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Property profile & analytics
OFF-MARKET
Estimated value
$13,825,000
Distribution centers
351 State Rd 434th 1001 Altamonte Springs, FL 32714-3824
Individually Owned
13-yr Hold
Free & Clear
Property ID
US18-6034851
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Construction
CONCRETE BLOCKS
Total area
80,184 SF
Lot
11.31 ac (492,576 SF)
APN
16-21-29-516-0000-0010
UPID
US18-6034851
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
-
Wells Fargo Bank Bank Loan Service
-
Florida Youth Summit Charitable Organization Social Service Agency
-
Adventist Robotics Association Or Organization
-
Wells Fargo ATM Atm
-
Florida Conference of Seventh-day Adventists Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.05M
Blend (final)
Blend
$13.83M
Owner & transaction history
Florida Conference Assn · 13 yrs held
Florida Conference Assn
since 2012
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.3M
+45.1%
Neighborhood: shopping center
$17.8M
+21.6%
Retail stores
$15.2M
+4.0%
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
WAREHOUSE, STORAGE
$14,650,000
Current use
COMMERCIAL (GENERAL)
$21,255,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,815,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$15,235,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$14,650,000
Change: +0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$13,940,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$13.83M
Range $12.44M – $15.21M · ±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
$172 / 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
Assessed value
$8,089,908
Assessed 2023
Previous assessed
$7,900,589
+2.4% YoY
Land market value
$4,403,630
Improvement market value
$3,686,278
Total market value
$8,089,908
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
10
Total area
80,184 SF
Lot
11.31 ac (492,576 SF)
APN
16-21-29-516-0000-0010
UPID
US18-6034851
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
WAREHOUSE, STORAGE Current
Est. value
$14.7M
COMMERCIAL (GENERAL)
Est. value
$21.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.8M
RETAIL STORES
Est. value
$15.2M
OFFICE BUILDING
Est. value
$14.7M
INDUSTRIAL (GENERAL)
Est. value
$13.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1995
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
10
Lot
11.31 ac
Current owner
From public records · entity-resolved
Florida Conference Assn
Individual
Free & Clear · 13 yrs held
Mailing address
351 S STATE RD 434, ALTAMONTE SPG, FL 32714-3824
Ownership since
2012
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
Dec 10, 2012
$7,990,000
Florida Conference Assn
Up Fieldgate Us Investments
Grant Deed
—
Jun 25, 2012
$10,061,100
Up Fieldgate Us Invs-altamonte
Rima R & S LLC
Quit Claim Deed
related
—
May 20, 2005
$12,950,000
Rima R & S LLC
Cnl West Town Ltd
Grant Deed
—
—
—
Cnl West Town Ltd
—
Deed Of Trust
related
$978,179 · American National Insurance Co
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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