Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Retail space
1159 Altamonte Dr 1107 Altamonte Springs, FL 32701-5033
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3463524
Property summary
AI-generated overview
This Altamonte Springs, FL commercial property, located at 1159 E Altamonte Dr, 32701, offers 7,900 square feet of versatile office space across two single-story buildings. Built in 2001 and renovated in 2023, the property features 11 suites, ranging from 426 to 1,385 contiguous square feet, perfect for multiple tenants or a single large occupant. The property sits on 0.79 acres and boasts 33 parking spaces, providing ample convenience for employees and clients. Enjoy exceptional visibility with high daily traffic counts on Altamonte Drive, and benefit from convenient access to Interstate 4 (just over 2 miles away), Orlando Sanford Airport (13 miles), and Orlando International Airport (30-minute drive). The property's strategic location is directly across from high-traffic retail complexes and only 1.6 miles from Altamonte Mall. Utilities are provided by Duke Energy. The property is zoned Commercial MOC-2 and has a Property Appraiser Number (APN) of 18-21-30-528-0000-0010. Taxes are $1.93 per square foot. Monument signage is available. This is an exceptional opportunity for businesses seeking a high-visibility location with excellent accessibility.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
CONCRETE BLOCKS
Total area
7,900 SF
Lot
0.79 ac (34,412 SF)
APN
18-21-30-528-0000-0010
UPID
US18-3463524
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.57M
Owner & transaction history
Anderson Place Construction LLC · 1 yrs held
Anderson Place Construction LLC
since 2025
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+39.5%
Neighborhood: shopping center
$1.8M
+16.9%
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
$1,100,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,500,000
Current use
COMMERCIAL (GENERAL)
$2,095,000
Change: +40% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,755,000
Change: +17% · Conversion: Moderate
OFFICE BUILDING
$1,455,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,445,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,375,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.65M (Mar 12 2025)
Last sale anchor
$1.65M
Mar 12 2025
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
$198 / 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
$15,219
Tax year 2023
Assessed value
$933,850
Assessed 2023
Previous assessed
$915,110
+2.0% YoY
Effective rate
1.63%
On assessed value
Land market value
$483,144
Improvement market value
$450,706
Total market value
$933,850
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
2001
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
8
Total area
7,900 SF
Lot
0.79 ac (34,412 SF)
APN
18-21-30-528-0000-0010
UPID
US18-3463524
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
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (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
2001
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
8
Lot
0.79 ac
Current owner
From public records · entity-resolved
Anderson Place Construction LLC
Entity
Mailing address
6220 S ORANGE BLOSSOM TRL STE #604, ORLANDO, FL 32809-4688
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$1,650,000
Anderson Place Construction LLC
Rowly LLC
Warranty Deed
$1,320,000 · Seacoast National Bank
Aug 5, 2011
$800,000
Rowly LLC
Lk Family LP Lllp
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1159 Altamonte Dr, Unit 1107?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
