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    232 Westmonte Dr Altamonte Springs, FL 32714

    Sponsored
    For Sale
    $400,000

    1.66 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.66-acre commercial land parcel in Altamonte Springs, Florida, presents a compelling investment opportunity. Located at 232 N Westmonte Dr, 32714, this property is zoned for commercial use and boasts significant potential. The site is platted but unimproved, encompassing Office Condo Units 1 & 2 in Building 2 (adjacent to an existing developed building). Utilities are conveniently located on-site. Entitlements exist to construct a minimum of 10,506 square feet, with the possibility of a larger building through site planning and the inclusion of underground storage. The property benefits from prominent monument signage opportunities. This offering represents a significant value proposition, priced below market value and close to the original 2007 purchase price. Seller financing is available for qualified buyers. The recent Department of Transportation road reconfiguration has created advantageous new traffic patterns, significantly increasing visibility and accessibility for this property. Its strategic location provides easy access to major thoroughfares including I-4, SR 436, and SR 434, and proximity to numerous restaurants. This is an exceptional opportunity to capitalize on a prime location and favorable market conditions.

    Property Features for 232 Westmonte Dr

    General Information

    Property type
    Land
    Lot Size
    72,310 SF

    HighLights

    • $400,000 asking price for 1.66 acres of commercial land.
    • Platted, unimproved commercial land, zoned for office condos.
    • Entitlements for a minimum 10,506 sq ft building; potential for larger development.
    • Priced below market value.
    • Owner financing available for qualified buyers.
    • High traffic volume due to recent DOT road improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.394144
    Latitude
    28.667107

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    FAQs

    What type of property is this?
    Land - 1.66 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 232 Westmonte Dr Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price for 1.66 acres of commercial land.; Platted, unimproved commercial land, zoned for office condos.; Entitlements for a minimum 10,506 sq ft building; potential for larger development.
    Request Owner's contact information
    232 Westmonte Dr Altamonte Springs, FL 32714
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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
    232 Westmonte Dr Altamonte Springs, FL 32714
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