7-Unit Retail Strip
1115 E Altamonte Drive, Altamonte Springs, FL 32701
For Sale
Contact for pricing
Month-to-month leases and one available unit support a range of occupancy arrangements.
Property Size3,300 SF
Lot Size0.61 Acres
Price / SF$242.42
Days on Market96
Property Features for 1115 E Altamonte Drive
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Traffic Count
Tenant in Place
Amenities
yard space
Building Details
Tenancy
Listing Agency:
The Bywater Company
Listed By:
Sallie Jane Bywater · License #SL3660614
Source:
Crexi
Added: Aug 6
Changed: Nov 8
Last Checked: Nov 8 at 4:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Bywater Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,300-square-foot retail center contains seven units, including one vacant space. Leases are month-to-month. The property occupies 0.61 acres and includes yard space behind the building. Its parking lot was recently renovated and provides 22 spaces.
The center is at a signalized intersection on E Altamonte Drive in Altamonte Springs, Florida, across from Gordon Center Plaza. Average daily traffic is 44,500 cars. The address is 1115 E Altamonte Drive, Altamonte Springs, FL 32701.
The center is at a signalized intersection on E Altamonte Drive in Altamonte Springs, Florida, across from Gordon Center Plaza. Average daily traffic is 44,500 cars. The address is 1115 E Altamonte Drive, Altamonte Springs, FL 32701.
Key Highlights
- Seven retail units, with one vacant
- 3,300 square feet on 0.61 acres
- Month‑to‑month leases across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,802
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,296,040
$1.3M
Cap Rate 7%
$925,743
$925.7K
Cap Rate 9%
$720,022
$720.0K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$95.8K $29.04/SF
− Vacancy
−$3.3K −$0.99/SF
EGI
$92.6K $28.05/SF
− OpEx
−$27.8K −$8.42/SF
NOI
$64.8K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,296,040
Cap Rate 7%
$925,743
Cap Rate 9%
$720,022
Alternative Uses
Best Use
Retail
$925.7K
$810.0K – $1.08M
NOI $64,802 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$989.8K
$866.1K – $1.15M
NOI $69,287 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
44,500 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 27%
Beauty & Spa 4%
Citgo
Shops & Services
7,012 visits/mo
0.2 miles
AutoZone
Shops & Services
6,803 visits/mo
0.2 miles
Tijuana Flats
Dining
6,629 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
6,153 visits/mo
0.3 miles
HoneyBaked Ham
Dining
4,726 visits/mo
0.1 miles
Demographics for 32701, FL
23,265
Population
12,085
Households
1.9
Avg Household Size
40
Median Age
35%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
4,154
Density / Sq Mi
$62,008
Median Household Income
$37,359
Median Earnings
$1,609
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Month-to-month leases and one available unit support a range of occupancy arrangements.
Where is this strip mall located?
The property is located at 1115 E Altamonte Drive Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Seven retail units, with one vacant; 3,300 square feet on 0.61 acres; Month‑to‑month leases across the property
