Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    978 Douglas Ave Ste, Unit 100 Altamonte Springs, FL 32714-5205

    • Office Properties & Spaces
    • 1,800 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Jun 04, 2024
    $300,000
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    9.6%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US18-3572205
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 978 Douglas Ave Ste

    Year built
    1988
    Construction
    CONCRETE BLOCKS
    Lot size
    0.05 lot acres
    Property size
    1,800 SF
    Property type
    Office Properties & Spaces
    APN
    11-21-29-511-0000-2010
    APU
    11212951100002010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $300,000
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $480,000
      6.5%
      $440,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $361,000
      Market price range: $270k - $382k
      AI Estimate
      $361,000
      Market price range: $270k - $382k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $330,000
      Current use
      COMMERCIAL (GENERAL)
      $475,000
      Change: +45% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $400,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $340,000
      Change: +4% Conversion: Moderate
      WAREHOUSE, STORAGE
      $330,000
      Change: -0% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.3905
    Latitude
    28.6825
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,987
    $0.00
    $0.00
    $306,000
    -
    $0.00
    $306,000
    $306,000

    Comparable in this City

    • Value Estimation by Request
      510 SF

      421 Montgomery Rd Ste, Unit 111

      CONDOMINIUM OFFICES • 510 SF
      421 Montgomery Rd Ste, Altamonte Springs, FL 32714-3140
      View Details
    • Value Estimation by Request
      1,490 SF

      797 Douglas Ave Ste, Unit 151

      CONDOMINIUM OFFICES • 1,490 SF
      797 Douglas Ave Ste, Altamonte Springs, FL 32714-2541
      View Details
    • Value Estimation by Request
      1,404 SF

      982 Douglas Ave Ste, Unit 100

      CONDOMINIUM OFFICES • 1,404 SF
      982 Douglas Ave Ste, Altamonte Springs, FL 32714-5201
      View Details
    • Value Estimation by Request
      728 SF

      409 Montgomery Rd Ste, Unit 141

      CONDOMINIUM OFFICES • 728 SF
      409 Montgomery Rd Ste, Altamonte Springs, FL 32714-3193
      View Details
    • Value Estimation by Request
      1,406 SF

      805 Douglas Ave Ste, Unit 161

      CONDOMINIUM OFFICES • 1,406 SF
      805 Douglas Ave Ste, Altamonte Springs, FL 32714-2017
      View Details
    • Value Estimation
      $290,000
      1,448 SF

      982 Douglas Ave Ste, Unit 102

      CONDOMINIUM OFFICES • 1,448 SF
      982 Douglas Ave Ste, Altamonte Springs, FL 32714-5201
      View Details

    Similar Nearby for Sale

    • $3,510,000
      15,385 SF

      Altamonte Springs Medical Office Building

      15,385 SF Office Building, $3.5M
      801 Douglas Ave, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      24,000 SF

      Altamonte Springs Medical Office Building

      24,000 SF Medical Office, Prime Location
      177 Montgomery Rd, Altamonte Springs, FL 32714
      View Details
    • $895,000
      0.63 Acres

      Prime Longwood Commercial Land

      High-traffic location, redevelopment potential
      2590 State Road 434, Longwood, FL 32714
      View Details
    • $879,000
      1,995 SF

      Altamonte Springs Owner-User Building

      Prime location, versatile space, high traffic.
      915 Sand Lake Rd, Altamonte Springs, FL 32714
      View Details
    • $1,999,999
      8,445 SF

      Altamonte Springs Office Building

      Office building with open floor plan in Altamonte Springs.
      483 Montgomery Pl, Altamonte Springs, FL 32714
      View Details
    • $400,000
      1.66 Acres

      Altamonte Springs Commercial Land

      1.66 Acres, Prime Commercial Location
      232 Westmonte Dr, Altamonte Springs, FL 32714
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      74,970 SF

      Altamonte Springs Executive Offices

      Prestigious Office Suites, Ample Parking
      375 Douglas Ave, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      7,435 SF

      Boardwalk Shoppes Retail Space Available

      Prime Altamonte Springs Retail Opportunity
      1002 State Road 436, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      15,814 SF

      Altamonte Springs Office Building

      Versatile Office Space, Multiple Suites Available
      901 Douglas Ave, Altamonte Springs, FL 32714
      View Details
    • $13 SF/Yr
      102,000 SF

      Maitland Center Office Complex Space

      Three-building office complex in Maitland Center with 154,000 SF.
      965 Keller Rd, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing
      7,482 SF

      Altamonte Springs Office Space Available

      Office suites available in Altamonte Springs, move-in ready.
      222 S Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $16 SF/Yr
      3,744 SF

      Stand Alone Office Campus

      Office campus available for immediate occupancy with ample parking.
      180 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    978 Douglas Ave Ste, Unit 100
    Altamonte Springs, FL 32714-5205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.