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    850 Altamonte Dr Altamonte Springs, FL 32701

    Sponsored
    For Sale
    $15,690,000

    100% occupied, high-return office investment.

    Property size:
    98,204 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional seven-story office building, totaling 98,204 square feet, presents a compelling investment opportunity. Located at 850 E Altamonte Dr, Altamonte Springs, FL 32701, this property boasts a prime location on an 8.79-acre site, offering excellent visibility and accessibility between major highways and within walking distance of the SunRail commuter train station. The building, constructed in 1976 and extensively renovated in 2016 and 2017, is currently 100% occupied by IntouchCX Inc., a global contact management leader with a capacity for 1,000 employees at this location. The property benefits from a triple-net (NNN) lease, providing investors with a hands-off, stable cash flow. The asking price is $15,690,000, representing a compelling $160 per square foot and an attractive 11.00% cap rate. Situated in the heart of Altamonte Springs, near City Hall, the property is surrounded by restaurants, apartments, and residential areas. The MOR-2 (Mixed Office Residential) zoning offers potential for future development and densification. This investment provides a significant opportunity for stable income and long-term growth potential. The property's APN is 12-21-29-5BE-0000-4350.

    Property Features for 850 Altamonte Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    98,204 SF
    Lot Size
    382,892 SF

    HighLights

    • Seven‑story, 98,204 SF office building in Altamonte Springs, FL, on an 8.79‑acre site.
    • 100% occupied by IntouchCX Inc. under a triple‑net (NNN) lease.
    • Prime location with excellent visibility and accessibility near major highways and SunRail.
    • $15,690,000 asking price, representing a $160/SF price and an 11.00% cap rate.
    • Extensive renovations completed in 2016 and 2017.
    Property Profile Location Intelligence

    Current Use by Public Records

    Intouch CX - Orlando Bpo Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -81.36119714
    Latitude
    28.66251208

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    FAQs

    What type of property is this?
    Office Property / Space - 100% occupied, high-return office investment.
    Where is this office property / space located?
    The property is located at 850 Altamonte Dr Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $15,690,000.
    What are key features of this property?
    This property features: Seven-story, 98,204 SF office building in Altamonte Springs, FL, on an 8.79-acre site.; 100% occupied by IntouchCX Inc. under a triple-net (NNN) lease.; Prime location with excellent visibility and accessibility near major highways and SunRail.
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    Realmo Value Estimation

    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.

    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.

    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
    850 Altamonte Dr Altamonte Springs, FL 32701
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