Back to Search
Property profile & analytics
FOR LEASE
Strip malls
249 W State Road 436 1033 Altamonte Springs, FL 32714
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-6339285
For Lease
1 / 22
$25 SF/Yr
249 W State Road 436,Unit 1033, Altamonte Springs, FL 32714
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
CONCRETE BLOCKS
Total area
35,037 SF
Lot
6.13 ac (266,849 SF)
APN
14-21-29-519-0000-0010
UPID
US18-6339285
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
$10.21M
Blend (final)
Blend
$10.21M
Owner & transaction history
Swnc-altamonte Idc LLC · 7 yrs held
Swnc-altamonte Idc LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.2M
+107.9%
Commercial (general)
$9.3M
+19.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,785,000
Current use
AUTO REPAIR, GARAGE
$16,180,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,285,000
Change: +19% · Conversion: Easy
RETAIL STORES
$6,655,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$6,400,000
Change: -18% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,400,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$10.21M
Range $9.19M – $11.23M · ±10%
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
$291 / 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
$114,579
Tax year 2023
Assessed value
$7,030,527
Assessed 2023
Previous assessed
$6,648,388
+5.7% YoY
Effective rate
1.63%
On assessed value
Land market value
$4,742,209
Improvement market value
$2,288,318
Total market value
$7,030,527
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1980
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
14
Total area
35,037 SF
Lot
6.13 ac (266,849 SF)
APN
14-21-29-519-0000-0010
UPID
US18-6339285
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$16.2M
COMMERCIAL (GENERAL)
Est. value
$9.3M
RETAIL STORES
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1980
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
14
Lot
6.13 ac
Current owner
From public records · entity-resolved
Swnc-altamonte Idc LLC
Entity
Mailing address
1616 2ND AVE S STE #100, BIRMINGHAM, AL 35233-1713
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2019
$8,000,000
Swnc-altamonte Idc LLC
Pwreo Palm Bay Commons LLC
Grant Deed
$4,800,000 · Miscellaneous Ins Co
May 15, 2013
$2,900,000
Pwreo Palm Bay Commons LLC
Jefferson-pilot Invs INC
Grant Deed
—
Jun 21, 2011
—
Jefferson-pilot Invs INC
Village Shoppes Assocs Coc
Trustees Deed
related
—
—
—
Village Shoppes Associates Ltd
—
Deed Of Trust
related
$4,200,000 · Lincoln National Life Ins
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?”
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.
