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Property profile & analytics
OFF-MARKET
Estimated value
$2,830,000
Community centers
620 Altamonte Dr Altamonte Springs, FL 32701-4837
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5289747
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2001
Construction
CONCRETE
Total area
9,596 SF
Lot
0.94 ac (40,860 SF)
APN
12-21-29-5BE-0000-584A
UPID
US18-5289747
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
-
Casual Male XL Clothing & Fashion Store
-
Mattress Firm East Altamonte II Furniture & Home Goods
-
Alarm Datacom Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.85M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$2.83M
Owner & transaction history
Vdm Merritt Island Retail LLC · 5 yrs held
Vdm Merritt Island Retail LLC
since 2020
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+107.9%
Commercial (general)
$2.5M
+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
$3,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,085,000
6.5%
$2,845,000
7%
$2,645,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,130,000
Current use
AUTO REPAIR, GARAGE
$4,430,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,545,000
Change: +19% · Conversion: Easy
RETAIL STORES
$1,825,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$1,770,000
Change: -17% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,755,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.83M
Range $2.55M – $3.11M · ±10% · vs last sale $2.68M (Sep 15 2020)
Last sale anchor
$2.68M
Sep 15 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
$295 / 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
$19,243
Tax year 2023
Assessed value
$1,180,772
Assessed 2023
Previous assessed
$1,145,991
+3.0% YoY
Effective rate
1.63%
On assessed value
Land market value
$721,179
Improvement market value
$459,593
Total market value
$1,180,772
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
6
Total area
9,596 SF
Lot
0.94 ac (40,860 SF)
APN
12-21-29-5BE-0000-584A
UPID
US18-5289747
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
$2.1M
AUTO REPAIR, GARAGE
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2001
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
6
Lot
0.94 ac
Current owner
From public records · entity-resolved
Vdm Merritt Island Retail LLC
Entity
Mailing address
3662 AVALON PARK E BLVD STE #201, ORLANDO, FL 32828-7760
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
—
Qbl Fl Douglas Avenue LLC
—
Deed
related
$460,000,000 · Sumitomo Mitsui Banking Corp
Sep 15, 2020
$2,676,100
Vdm Merritt Island Retail LLC
Special Tee Golf Of Florida INC
Special Warranty Deed
$1,514,555 · Trustco Bank
Jun 11, 2019
—
Tee Golf Of Florida INC
—
Deed
related
$1,300,000 · Gte FCU
—
—
Specialtee Golf Of Florida INC
—
Deed Of Trust
related
$1,950,000 · Baltimore Life Insurance Co
—
—
Specialtee Golf Of Florida INC
—
Deed Of Trust
related
$1,918,043 · Baltimore Life Insurance Co
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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