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    Property profile & analytics

    222 S Westmonte Dr Altamonte Springs, FL 32714

    • Office buildings
    • 61,144 SF
    • 2.83 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0393687
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 222 S Westmonte Dr

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    2.83 lot acres
    Property size
    61,144 SF
    Property type
    Office buildings
    APN
    14-21-29-508-0A00-0010
    APU
    1421295080A000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,175,000
      Market price range: $9.18M - $13.0M
      AI Estimate
      $9,175,000
      Market price range: $9.18M - $13.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $11,170,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $13,585,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $11,615,000
      Change: +4% Conversion: Moderate
      WAREHOUSE, STORAGE
      $11,170,000
      Change: -0% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $10,630,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.3939
    Latitude
    28.6595
    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
    $40,369
    $0.00
    $0.00
    $2,587,816
    -
    $997,750
    $1,590,066
    $2,587,816

    Comparable in this City

    • Value Estimation
      $4,530,000
      30,191 SF

      1180 Spg Ctr S Blvd Ste, Unit 100

      OFFICE BUILDING (MULTI-STORY) • 30,191 SF
      1180 Spg Ctr S Blvd Ste, Altamonte Springs, FL 32714-1954
      View Details
    • Value Estimation
      $7,330,000
      48,859 SF

      225 Westmonte Dr Ste, Unit 1050

      OFFICE BUILDING (MULTI-STORY) • 48,859 SF
      225 Westmonte Dr Ste, Altamonte Springs, FL 32714-4218
      View Details
    • Value Estimation
      $1,425,000
      8,022 SF

      1101 Douglas Ave

      OFFICE BUILDING • 8,022 SF
      1101 Douglas Ave, Altamonte Springs, FL 32714-2055
      View Details
    • Value Estimation by Request
      2,282 SF

      709 Douglas Ave

      OFFICE BUILDING • 2,282 SF
      709 Douglas Ave, Altamonte Springs, FL 32714-2522
      View Details
    • Value Estimation
      $615,000
      3,305 SF

      1188 Lk Vw Dr

      OFFICE BUILDING • 3,305 SF
      1188 Lk Vw Dr, Altamonte Springs, FL 32714-2713
      View Details
    • Value Estimation
      $755,000
      5,036 SF

      766 State Rd 434

      OFFICE BUILDING (MULTI-STORY) • 5,036 SF
      766 State Rd 434, Altamonte Springs, FL 32714-7232
      View Details

    Similar Nearby for Sale

    • $1,999,999
      8,445 SF

      Altamonte Springs Office Building

      Office building with open floor plan in Altamonte Springs.
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    • $3,450,000
      14,924 SF

      Upgraded Office Building For Sale

      Recently upgraded office building on 1.2 acres in Altamonte Springs.
      890 N State Road 434, Altamonte Springs, FL 32714
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    • Contact for pricing
      14,924 SF

      Altamonte Springs Office Building For Sale

      Recently upgraded office building on 1.2 acres in Altamonte Springs.
      890 N State Road 434, Altamonte Springs, FL 32714
      View Details
    • $145,000
      510 SF

      Updated Office Space in Wekiva

      Professional office space in a well-maintained complex, close to I-4.
      421 Montgomery Rd, Altamonte Springs, FL 32714
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    • $879,000
      1,995 SF

      Altamonte Springs Owner-User Building

      Prime location, versatile space, high traffic.
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      15,385 SF

      Altamonte Springs Medical Office Building

      15,385 SF Office Building, $3.5M
      801 Douglas Ave, Altamonte Springs, FL 32714
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,670 SF

      Altamonte Springs Medical/Office Building

      Office/medical building with access to major roads and amenities.
      685 Douglas Ave, Altamonte Springs, FL 32714
      View Details
    • $18 SF/Yr
      3,262 SF

      Altamonte Springs Medical/Professional Center

      Office and medical spaces available in Altamonte Springs, Florida.
      689 Douglas Ave, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      3,744 SF

      Altamonte Springs Office Space

      Stand-alone office campus available for rent immediately.
      190 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      1,400 SF

      Class-A Office Building For Rent

      Class-A office building featuring ample parking and flexible zoning.
      495 Montgomery Rd, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      3,744 SF

      Stand Alone Office Campus

      Office campus available for immediate occupancy with ample parking.
      180 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      102,000 SF

      Maitland Center Office Complex Space

      Three-building office complex in Maitland Center with 154,000 SF.
      965 Keller Rd, Altamonte Springs, FL 32714
      View Details
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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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