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Property profile & analytics
FOR LEASE
Turn key restaurants
525 E Altamonte Dr Altamonte Springs, FL 32701
Entity Owned
21-yr Hold
Free & Clear
Property ID
US18-0345664
For Lease
1 / 6
$2,320,000
525 E Altamonte Dr, Altamonte Springs, FL 32701
View Listing →
Property summary
AI-generated overview
The Palm Springs Center, located at 525 E Altamonte Dr, Altamonte Springs, FL 32701, offers exceptional medical office space for lease. This 126,446 square foot retail and office complex, situated on an expansive 11.95-acre lot, presents a unique opportunity for medical professionals. The property features multiple tenancies, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 4,000 square feet. Currently, 4,000 square feet of space is vacant and immediately available. Two spaces are currently available, ranging from 2,000 to 6,000 square feet. One space is a 2,000 square foot shell space, ready for tenant build-out. Another option is a 6,000 square foot former Humana Insurance office, perfectly suited for a variety of medical uses, including veterinary clinics or spas. The property's prime location in Altamonte Springs, Florida offers excellent visibility and accessibility. This is an ideal opportunity to establish or expand your medical practice in a thriving community. Interested parties should inquire about lease terms and availability.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2005
Construction
CONCRETE BLOCKS
Total area
7,256 SF
Lot
0.8 ac (34,913 SF)
APN
12-21-29-5BE-0000-5490
UPID
US18-0345664
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
-
Altemonte Springs Plumbing Services Plumbing Service Building Supply
-
Duffy's Sports Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.32M
Blend (final)
Blend
$2.32M
Owner & transaction history
Saul Holdings · 21 yrs held
Saul Holdings
since 2005
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±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
$320 / 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
$19,247
Tax year 2023
Assessed value
$1,180,983
Assessed 2023
Previous assessed
$1,168,512
+1.1% YoY
Effective rate
1.63%
On assessed value
Land market value
$308,980
Improvement market value
$872,003
Total market value
$1,180,983
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
2005
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
6
Total area
7,256 SF
Lot
0.8 ac (34,913 SF)
APN
12-21-29-5BE-0000-5490
UPID
US18-0345664
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
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
6
Lot
0.8 ac
Current owner
From public records · entity-resolved
Saul Holdings
Entity
Free & Clear · 21 yrs held
Mailing address
431 E HORATIO AVE STE #120, MAITLAND, FL 32751-4560
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2005
$17,500,000
Saul Holdings
Diversified R/e Fund
Grant Deed
—
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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