggs, Mackinder, Chih Ophthalmologist
-
Ilya Sluch, MD: Cornea, Cataract, and General Ophthalmology Ophthalmologist
-
BAO TRUONG Ophthalmologist
-
Phillip Mackinder Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.45M
Owner & transaction history
Lakee Mary Eye LLC · 8 yrs held
Lakee Mary Eye LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+115.0%
Commercial (general)
$1.4M
+23.4%
Neighborhood: shopping center
$1.1M
+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
$1,095,000
Current use
AUTO REPAIR, GARAGE
$2,360,000
Change: +115% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,355,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,135,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$970,000
Change: -12% · Conversion: Moderate
WAREHOUSE, STORAGE
$935,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$890,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$283 / 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
$17,029
Tax year 2023
Assessed value
$1,398,335
Assessed 2023
Previous assessed
$1,218,991
+14.7% YoY
Effective rate
1.22%
On assessed value
Land market value
$575,800
Improvement market value
$822,535
Total market value
$1,398,335
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
2018
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
5,108 SF
Lot
0.13 ac (5,758 SF)
APN
06-20-30-300-007U-0000
UPID
US18-8260283
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
$1.1M
AUTO REPAIR, GARAGE
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$935,000
INDUSTRIAL (GENERAL)
Est. value
$890,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
2018
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Lakee Mary Eye LLC
Entity
Mailing address
130 N SPG LK DR, ALTAMONTE SPG, FL 32714-3408
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Lake Mary Surgical Suite LLC
—
Deed
related
$1,025,000 · Seacoast Nat'l Bk
Nov 16, 2020
—
Lake Mary Surgical Suite LLC
—
Deed
related
$977,500 · Seacoast Nat'l Bk
May 10, 2018
$500,000
Lakee Mary Eye LLC
Central Parc III LLC
Special Warranty Deed
$2,839,000 · Seacoast National Bank
May 10, 2018
$396,375
Central Parc III LLC
International Parkway I LLC
Warranty Deed
—
Apr 20, 2016
$792,850
International Parkway I LLC
Central Parc III LLC
Grant Deed
related
$1,411,731 · First Colony Bk/fl
—
—
Lake Mary Surgical Suite LLC
—
Deed Of Trust
related
$1,025,000 · Seacoast Nat'l Bk
—
—
Lake Mary Surgical Suite LLC
—
Deed Of Trust
related
$977,500 · Seacoast Nat'l Bk
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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