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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Office buildings
402 Lk Howell Rd Maitland, FL 32751-5907
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2002696
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1987
Construction
CONCRETE BLOCKS
Total area
4,232 SF
Lot
0.6 ac (26,271 SF)
APN
28-21-30-509-0000-0010
UPID
US18-2002696
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
-
Ms. Melanie Serafine Physician
-
Judithe Paulius, DO Pediatrician Physician
-
Maitland Family Practice Medical Clinic
-
AdventHealth Medical Group Family Medicine at Maitland Medical Clinic
-
James Louttit Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.65M
Owner & transaction history
Jackson Rutledge Road LLC · 2 yrs held
Jackson Rutledge Road LLC
since 2024
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+69.6%
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 Maitland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maitland 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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,150,000
Current use
AUTO REPAIR, GARAGE
$1,955,000
Change: +70% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,120,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (May 15 2024)
Last sale anchor
$1.65M
May 15 2024
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
$390 / 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
$12,762
Tax year 2023
Assessed value
$753,030
Assessed 2023
Previous assessed
$753,030
+0.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$321,820
Improvement market value
$431,210
Total market value
$753,030
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1987
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
4,232 SF
Lot
0.6 ac (26,271 SF)
APN
28-21-30-509-0000-0010
UPID
US18-2002696
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
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (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
1987
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Jackson Rutledge Road LLC
Entity
Mailing address
3 WALDEN RDG DR STE #300, ASHEVILLE, NC 28803-6602
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
Jackson Rutledge Road LLC
—
Deed
related
$680,000 · First National Bank Of Pennsylvania
May 15, 2024
—
Jackson Rutledge Road LLC
Abl Lanstar LLC
Assignment Of Lease (leasehold Sale)
$672,000 · Vystar Cu
May 15, 2024
$1,650,000
Jackson Rutledge Road LLC
Abl Landstar LLC
Special Warranty Deed
—
Jun 27, 2022
$2,100,000
Abl Landstar LLC
Eg Walsh Properties IV LLC
Special Warranty Deed
$1,446,600 · Seacoast National Bank
Dec 20, 2021
$1,220,000
Walsh Properties IV LLC
Deju Enterprises LLC
Special Warranty Deed
—
Jan 4, 2010
$950,000
Deju Ents LLC
Louttit,jane H
Grant Deed
related
$753,750 · Commerce National 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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