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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office Spaces
661 Altamonte Dr Ste 120 Altamonte Springs, FL 32701-5102
Entity Owned
4-yr Hold
Free & Clear
Property ID
US19-0476712
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,332 SF
Lot
0.03 ac (1,227 SF)
APN
13-21-29-523-0000-1200
UPID
US19-0476712
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
$570k
Comparable Approach
Comparable
$448k
Blend (final)
Blend
$510k
Owner & transaction history
Adventist Health System Sunbelt INC · 4 yrs held
Adventist Health System Sunbelt INC
since 2022
Last sale
$560,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$620,000
+43.9%
Neighborhood: shopping center
$520,000
+20.6%
Retail stores
$445,000
+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
$465,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$430,000
Current use
COMMERCIAL (GENERAL)
$620,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$425,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $560k (Mar 11 2022)
Last sale anchor
$560k
Mar 11 2022
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
$219 / 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
$5,701
Tax year 2023
Assessed value
$349,800
Assessed 2023
Previous assessed
$338,140
+3.4% YoY
Effective rate
1.63%
On assessed value
Improvement market value
$349,800
Total market value
$349,800
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
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
2,332 SF
Lot
0.03 ac (1,227 SF)
APN
13-21-29-523-0000-1200
UPID
US19-0476712
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
$430,000
COMMERCIAL (GENERAL)
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
RETAIL STORES
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$425,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
0.03 ac
Current owner
From public records · entity-resolved
Adventist Health System Sunbelt INC
Entity
Free & Clear · 4 yrs held
Mailing address
601 E ROLLINS ST #50, ORLANDO, FL 32803-1248
Ownership since
2022
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
Mar 11, 2022
$560,000
Adventist Health System Sunbelt INC
Alta Crc LLC
Special Warranty Deed
—
Sep 2, 2014
$360,000
Alta Crc LLC
Winston Blue LLC
Warranty Deed
$293,250 · Seacoast National Bank
Aug 31, 2005
—
Winston Blue LLC
Adventist Health System Sunbelt INC
Warranty Deed
$232,000 · Suntrust 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.
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