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Property profile & analytics
OFF-MARKET
Estimated value
$8,990,000
Outlet malls
350 Altamonte Dr Altamonte Springs, FL 32701-4402
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5170879
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1982
Construction
CONCRETE
Total area
26,085 SF
Lot
5.97 ac (260,097 SF)
APN
14-21-29-300-0030-0000
UPID
US18-5170879
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
-
Two Brothers Heating & Air Conditioning Hardware & Home Improvement Home Appliance Store
-
Hobby Lobby (Bike/Boat/Book/etc) Store
-
Claire's (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.88M
Comparable Approach
Comparable
$6.59M
Blend (final)
Blend
$8.99M
Owner & transaction history
Mdc Coast 17 LLC · 5 yrs held
Mdc Coast 17 LLC
since 2021
Last sale
$10.6M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.0M
+143.1%
Commercial (general)
$6.9M
+39.5%
Neighborhood: shopping center
$5.8M
+16.9%
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
$11,740,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,535,000
6.5%
$7,880,000
7%
$7,320,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$12,045,000
Change: +143% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,915,000
Change: +40% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,795,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$8.99M
Range $8.09M – $9.89M · ±10% · vs last sale $10.56M (Jul 12 2021)
Last sale anchor
$10.56M
Jul 12 2021
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
$345 / 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
$67,947
Tax year 2023
Assessed value
$4,169,206
Assessed 2023
Previous assessed
$4,103,283
+1.6% YoY
Effective rate
1.63%
On assessed value
Land market value
$1,825,881
Improvement market value
$2,343,325
Total market value
$4,169,206
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Total area
26,085 SF
Lot
5.97 ac (260,097 SF)
APN
14-21-29-300-0030-0000
UPID
US18-5170879
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
AUTO REPAIR, GARAGE
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1982
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Lot
5.97 ac
Current owner
From public records · entity-resolved
Mdc Coast 17 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
$10,560,521
Mdc Coast 17 LLC
Tru 2005 Re I LLC
Special Warranty Deed
—
Apr 25, 2012
$275,300
Southern Express Lubes INC
State Of Florida Department
Quit Claim Deed
related
—
Jan 25, 2006
—
Tru 2005 Re I LLC
Toys R Us-delaware INC
Warranty Deed
related
—
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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