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    Property profile & analytics

    850 Altamonte Dr Altamonte Springs, FL 32701

    • Office buildings
    • 101,264 SF
    • 8.77 lot acres
    For Sale
    View listing
    $15,690,000
    Value Estimation
    Last Sale
    Sep 19, 2022
    $21,100,000
    Location Intelligence
    Property ID
    US18-3930003
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Intouch CX - Orlando / Bpo Company

    Property Details for 850 Altamonte Dr

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    8.77 lot acres
    Property size
    101,264 SF
    Property type
    Office buildings
    APN
    12-21-29-5BE-0000-4350
    APU
    1221295BE00004350

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $21,240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $21,415,000
      6.5%
      $18,835,000
      7%
      $20,695,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $21,865,000
      Geo Method
      $19,115,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $24,630,000
      Retail
      $21,095,000
      Mixed-Use
      $21,775,000
      Hospitality
      $22,800,000
      Educational
      $19,005,000
      Residential Income
      $24,565,000
      Energy
      $21,040,000
      Income-Based Land
      $20,385,000
      Food Service
      $24,765,000

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.3609
    Latitude
    28.6621
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $258,218
    $0.00
    $0.00
    $15,844,240
    -
    $3,831,207
    $12,013,033
    $15,844,240

    Comparable in this City

    • Value Estimation by Request
      37,592 SF

      701 Altamonte Dr, Unit 1000

      OFFICE BUILDING (MULTI-STORY) • 37,592 SF
      701 Altamonte Dr, Altamonte Springs, FL 32701-4804
      View Details
    • Value Estimation by Request
      1,883 SF

      1355 Altamonte Dr

      OFFICE BUILDING • 1,883 SF
      1355 Altamonte Dr, Altamonte Springs, FL 32701-5011
      View Details
    • Value Estimation by Request
      21,586 SF

      894 Altamonte Dr, Unit 1100

      PROFESSIONAL BUILDING • 21,586 SF
      894 Altamonte Dr, Altamonte Springs, FL 32701-5002
      View Details
    • Value Estimation by Request
      2,072 SF

      300 Maitland Ave

      OFFICE BUILDING • 2,072 SF
      300 Maitland Ave, Altamonte Springs, FL 32701-5417
      View Details
    • Value Estimation by Request
      4,601 SF

      707 Ballard St Ste, Unit 1000

      PROFESSIONAL BUILDING • 4,601 SF
      707 Ballard St Ste, Altamonte Springs, FL 32701-5426
      View Details
    • Value Estimation by Request
      7,320 SF

      260 Maitland Ave Ste, Unit 1000

      OFFICE BUILDING (MULTI-STORY) • 7,320 SF
      260 Maitland Ave Ste, Altamonte Springs, FL 32701-5510
      View Details

    Similar Nearby for Sale

    • $15,690,000
      98,204 SF

      Altamonte Springs Single-Tenant Office Building

      Seven-story office building 100% occupied by IntouchCX on NNN lease.
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      View Details
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      Altamonte Springs Professional Office Building

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      Class A medical/retail/office center in Altamonte Springs, Florida.
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      Altamonte Springs Medical Office

      Single-tenant, NNN lease, high NOI.
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    • $15,690,000
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      Altamonte Springs Office Building

      100% occupied, high-return office investment.
      850 Altamonte Dr, Altamonte Springs, FL 32701
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      Medical Office in Altamonte Springs

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      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      26,118 SF

      Altamonte Springs Office Space Available

      Office suites with flexible layouts, convenient location, and recent improvements.
      Altamonte Springs, FL 32701
      View Details
    • Contact for pricing
      126,446 SF

      Palm Springs Center: Medical Office Space

      Altamonte Springs medical office suites available.
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      View Details
    • $15 SF/Yr
      270,556 SF

      Altamonte Springs Flex Space Available

      Modern Flex/Warehouse Space in Prime Location
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    • $23 SF/Yr
      36,783 SF

      Altamonte Springs Office Suites

      Prime Office Space, 7 Suites Available
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      View Details
    • $22 SF/Yr
      3,915 SF

      Altamonte Springs Office/Warehouse Space

      Office and warehouse space available for lease in Altamonte Springs.
      474 Northlake Blvd, Altamonte Springs, FL 32701
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    • $20 SF/Yr
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      Altamonte Springs Office Suites

      Lakefront Office Space, Prime Location
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      View Details
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    850 Altamonte Dr
    Altamonte Springs, FL 32701
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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
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