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Property profile & analytics
OFF-MARKET
Estimated value
$3,325,000
Distribution centers
855 Sunshine Ln Altamonte Springs, FL 32714-3901
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5015207
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Construction
CONCRETE
Total area
17,920 SF
Lot
1.42 ac (61,812 SF)
APN
16-21-29-506-0000-0030
UPID
US18-5015207
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
-
Legacy Restoration, LLC Hardware & Home Improvement Construction Company
-
A Ray Textiles General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.38M
Blend (final)
Blend
$3.33M
Owner & transaction history
A Ray Textiles INC · 7 yrs held
A Ray Textiles INC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+45.1%
Neighborhood: shopping center
$4.0M
+21.6%
Retail stores
$3.4M
+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
WAREHOUSE, STORAGE
$3,275,000
Current use
COMMERCIAL (GENERAL)
$4,750,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,980,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$3,405,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$3,275,000
Change: +0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,115,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$3.33M
Range $2.99M – $3.66M · ±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
$186 / 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
$31,414
Tax year 2023
Assessed value
$1,945,879
Assessed 2023
Previous assessed
$1,744,103
+11.6% YoY
Effective rate
1.61%
On assessed value
Land market value
$538,440
Improvement market value
$1,407,439
Total market value
$1,945,879
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
7
Total area
17,920 SF
Lot
1.42 ac (61,812 SF)
APN
16-21-29-506-0000-0030
UPID
US18-5015207
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
WAREHOUSE, STORAGE Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1982
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
7
Lot
1.42 ac
Current owner
From public records · entity-resolved
A Ray Textiles INC
Entity
Mailing address
855 SUNSHINE LN, ALTAMONTE SPG, FL 32714-3901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Dec 7, 2018
$1,750,000
A Ray Textiles INC
Lelchu LLC
Warranty Deed
$892,500 · Centerstate Bank Of Florida NA
Jan 11, 2018
$1,300,000
Lelchu LLC
Mach Investments LLC
Warranty Deed
—
Jul 9, 2015
$925,000
Mesar LLC
Bigley Trust
Grant Deed
—
Nov 18, 2005
$275,000
Christine G Pepper
Mundell,john C JR
Warranty Deed
—
Nov 18, 2005
—
Mach Investments LLC
Pepper,christine G
Warranty Deed
—
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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