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Property profile & analytics
FOR SALE
Office buildings
890 North State Road 434 Altamonte Springs, FL 32714
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3144444
For Sale
1 / 82
$3,400,000
890 North State Road 434, Altamonte Springs, FL 32714
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
CONCRETE
Total area
14,924 SF
Lot
1.2 ac (52,403 SF)
APN
09-21-29-300-020B-0000
UPID
US18-3144444
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
-
National Environmental Training Institute Training Center
-
David Graham Insurance Lawyers, P.A. Law Firm
-
Restoration Association of Florida Charitable Organization Social Service Agency
-
EDC Services Group Construction Company General Contractor
-
Disaster Management Recovery Group Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.35M
Owner & transaction history
Kidwell Group LLC · 1 yrs held
Kidwell Group LLC
since 2024
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+21.6%
Retail stores
$2.8M
+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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,315,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$2,835,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,725,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,595,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Sep 16 2024)
Last sale anchor
$2.35M
Sep 16 2024
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
$157 / 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
$33,715
Tax year 2023
Assessed value
$2,079,554
Assessed 2023
Previous assessed
$2,079,554
+0.0% YoY
Effective rate
1.62%
On assessed value
Land market value
$622,202
Improvement market value
$1,457,352
Total market value
$2,079,554
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
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1983
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
10
Total area
14,924 SF
Lot
1.2 ac (52,403 SF)
APN
09-21-29-300-020B-0000
UPID
US18-3144444
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
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING Current
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
1983
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
10
Lot
1.2 ac
Current owner
From public records · entity-resolved
Kidwell Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
941 W MORSE BLVD STE #100, WINTER PARK, FL 32789-3781
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 16, 2024
—
Kidwell Group LLC
Silk Route LLC
Quit Claim Deed
related
—
Jun 15, 2020
$2,350,000
The Kidwell Group LLC
Alusco Holdings LLC
Special Warranty Deed
$1,997,500 · Truist Bank
Nov 19, 2018
—
Alusco Holdings LLC
—
Deed
related
$1,317,500 · Seacoast Nat'l Bk
Sep 17, 2018
$1,550,000
Alusco Holdings LLC
Jacobs & Goodman P A
Special Warranty Deed
$2,635,000 · Seacoast National Bank
—
—
Alusco Holdings LLC
—
Loan Modification
related
$1,317,500 · Seacoast Nat'l Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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