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Property profile & analytics
FOR LEASE
Community centers

1074 Montgomery Rd 1042-1046 Altamonte Springs, FL 32714

46,321 SF 5.51 ac lot Built 1979
Entity Owned Absentee Owner Free & Clear
Property ID
US18-4460059
Property summary
AI-generated overview

This exceptional 59,431 square foot neighborhood center, built in 1979 and renovated in 1999, presents a prime retail opportunity in Altamonte Springs, Florida. Situated on a substantial 239,979 square foot lot at the intersection of Montgomery Road and SR 434, with convenient access to I-4, this single-story property boasts a high daily traffic count of 26,500 vehicles. The center is currently anchored by established tenants including La Fitness/Esporta, CVS, Kekes Restaurant, and Wells Fargo, ensuring a strong existing customer base. The property's CG - Commercial General zoning allows for a variety of retail uses. One immediately available space of 1,184 square feet is currently offered, with an estimated monthly rent of $2,718 (base rent plus estimated CAM of $7.55 per square foot) plus applicable sales tax. The center's location directly across from a Publix shopping center and within a densely populated residential area with excellent demographics guarantees high visibility and foot traffic. This property offers a unique opportunity to establish a thriving business in a vibrant and established retail environment. The Seminole County property (APN: 03-21-29-300-010B-0000) is ready for immediate occupancy. Contact us for details on available spaces and supplemental tenant information.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1979
Construction CONCRETE BLOCKS
Total area 46,321 SF
Lot 5.51 ac (239,972 SF)
APN 03-21-29-300-010B-0000
UPID US18-4460059
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • La fitness plaza Shopping Center & Mall
  • Gooding's Supermarket Grocery & Convenience Store Food Market
  • LA Fitness Gym & Fitness Center
  • Amazon Hub Locker - Netbook Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.65M
Blend (final) Blend
$8.65M
Owner & transaction history
ALTAMONTE/SSG INC
ALTAMONTE/SSG INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $12.3M +19.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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