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Property profile & analytics
OFF-MARKET Estimated value $4,330,000
Office buildings

177 Montgomery Rd Altamonte Springs, FL 32714-3129

24,860 SF 2.08 ac lot Built 1982
Individually Owned 19-yr Hold Free & Clear
Property ID
US18-7795246
Property summary
AI-generated overview

This exceptional Class A medical office building, totaling 24,000 square feet, presents a unique investment opportunity in Altamonte Springs, Florida. Constructed in 2009 and renovated in 2010, the property boasts a newly refreshed exterior (2024) and roof, ensuring long-term value. The three-story building, situated on a 67,139 square foot lot, offers ample parking with 116 spaces. Its versatile design, featuring individual floor adaptability, makes it ideal for various uses, including medical practices, schools, or general office space. Each floor includes private offices, labs, larger meeting rooms (suitable for classrooms), ADA-compliant restrooms, and break areas. The building incorporates modern amenities such as sensor-activated LED lighting. Conveniently located off SR 434 and SR 436, with easy access to I-4 and public transportation (bus line), this property enjoys a highly desirable central location. The existing furniture, fixtures, and equipment (FF&E) are negotiable. An adjacent 6,000 square foot building is also available for purchase. The property is zoned PO (Permitted Office) and is offered fee simple. This is a turnkey opportunity for an owner/user seeking a state-of-the-art facility. The property's features include a 4.83 parking ratio per 1,000 square feet.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1982
Construction CONCRETE BLOCKS
Total area 24,860 SF
Lot 2.08 ac (90,692 SF)
APN 15-21-29-537-0000-0010
UPID US18-7795246
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
  • City College Altamonte Springs (Orlando) Private College College
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.33M
Blend (final) Blend
$4.33M
Owner & transaction history
Montgomery Executive Ctr Assn · 19 yrs held
Montgomery Executive Ctr Assn
since 2007
3 recorded transactions
2007
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.6M +45.1%
Neighborhood: shopping center $5.5M +21.6%
Retail stores $4.7M +4.0%
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