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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Distribution centers
481 Newburyport Ave Altamonte Springs, FL 32701-3652
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2557610
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1993
Construction
CONCRETE BLOCKS
Total area
32,404 SF
Lot
1.29 ac (56,018 SF)
APN
12-21-29-5BD-0100-0090
UPID
US18-2557610
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
-
Eurofins Environment Testing - Orlando Laboratory
-
Flowers Chemical Laboratories Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
$4.58M
Blend (final)
Blend
$4.02M
Owner & transaction history
Orlando Newburyport Avenue Re INC · 4 yrs held
Orlando Newburyport Avenue Re INC
since 2022
Last sale
$3.9M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.2M
+4.0%
Office building
$6.0M
+0.8%
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
$3,925,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,665,000
6.5%
$3,380,000
7%
$3,140,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,920,000
Current use
RETAIL STORES
$6,155,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$5,970,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,635,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±10% · vs last sale $3.90M (Mar 15 2022)
Last sale anchor
$3.90M
Mar 15 2022
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
$124 / 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
$42,941
Tax year 2023
Assessed value
$2,634,860
Assessed 2023
Previous assessed
$2,295,907
+14.8% YoY
Effective rate
1.63%
On assessed value
Land market value
$378,560
Improvement market value
$2,256,300
Total market value
$2,634,860
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
1993
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Bathrooms
7
Total area
32,404 SF
Lot
1.29 ac (56,018 SF)
APN
12-21-29-5BD-0100-0090
UPID
US18-2557610
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
$5.9M
RETAIL STORES
Est. value
$6.2M
OFFICE BUILDING
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
WAREHOUSE, STORAGE Current
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
1993
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Bathrooms
7
Lot
1.29 ac
Current owner
From public records · entity-resolved
Orlando Newburyport Avenue Re INC
Entity
Free & Clear · 4 yrs held
Mailing address
2425 NEW HOLLAND PIKE, LANCASTER, PA 17601-5946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
$3,900,000
Orlando Newburyport Avenue Re INC
Spinnler Flowers Jefferson
Special Warranty Deed
—
Oct 24, 1997
$1,150,000
Jefferson S Flowers
Flowers,jefferson L
Grant Deed
related
$1,280,812 · Seller
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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