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    Property profile & analytics

    340 N State Road 434 Altamonte Springs, FL 32714

    • Drive through restaurants
    • 1,944 SF
    • 0.75 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3271092
    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

    • Western Union / Bank / Credit Union
    • Primo Water Refill / Big Box & Wholesale Store
    • Winn-Dixie / Grocery & Convenience Store / Food Market
    • Winn-Dixie Wine & Spirits / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Einstein Bros. Bagels / Cafe & Coffee Shop

    Property Details for 340 N State Road 434

    Year built
    1978
    Construction
    CONCRETE BLOCKS
    Lot size
    0.75 lot acres
    Property size
    1,944 SF
    Property type
    Drive through restaurants
    APN
    16-21-29-300-002Q-0000
    APU
    162129300002Q0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,370,000
      Market price range: $621k - $2.16M
      AI Estimate
      $1,370,000
      Market price range: $621k - $2.16M

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

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.4198
    Latitude
    28.6665
    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
    $10,347
    $0.00
    $0.00
    $703,378
    -
    $540,800
    $162,578
    $703,378

    Comparable in this City

    • Value Estimation
      $835,000
      752 SF

      431 State Rd 436

      DRIVE-THRU RESTAURANT, FAST FOOD • 752 SF
      431 State Rd 436, Altamonte Springs, FL 32714-4135
      View Details
    • Value Estimation
      $1,920,000
      2,720 SF

      400 State Rd 436

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,720 SF
      400 State Rd 436, Altamonte Springs, FL 32714-4136
      View Details
    • Value Estimation
      $1,490,000
      2,128 SF

      478 State Rd 434

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,128 SF
      478 State Rd 434, Altamonte Springs, FL 32714-2130
      View Details
    • Value Estimation
      $3,625,000
      3,264 SF

      875 State Rd 436

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,264 SF
      875 State Rd 436, Altamonte Springs, FL 32714-3005
      View Details
    • Value Estimation
      $3,515,000
      5,248 SF

      224 State Rd 436

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,248 SF
      224 State Rd 436, Altamonte Springs, FL 32714-4202
      View Details
    • Value Estimation
      $2,730,000
      4,062 SF

      489 State Rd 436

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,062 SF
      489 State Rd 436, Altamonte Springs, FL 32714-4103
      View Details

    Similar Nearby for Sale

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      New Construction Starbucks Investment Opportunity

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      Appliance Parts Business Opportunity

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    • $175,000

      Established Business For Sale

      Well-known appliance parts business for sale in Altamonte Springs.
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    • Contact for pricing
      24,932 SF

      Altamonte Springs Retail Opportunity

      24,932 SF retail space on 2.28-acre lot for sale.
      464 W State Road 436, Altamonte Springs, FL 32714
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    • $895,000
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      Prime Longwood Commercial Land

      High-traffic location, redevelopment potential
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    Similar Nearby for Lease

    • Contact for pricing
      49,867 SF

      SR 436 Retail Center Opportunity

      High-traffic retail space for lease.
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      4,350 SF

      Altamonte Springs Retail Opportunity

      Retail space for lease with high traffic and ample parking.
      249 W State Road 436, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing

      Restaurant Space Near I-4

      8,431 SF restaurant space with excellent visibility and signage.
      340 West State Road 436, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      1,750 SF

      Restaurant Space Available For Rent

      Second generation restaurant space available for rent.
      931 N State Road 434, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      7,103 SF

      Free Standing Restaurant Opportunity

      Restaurant space available as an out-parcel to Target and Home Depot.
      884 W State Road 436, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      7,435 SF

      Boardwalk Shoppes Retail Space Available

      Prime Altamonte Springs Retail Opportunity
      1002 State Road 436, 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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