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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
620 Douglas Ave Ste 1302 Altamonte Springs, FL 32714-2546
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0240914
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
TILT-UP CONCRETE
Total area
2,032 SF
Lot
5.06 ac (220,414 SF)
APN
11-21-29-300-007E-0000
UPID
US18-0240914
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
by Request
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$590k
Owner & transaction history
Acc Northlake Property LLC · 2 yrs held
Acc Northlake Property LLC
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$940,000
+165.6%
Commercial (general)
$540,000
+52.5%
Neighborhood: shopping center
$450,000
+27.8%
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
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
AUTO REPAIR, GARAGE
$940,000
Change: +166% · Conversion: Easy
COMMERCIAL (GENERAL)
$540,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$385,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$370,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$370,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$290 / 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
$89,033
Tax year 2023
Assessed value
$5,463,037
Assessed 2023
Previous assessed
$5,086,250
+7.4% YoY
Effective rate
1.63%
On assessed value
Land market value
$1,595,797
Improvement market value
$3,867,240
Total market value
$5,463,037
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
14
Total area
2,032 SF
Lot
5.06 ac (220,414 SF)
APN
11-21-29-300-007E-0000
UPID
US18-0240914
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
AUTO REPAIR, GARAGE
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
RETAIL STORES
Est. value
$385,000
OFFICE BUILDING
Est. value
$370,000
WAREHOUSE, STORAGE
Est. value
$370,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
14
Lot
5.06 ac
Current owner
From public records · entity-resolved
Acc Northlake Property LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1108 KANE CONCOURSE STE #308, BAY HARBOR ISLANDS, FL 33154-0049
Ownership since
2023
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
Dec 22, 2023
—
Acc Northlake Property LLC
Qbl Subsidiary Reit LLC
Special Warranty Deed
—
Jan 11, 2022
$8,500,000
Fl Douglas Avenue LLC
Lrf1 Orlando Logistics 1 LLC
Special Warranty Deed
—
May 21, 2019
$14,850,000
Altamonte Commerce Center LLC
Eastgroup Props LP
Trustees Deed
$10,395,000 · Bankunited Fsb
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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