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Property profile & analytics
FOR LEASE
Drive through restaurants
954 East Altamonte Dr Altamonte Springs, FL 32701
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0849143
For Lease
1 / 17
Contact for pricing
954 East Altamonte Dr, Altamonte Springs, FL 32701
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1961
Construction
CONCRETE
Total area
2,464 SF
Lot
0.51 ac (22,050 SF)
APN
12-21-29-5BE-0000-4410
UPID
US18-0849143
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
-
Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.04M
Owner & transaction history
Altamonte 954 Property LLC · 1 yrs held
Altamonte 954 Property LLC
since 2024
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,035,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.04M (Oct 28 2024)
Last sale anchor
$1.04M
Oct 28 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
$420 / 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
$11,288
Tax year 2023
Assessed value
$703,510
Assessed 2023
Previous assessed
$688,869
+2.1% YoY
Effective rate
1.60%
On assessed value
Land market value
$389,183
Improvement market value
$314,327
Total market value
$703,510
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
1961
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,464 SF
Lot
0.51 ac (22,050 SF)
APN
12-21-29-5BE-0000-4410
UPID
US18-0849143
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
Building & site characteristics
From public records
Year built
1961
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Altamonte 954 Property LLC
Entity
Mailing address
2277 LEE RD, WINTER PARK, FL 32789-1887
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
Oct 28, 2024
$1,035,000
Altamonte 954 Property LLC
Dipasqua Real Estate Investmensts I
Special Warranty Deed
$550,000 · Cogent Bank
Aug 22, 2001
$335,000
Gilles W Mcdaniel
Morden,barry N & Anne
Grant Deed
$285,000 · Barry N & Anne
—
—
Dipasqua Real Estate Invs INC
—
Deed Of Trust
related
$968,500 · Suntrust Bank NA
—
—
Dipasqua Real Estate Invs INC
—
Deed Of Trust
related
$652,800 · Suntrust Bank NA
—
—
Dipasqua Real Estate Invs INC
—
Deed Of Trust
related
$606,800 · Suntrust Bank NA
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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