Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    220 N Westmonte Dr, Unit A Altamonte Springs, FL 32714

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $66,000

    Versatile 4,065 SF unit for office, medical, or professional use.

    Lot size:
    1.05 Acres

    Property Features for 220 N Westmonte Dr

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.05 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Kara Wisely
    Kara Wisely
    Source: Elliman

    Listing Agency: BHHS FLORIDA REALTY Listing Agent: Kara Wisely

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Altamonte Springs Commercial Unit

    A 4,065 square foot commercial unit is available for lease at 220 N Westmonte Drive, Altamonte Springs, FL. The unit is suitable for office, medical, or professional use. The property is located in a well-maintained building with good visibility and access. Ample on-site parking and signage opportunities are available. The interior layout is flexible. The property is positioned in Altamonte Springs, minutes from Interstate 4 and SR 436, in one of Central Florida’s active commercial corridors. The location is near major retailers, dining, Altamonte Mall, AdventHealth Altamonte, and residential communities. The area has high traffic and excellent demographics with convenient regional access.
    Location Intelligence

    Current Use by Public Records

    Advanced Vision Institute, ... Ophthalmologist Sam Omar, MD Ophthalmologist Deal Rebecca M ... Physician Dr. Ronald S. ... Physician Osama H Omar, ... Ophthalmologist

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.393867
    Latitude
    28.6661982

    Nearby Similar for Lease

    • $3,336 /Mo
      1,764 SF

      Altamonte Springs Office Suite Available

      Spacious first-floor office suite in Altamonte Springs, Florida.
      377 Maitland Ave, Altamonte Springs, FL 32701
      View Details
    • $4,500 /Mo
      3,448 SF

      Altamonte Springs Medical Suite Available

      Professional commercial space ideal for medical or administrative uses.
      220 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $5,500 /Mo
      4,065 SF

      Spacious Commercial Unit in Altamonte

      Versatile 4,065 SF unit ideal for office or medical use.
      220 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $1,800 /Mo
      760 SF

      Retail Space in Altamonte Springs

      Retail space in high-traffic location suitable for various businesses.
      1006 E Altamonte Dr, Altamonte Springs, FL 32701
      View Details
    • $16 SF/Yr
      13,300 SF

      Altamonte Springs Retail/Office/Industrial Space

      Versatile space suitable for office, retail, or light industrial use.
      124 Robin Rd, Altamonte Springs, FL 32701
      View Details
    • $4,742 /Mo
      15,520 SF

      Altamonte Springs Penthouse Office Suite

      Furnished penthouse office suite in Altamonte Springs, Florida for rent.
      234 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • Sponsored
      Contact for pricing

      FL, Altamonte Springs - Westmonte Dr

      Discover many ways to work your way in Richardson Telecom
      235 Floors, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing

      FL, Altamonte Springs - Osceola Street

      Discover many ways to work your way in Brookfield Square
      452 Osceola St, Altamonte Springs, FL 32701
      View Details
    • $15,609 /Mo

      Altamonte Springs Office Space Available

      Renovated office space for lease near I-4 and SR 436.
      901 Douglas Ave, Altamonte Springs, FL 32714
      View Details
    • $54,000

      Altamonte Springs Professional Office Space

      3,448 SF professional space for lease in Altamonte Springs.
      220 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $16,200 /Mo

      Office Space with Private Bathroom

      Office space featuring private offices and full bathroom for rent.
      415 Montgomery Rd, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing

      Functional Office/Warehouse Space Available

      Office/warehouse space in a premier, growing Orlando submarket.
      620 Douglas Ave, Altamonte Springs, FL 32714
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile 4,065 SF unit for office, medical, or professional use.
    Where is this office units located?
    The property is located at 220 N Westmonte Dr, Unit A Altamonte Springs, FL.
    What is the lease rate?
    The lease rate is $66,000.
    What are key features of this property?
    This property features: - Prime Location: Heart of Altamonte Springs, near I-4 and SR 436.; - Versatile 4,065 SF unit: Suitable for office, medical, or professional use.; - Excellent Accessibility & Visibility in a well-maintained building.
    (352) 729-1364
    Request Owner's contact information
    220 N Westmonte Dr, Unit A Altamonte Springs, FL 32714
    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.
    220 N Westmonte Dr, Unit A
    Altamonte Springs, FL 32714
    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
    220 N Westmonte Dr, Unit A Altamonte Springs, FL 32714
    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

    We can help!
    Listing Contact
    Kara Wisely
    Kara Wisely
    Real Estate License ID: 3365981
    (352) 729-1364 (352) 729-7325
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!