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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Office buildings
851 Douglas Ave Altamonte Springs, FL 32714-2085
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-4883250
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1981
Construction
CONCRETE
Total area
12,276 SF
Lot
1.22 ac (53,230 SF)
APN
11-21-29-507-0000-0020
UPID
US18-4883250
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
-
Gilberto Serrano, MD Physician
-
Sleepmed Therapies Inc. Medical Clinic
-
FedEx Drop Box Postal Service Courier Service
-
Comprehensive Sleep Disorder Center Medical Clinic
-
Orlando Family Physicians by InnovaCare Health Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.32M
Owner & transaction history
851 Douglas Avenue LLC · 8 yrs held
851 Douglas Avenue LLC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+45.1%
Neighborhood: shopping center
$2.7M
+21.6%
Retail stores
$2.3M
+4.0%
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
OFFICE BUILDING
$2,245,000
Current use
COMMERCIAL (GENERAL)
$3,255,000
Change: +45% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,725,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$2,330,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,245,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,135,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±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
$189 / 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
$25,831
Tax year 2023
Assessed value
$1,956,710
Assessed 2023
Previous assessed
$1,754,826
+11.5% YoY
Effective rate
1.32%
On assessed value
Land market value
$508,241
Improvement market value
$1,448,469
Total market value
$1,956,710
Applied tax rate
1.0000
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
12,276 SF
Lot
1.22 ac (53,230 SF)
APN
11-21-29-507-0000-0020
UPID
US18-4883250
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
$2.2M
COMMERCIAL (GENERAL)
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1981
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
5
Lot
1.22 ac
Current owner
From public records · entity-resolved
851 Douglas Avenue LLC
Entity
Mailing address
121 S ORANGE AVE STE #940, ORLANDO, FL 32801-3234
Ownership since
2017
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
Jul 18, 2017
$1,700,000
851 Douglas Avenue LLC
Benjenash LLC
Grant Deed
$1,190,000 · Bank Of America
Jun 21, 2011
—
Benjenash LLC
Thomas,thomas B & Jennifer E
Warranty Deed
—
May 4, 2005
—
Thomas B Thomas
—
Trustees Deed
related
$180,000 · Orlando National Bank
Feb 8, 2005
$1,500,000
Thomas B Thomas
Atkins,robert B JR & Brenda
Grant Deed
$1,750,000 · Orlando National Bank
Sep 3, 1999
$1,500,000
Robert B Atkins
Atkins,robert B & Geraldine B
Grant Deed
related
$1,500,000 · Individual
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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