850 E Altamonte Dr Altamonte Springs, FL 32701
For Sale
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This exceptional seven-story office building, totaling 98,204 square feet, presents a compelling investment opportunity. Located at 850 E Altamonte Dr, Altamonte Springs, FL 32701, this property boasts a prime location on an 8.79-acre site, offering excellent visibility and accessibility between major highways and within walking distance of the SunRail commuter train station. The building, constructed in 1976 and extensively renovated in 2016 and 2017, is currently 100% occupied by IntouchCX Inc., a global contact management leader with a capacity for 1,000 employees at this location. The property benefits from a triple-net (NNN) lease, providing investors with a hands-off, stable cash flow. The asking price is $15,690,000, representing a compelling $160 per square foot and an attractive 11.00% cap rate. Situated in the heart of Altamonte Springs, near City Hall, the property is surrounded by restaurants, apartments, and residential areas. The MOR-2 (Mixed Office Residential) zoning offers potential for future development and densification. This investment provides a significant opportunity for stable income and long-term growth potential. The property's APN is 12-21-29-5BE-0000-4350.
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Intouch CX - Orlando Bpo Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.