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Property profile & analytics
OFF-MARKET
Estimated value
$28,405,000
Community centers
340 State Rd 434 Altamonte Springs, FL 32714-3861
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6163487
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Construction
CONCRETE BLOCKS
Total area
149,257 SF
Lot
15.27 ac (665,074 SF)
APN
16-21-29-517-0000-0020
UPID
US18-6163487
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.41M
Blend (final)
Blend
$28.41M
Owner & transaction history
West Town Fee Owner LLC · 2 yrs held
West Town Fee Owner LLC
since 2023
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$39.6M
+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
$33,160,000
Current use
COMMERCIAL (GENERAL)
$39,565,000
Change: +19% · Conversion: Easy
RETAIL STORES
$28,360,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$27,270,000
Change: -18% · Conversion: Moderate
WAREHOUSE, STORAGE
$27,265,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$28.41M
Range $25.56M – $31.25M · ±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
$190 / 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
$318,706
Tax year 2023
Assessed value
$19,555,730
Assessed 2023
Previous assessed
$20,678,706
-5.4% YoY
Effective rate
1.63%
On assessed value
Land market value
$5,945,762
Improvement market value
$13,609,968
Total market value
$19,555,730
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1993
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
28
Total area
149,257 SF
Lot
15.27 ac (665,074 SF)
APN
16-21-29-517-0000-0020
UPID
US18-6163487
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
$33.2M
COMMERCIAL (GENERAL)
Est. value
$39.6M
RETAIL STORES
Est. value
$28.4M
OFFICE BUILDING
Est. value
$27.3M
WAREHOUSE, STORAGE
Est. value
$27.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1993
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
28
Lot
15.27 ac
Current owner
From public records · entity-resolved
West Town Fee Owner LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2023
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
Nov 13, 2023
—
West Town Fee Owner LLC
Cc Altamonte Joint Venture
Quit Claim Deed
related
—
Jul 14, 1998
$1,743,800
Romacorp Operating Co Ltd
Romacorp INC
Grant Deed
related
$8,242,500 · Provident Savings Bank
—
—
Charles E Bradshaw JR.
—
Deed Of Trust
related
$400,000 · Orange Bank
—
—
Charles E Bradshaw JR.
—
Deed Of Trust
related
$1,500,000 · Orange Bank
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.
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