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Property profile & analytics
FOR SALE
Office buildings

850 E Altamonte Dr Altamonte Springs, FL 32701

101,264 SF 8.77 ac lot Built 1976
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-3930003
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1976
Construction CONCRETE
Total area 101,264 SF
Lot 8.77 ac (381,934 SF)
APN 12-21-29-5BE-0000-4350
UPID US18-3930003
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
  • Intouch CX - Orlando Bpo Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$24.83M
Comparable Approach Comparable
$20.29M
Blend (final) Blend
$20.81M
Owner & transaction history
850 E Altamonte Dr LLC · 3 yrs held
850 E Altamonte Dr LLC
since 2022
Last sale
$21.1M
7 recorded transactions
2022
$21.1M
2022
Price N/A
2017
Price N/A
2016
Price N/A
2016
$6.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $26.8M +43.9%
Neighborhood: shopping center $22.5M +20.6%
Retail stores $19.2M +3.1%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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