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Property profile & analytics
OFF-MARKET
Estimated value
$5,455,000
Retail space
113 Maitland Ave Altamonte Springs, FL 32701-4901
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0656001
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
CONCRETE BLOCKS
Total area
14,342 SF
Lot
1.33 ac (57,935 SF)
APN
12-21-29-5BE-0000-00A4
UPID
US19-0656001
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
-
William E. Hughes, PharmD Pharmacy
-
Cardtronics ATM. Atm
-
FedEx OnSite Postal Service Courier Service
-
Western Union Bank Credit Union
-
Walgreens Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.46M
Owner & transaction history
113 Maitland Avenue LLC · 3 yrs held
113 Maitland Avenue LLC
since 2023
Last sale
$7.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+143.1%
Commercial (general)
$3.8M
+39.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Altamonte Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Altamonte Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,465,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,695,000
6.5%
$4,335,000
7%
$4,025,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,625,000
Change: +143% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,800,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$5.46M
Range $4.91M – $6.00M · ±10% · vs last sale $7.36M (Apr 4 2023)
Last sale anchor
$7.36M
Apr 4 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$380 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,059
Tax year 2023
Assessed value
$1,967,135
Assessed 2023
Previous assessed
$1,924,221
+2.2% YoY
Effective rate
1.63%
On assessed value
Land market value
$1,022,553
Improvement market value
$944,582
Total market value
$1,967,135
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
4
Total area
14,342 SF
Lot
1.33 ac (57,935 SF)
APN
12-21-29-5BE-0000-00A4
UPID
US19-0656001
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$3.8M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
4
Lot
1.33 ac
Current owner
From public records · entity-resolved
113 Maitland Avenue LLC
Entity
Mailing address
7901 4TH ST N STE #300, ST PETERSBURG, FL 33702-4399
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
113 Maitland Avenue LLC
Altamonte Springs Drug Store Holdin
Quit Claim Deed
related
$4,500,000 · First Citizens Bank & Trust Co
Apr 4, 2023
$7,360,500
113 Maitland Avenue LLC
Altamonte Springs Drug Store Holdin
Special Warranty Deed
$4,500,000 · First Citizens Bank & Trust Co
Oct 9, 2013
$914,100
Altamonte Springs Drug Store
Walter Rosenstock Fl Trust
Warranty Deed
—
Mar 1, 2001
$118,700
Jung O Kang
Kang,jung O
Quit Claim Deed
related
—
—
—
Jung O Kang
—
Deed Of Trust
related
$251,000 · Amsouth Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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