Altamonte Springs Multi-Tenant
For Sale
$695,000
1170 W STATE ROAD 436, Altamonte Springs, FL 32714
Fully leased office/retail property on State Road 436.
Property Size2,026 SF
Lot Size0.25 Acres
Price / SF$343.04
Days on Market139
Property Features for 1170 W STATE ROAD 436
General Information
Standard status
Active
Size
2,026 SF
Lot size
0.25 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,017
Amenities
Central air
Pool
Public Pool
Sidewalk
Central Air Cooling
Central Heating
Ceramic Tile Flooring
Deeded
Electric Heating
Membrane Roof
Paved
Street Lights
Building Details
Year Built
1960
Listing Agency:
RESOURCE REALTY SERVICES, INC.
(407) 767-7653
Listed By:
MARK RAPONI
Source:
Corcoran
Added: Mar 27
Changed: Aug 12
Last Checked: Aug 12 at 7:33AM
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 RESOURCE REALTY SERVICES, INC.
Investment Insights
Based on property information with market context.
This fully leased multi-tenant property is located in Altamonte Springs and features frontage on State Road 436. The property is of solid block construction and includes a newer roof and updated electrical systems. The property is suitable for commercial real estate and includes office and retail spaces. Current tenants include an insurance agency, a barber shop, and a retail apparel store. The property contains a total area of 2026 square feet.
Key Highlights
- Fully leased, turn‑key investment property.
- Located on busy SR 436 in Altamonte Springs, offering high visibility.
- Solid block construction.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,784
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,680
$795.7K
Cap Rate 7%
$568,343
$568.3K
Cap Rate 9%
$442,044
$442.0K
Market Conditions
NOI Build-Up for 2,026 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.8K $29.04/SF
− Vacancy
−$2.0K −$0.99/SF
EGI
$56.8K $28.05/SF
− OpEx
−$17.1K −$8.42/SF
NOI
$39.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,680
Cap Rate 7%
$568,343
Cap Rate 9%
$442,044
Alternative Uses
Best Use
Retail
$568.3K
$497.3K – $663.1K
NOI $39,784 @ 7.0% cap · market cap 5.72%
Second Best
Office B
$432.4K
$378.4K – $504.5K
NOI $30,268 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$576.5K
$504.5K – $672.6K
NOI $40,358 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 32714, FL
38,049
Population
16,722
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,476
Density / Sq Mi
$67,333
Median Household Income
$39,714
Median Earnings
$1,641
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased office/retail property on State Road 436.
Where is this mixed-use property located?
The property is located at 1170 W STATE ROAD 436 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully leased, turn‑key investment property.; Located on busy SR 436 in Altamonte Springs, offering **high visibility**.; Solid block construction.
