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Property profile & analytics
FOR SALE
Office Spaces
483 Montgomery Pl Altamonte Springs, FL 32714
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-0842480
For Sale
1 / 7
$1,899,999
483 Montgomery Pl, Altamonte Springs, FL 32714
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1988
Construction
CONCRETE
Total area
8,536 SF
Lot
0.19 ac (8,182 SF)
APN
15-21-29-521-0000-00G0
UPID
US18-0842480
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
-
Green Solar Solar Energy Company
-
Secured Investment Lending Bank Credit Union
-
Secured Dock Builders Construction Company General Contractor
-
Secured Roofing & Solar Roofing Company General Contractor
-
Floridian Real Estate Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.38M
Owner & transaction history
Property Trustee LLC · 8 yrs held
Property Trustee LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+45.1%
Neighborhood: shopping center
$1.9M
+21.6%
Retail stores
$1.6M
+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
OFFICE BUILDING
$1,560,000
Current use
COMMERCIAL (GENERAL)
$2,265,000
Change: +45% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,895,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$1,620,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,560,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,485,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$162 / 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
$18,993
Tax year 2023
Assessed value
$1,165,410
Assessed 2023
Previous assessed
$1,097,850
+6.2% YoY
Effective rate
1.63%
On assessed value
Improvement market value
$1,165,410
Total market value
$1,165,410
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
For Sale
Year built
1988
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
8,536 SF
Lot
0.19 ac (8,182 SF)
APN
15-21-29-521-0000-00G0
UPID
US18-0842480
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
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1988
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.19 ac
Current owner
From public records · entity-resolved
Property Trustee LLC
Trust
Mailing address
483 MONTGOMERY PL, ALTAMONTE SPG, FL 32714-3100
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2019
—
Property Trustee LLC
—
Deed
related
$1,000,000 · Vast Bank NA
Mar 15, 2018
$1,250,000
Property Trustee LLC
Montgolf LLC
Warranty Deed
—
May 11, 2015
—
Montgolf LLC
Hamilton Jeffrey J P & Gwenn G
Grant Deed
—
Jul 10, 2000
$771,000
Jeffrey J Hamilton
Golfpac INC
Grant Deed
$650,000 · First Union National Bank
Mar 22, 2000
$550,000
Golfpac INC
Gooding Trust
Grant Deed
—
—
—
Jeffrey J Hamilton
—
Deed Of Trust
related
$620,000 · Huntington National Bank
—
—
Jeffrey J Hamilton
—
Deed Of Trust
related
$750,000 · Century 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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