Back to Search
Property profile & analytics
FOR LEASE
Office buildings
499 E Central Pkwy Altamonte Springs, FL 32701
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-2841172
For Lease
1 / 26
Contact for pricing
499 E Central Pkwy, Altamonte Springs, FL 32701
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1981
Construction
CONCRETE BLOCKS
Total area
22,032 SF
Lot
2.07 ac (90,169 SF)
APN
12-21-29-512-0000-0010
UPID
US18-2841172
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.40M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$4.06M
Owner & transaction history
Atrium Professional Property LLC · 6 yrs held
Atrium Professional Property LLC
since 2020
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+43.9%
Neighborhood: shopping center
$4.9M
+20.6%
Retail stores
$4.2M
+3.1%
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
$4,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,850,000
6.5%
$5,400,000
7%
$5,015,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,060,000
Current use
COMMERCIAL (GENERAL)
$5,840,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,895,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$4,185,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,025,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,830,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±10% · vs last sale $4.25M (May 22 2020)
Last sale anchor
$4.25M
May 22 2020
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
$184 / 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
$32,552
Tax year 2023
Assessed value
$1,997,380
Assessed 2023
Previous assessed
$1,818,050
+9.9% YoY
Effective rate
1.63%
On assessed value
Land market value
$1,332,698
Improvement market value
$664,682
Total market value
$1,997,380
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
For Lease
Year built
1981
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
12
Total area
22,032 SF
Lot
2.07 ac (90,169 SF)
APN
12-21-29-512-0000-0010
UPID
US18-2841172
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
$4.1M
COMMERCIAL (GENERAL)
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
RETAIL STORES
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
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
1981
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
12
Lot
2.07 ac
Current owner
From public records · entity-resolved
Atrium Professional Property LLC
Entity
Mailing address
865 BALCH AVE, WINTER PARK, FL 32789-4917
Ownership since
2020
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
Feb 12, 2026
—
Atrium Professional Property LLC
—
Deed
related
$3,750,000 · City National Bank Of Florida
Jun 5, 2024
—
Atrium Professional Property LLC
—
Deed
related
$1,470,000 · United Midwest Savings Bank NA
May 22, 2020
$4,250,000
Atrium Professional Property LLC
Atrium Properties Ltd Co
Warranty Deed
$3,375,000 · Notre Dame FCU
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
