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    1002 W State Road 436 Altamonte Springs, FL 32714
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    1002 W State Road 436 Altamonte Springs, FL 32714

    View on Map
    • Turn key restaurants
    • 6,688 SF
    • 8.79 lot acres
    For Lease
    $7,425,000
    View Listing →
    Retail Space in Boardwalk Shoppes For Lease
    $7,425,000

    Retail Space in Boardwalk Shoppes

    Retail space available in a high-traffic Altamonte Springs location.

    1002 W State Rd 436, Altamonte Springs, FL 32714
    View Listing
    Property ID
    US18-6839486
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1002 W State Road 436

    Year built
    1988
    Construction
    WOOD FRAME
    Lot size
    8.79 lot acres
    Property size
    6,688 SF
    Property type
    Turn key restaurants
    APN
    16-21-29-501-0000-0250
    APU
    16212950100000250

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,424,000
      Market price range: $2.14M - $7.42M
      AI Estimate
      $7,424,000
      Market price range: $2.14M - $7.42M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.4246
    Latitude
    28.6645
    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
    $78,740
    $0.00
    $0.00
    $4,831,477
    -
    $1,490,223
    $3,341,254
    $4,831,477

    Comparable in this City

    • Value Estimation
      $3,585,000
      8,429 SF

      474 State Rd 436

      RESTAURANT • 8,429 SF
      474 State Rd 436, Altamonte Springs, FL 32714-4147
      View Details
    • Value Estimation
      $2,605,000
      3,476 SF

      430 Wymore Rd

      RESTAURANT • 3,476 SF
      430 Wymore Rd, Altamonte Springs, FL 32714-6051
      View Details
    • Value Estimation by Request
      3,932 SF

      1003 State Rd 434

      RESTAURANT • 3,932 SF
      1003 State Rd 434, Altamonte Springs, FL 32714-7038
      View Details
    • Value Estimation
      $3,300,000
      8,200 SF

      541 State Rd 436

      RESTAURANT • 8,200 SF
      541 State Rd 436, Altamonte Springs, FL 32714-4019
      View Details
    • Value Estimation
      $2,595,000
      6,598 SF

      275 State Rd 436

      RESTAURANT • 6,598 SF
      275 State Rd 436, Altamonte Springs, FL 32714-4201
      View Details
    • Value Estimation
      $4,020,000
      11,321 SF

      897 Town Pkwy

      RESTAURANT • 11,321 SF
      897 Town Pkwy, Altamonte Springs, FL 32714-3935
      View Details

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      New Construction Starbucks Investment Opportunity

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      Freestanding Restaurant Building For Sale

      Freestanding restaurant building in a dynamic retail intersection.
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      3,808 SF

      New Construction Starbucks Investment Opportunity

      New 15-year corporate guaranteed lease in high-growth area.
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      Prime Commercial Land Opportunity

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    Similar Nearby for Lease

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      Restaurant Space in Retail Corridor

      Flagship restaurant location in a high-traffic retail hub.
      884 W State Road 436, Altamonte Springs, FL 32714
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      7,103 SF

      Free Standing Restaurant Opportunity

      Restaurant space available as an out-parcel to Target and Home Depot.
      884 W State Road 436, Altamonte Springs, FL 32714
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      1,750 SF

      Restaurant Space Available For Rent

      Second generation restaurant space available for rent.
      931 N State Road 434, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      2,209 SF

      Restaurant and Retail Space Available

      Retail and restaurant space available in Altamonte Springs, FL.
      1076 W State Road 436, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      4,350 SF

      Altamonte Springs Retail Opportunity

      Retail space for lease with high traffic and ample parking.
      249 W State Road 436, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing

      Restaurant Space Near I-4

      8,431 SF restaurant space with excellent visibility and signage.
      340 West State Road 436, Altamonte Springs, FL 32714
      View Details
    View Listing
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    Altamonte Springs, FL 32714
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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.

    More about this property
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