Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    25463 Main St Altha, FL 32421

    • Banks
    • 2,376 SF
    • 1.72 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Last Sale
    May 27, 2022
    $180,000
    Value Estimations
    $215,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4409501
    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

    • Banks

    Property Details for 25463 Main St

    Year built
    2002
    Construction
    WOOD
    Lot size
    1.72 lot acres
    Property size
    2,376 SF
    Property type
    Banks
    APN
    15-2N-09-0800-0003-0901
    APU
    152N09080000030901

    Description

    This exceptional 2,376 square foot commercial building, previously a bank, is ideally situated on Highway 71 in Altha, Florida, offering high visibility and significant traffic exposure. The single-tenant property boasts a spacious layout featuring three large private offices, perfect for a variety of professional uses. A convenient break room equipped with a refrigerator, stove, and microwave is included, along with a full bathroom. Unique features include a secure vault room and three teller stations, remnants of its previous banking function, offering potential for creative repurposing. Ample parking is provided with approximately 18 spaces, including handicap-accessible spots, and a two-lane drive-through with a window adds further convenience. The building is in excellent condition and is available for lease at $2,000 per month on a 5-year triple net lease. The property's Class B designation and convenient location make it an attractive investment opportunity. The lot size is not specified. The Assessor's Parcel Number (APN) is 15-2N-09-0800-0003-0901.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $215,000
      ML approach
      $185,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $195,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Altha
    County
    Calhoun
    State
    Florida
    Longitude
    -85.1265
    Latitude
    30.5687

    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
    $2,551
    $32,530
    $135,278
    $167,808
    -
    $32,530
    $135,278
    $167,808

    Comparable in this City

    • Value Estimation
      $290,000
      3,590 SF

      Flea Market

      RETAIL STORES (PERSONAL SERVICES) • 3,590 SF
      Flea Market, Altha, FL 32421
      View Details
    • Value Estimation
      $85,000
      4,845 SF

      25278 State Rd 73

      RETAIL STORES (PERSONAL SERVICES) • 4,845 SF
      25278 State Rd 73, Altha, FL 32421-2768
      View Details
    • Value Estimation
      $295,000
      1,802 SF

      15822 Smith St

      RETAIL STORES (PERSONAL SERVICES) • 1,802 SF
      15822 Smith St, Altha, FL 32421
      View Details
    • Value Estimation
      $480,000
      17,794 SF

      25615 Main Ace Hardware Sr

      RETAIL STORES (PERSONAL SERVICES) • 17,794 SF
      25615 Main Ace Hardware Sr, Altha, FL 32421
      View Details
    • Value Estimation
      $360,000
      11,386 SF

      25868 Sr 71st Smiths Groc

      GROCERY, SUPERMARKET • 11,386 SF
      25868 Sr 71st Smiths Groc, Altha, FL 32421
      View Details
    • Value Estimation
      $95,000
      3,064 SF

      15567 Chipola St

      RETAIL STORES (PERSONAL SERVICES) • 3,064 SF
      15567 Chipola St, Altha, FL 32421-3231
      View Details

    Similar Nearby for Sale

    • $8,000,000
      12.00 Acres

      Farm Supply Store on 12 Acres

      Established farm supply business with warehouse and repair services.
      25860 NW Sr 73, Altha, FL 32421
      View Details
    • $85,000
      20.00 Acres

      20 Acres Vacant Land Altha

      20 acres of vacant land, ideal for homesteading or hunting.
      NW Miller Rd, Altha, FL 32421
      View Details
    • $149,000

      Land with Two Ponds

      Land featuring two ponds, planted pines, and paved road access.
      000 NW Camp Head Rd, Altha, FL 32421
      View Details
    • $310,000

      Heavily Wooded Recreational Land Retreat

      64-acre Northwest Florida retreat with creeks and improvements.
      NW County Road 274, Altha, FL 32421
      View Details
    • $30,000
      1.00 Acre

      Acre Land in Altha, FL

      One acre of land with potential for two homesites.
      25387 Fuqua Cir, Altha, FL 32421
      View Details
    • Contact for pricing
      0.77 Acres

      Residential Lots in Lake Center

      Unimproved residential lots in Altha, Florida's Lake Center Park.
      NW Ctr Lk Rd, Altha, FL 32421
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    25463 Main St
    Altha, FL 32421
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.