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    Altamonte Springs Office Building For Sale Title is generated by Realmo AI

    890 N STATE ROAD 434, Altamonte Springs, FL 32714

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    For Sale
    $3,450,000

    Recently upgraded office building on 1.2 acres in Altamonte Springs.

    Type:Commercial
    Property size:
    14,924 SF
    Lot size:
    1.20 Acres
    Price / SF:
    $231/SF
    Added:
    Feb 3, 2026
    Days on Market:
    122
    Last Refresh:
    Apr 5 at 8:22 pm

    Property Features for 890 N STATE ROAD 434

    General Information

    Standard status
    Active
    Size
    14,924 SF
    Lot size
    1.20 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    RYAN ROGERS
    RYAN ROGERS

    Listing agent RYAN ROGERS License #3143732

    Listing office REAL BROKER, LLC

    Listing date Feb 3, 2026

    Source Corcoran

    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 REAL BROKER, LLC

    HighLights

    • Recently upgraded with remodeled interiors, new roof membrane with warranty, and new rooftop HVAC units.
    • Compelling owner‑user opportunity to occupy the entire building or a portion while retaining an existing tenant for immediate income (50%-65% occupancy).
    • Located on a ±1.2 acre lot along a primary commercial corridor in Altamonte Springs.
    • Strong visibility and high traffic exposure.
    • Convenient access to SR 436 and Interstate 4.
    • Features flexible office layouts, conference rooms, common areas, break rooms, elevator service, and secure card‑gated entry.

    Overview

    The property at 890 N State Road 434 is a commercial office building with approximately 14,924 square feet of space on approximately 1.2 acres. Situated along one of Altamonte Springs’ primary commercial corridors, the two-story building features flexible office layouts, conference rooms, common areas, and break rooms. It also includes elevator service and secure card-gated entry, along with executive second-floor corner offices with private baths. Recent capital improvements include remodeled interiors, a new roof membrane with warranty, and new rooftop HVAC units. The property offers an opportunity for an owner-user to occupy the entire building or a portion of it while retaining an existing tenant covering approximately 50%–65% of the space for immediate income. With strong visibility, high traffic exposure, and convenient access to SR 436 and Interstate 4, the location is within one of Orlando’s strongest regional office and retail markets. This market is further enhanced by the planned Altamonte Town Center, making the property ideally suited for professional and service-oriented users.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $358.2k $24.00
    − Vacancy −$60.9k −$4.08
    EGI $297.3k $19.92
    − OpEx −$74.3k −$4.98
    NOI $223.0k $14.94
    14,924 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.19M
    $2.79M – $3.72M (±1% cap)
    NOI $222,965 @ 7.0% cap · market cap 6.46%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.25M
    $3.72M – $4.95M (±1% cap)
    NOI $297,286 @ 7.0% cap · market cap 8.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    National Environmental Training ... Training Center David Graham Insurance ... Law Firm Restoration Association of Florida Charitable Organization EDC Services Group Construction Company Disaster Management Recovery ... Hardware & Home Improvement

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.4191
    Latitude
    28.679

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    FAQs

    What type of property is this?
    Office building - Recently upgraded office building on 1.2 acres in Altamonte Springs.
    Where is this office building located?
    The property is located at 890 N STATE ROAD 434 Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: Recently upgraded with remodeled interiors, new roof membrane with warranty, and new rooftop HVAC units.; Compelling owner‑user opportunity to occupy the entire building or a portion while retaining an existing tenant for immediate income (50%-65% occupancy).; Located on a ±1.2 acre lot along a primary commercial corridor in Altamonte Springs.
    (855) 450-0442
    We can help!
    Listing Contact
    RYAN ROGERS
    RYAN ROGERS
    Real Estate License ID: 3143732
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    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.

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