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Property profile & analytics
FOR LEASE
Strip malls
429 W State Road 436 Altamonte Springs, FL 32714
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-6994119
For Lease
1 / 8
$5,675,000
429 W State Road 436, Altamonte Springs, FL 32714
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
22,229 SF
Lot
1.92 ac (83,766 SF)
APN
15-21-29-300-0090-0000
UPID
US18-6994119
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
-
Japanese Spa | Asian Massage Altamonte Alternative Medicine Practice Spa & Massage Center
-
Area 51 Smoke Shop Altamonte Springs Florida Clothing Store Camping Store
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Re-Bath Renovation Specialist General Contractor
-
Little Caesars Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.80M
Blend (final)
Blend
$5.68M
Owner & transaction history
Csim Cal Saxon Shops LLC
Csim Cal Saxon Shops LLC
since 2026
Last sale
$6.6M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+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
$4,940,000
Current use
COMMERCIAL (GENERAL)
$5,890,000
Change: +19% · Conversion: Easy
RETAIL STORES
$4,225,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$4,060,000
Change: -18% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,060,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.68M
Range $5.11M – $6.24M · ±10% · vs last sale $6.55M (Jan 22 2026)
Last sale anchor
$6.55M
Jan 22 2026
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
$255 / 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
$53,799
Tax year 2023
Assessed value
$3,301,125
Assessed 2023
Previous assessed
$3,231,870
+2.1% YoY
Effective rate
1.63%
On assessed value
Land market value
$1,503,067
Improvement market value
$1,798,058
Total market value
$3,301,125
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1988
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Total area
22,229 SF
Lot
1.92 ac (83,766 SF)
APN
15-21-29-300-0090-0000
UPID
US18-6994119
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
$4.9M
COMMERCIAL (GENERAL)
Est. value
$5.9M
RETAIL STORES
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$4.1M
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
1988
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Lot
1.92 ac
Current owner
From public records · entity-resolved
Csim Cal Saxon Shops LLC
Entity
Mailing address
540 N STATE RD 434TH STE #530, ALTAMONTE SPG, FL 32714-2134
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 22, 2026
$6,550,000
Csim Cal Saxon Shops LLC
Altamonte Promenade Associates LLC
Special Warranty Deed
—
May 17, 2022
—
Altamonte Promenade Associates LLC
—
Deed
related
$1,902,000 · Seacoast National Bank
—
—
Altamonte Promenade Assocs LLC
—
Deed Of Trust
related
$2,100,000 · Readycap Com'l
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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