Multi-Building Warehouse
For Sale
$4,500,000
145 RONNING Way, Longwood, FL 32750
Commercial Sale, LONGWOOD, FL
Property Size19,200 SF
Lot Size2.02 Acres
Price / SF$234.38
Days on Market1223
Property Features for 145 RONNING Way
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
IND
Subdivision
ACREAGE & UNREC
Directions
Located just off SR 434 in Longwood at Ronning Way and Mingo Trail.
Standard status
Active
APN
06-21-30-300-0400-0000
Size
19,200 SF
Lot size
2.02 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
SEC 06 TWP 21S RGE 30E BEG 100 FT E & 311.31 FT S OF NE COR OF NW 1/4 OF NW 1/4 RUN S 119.93 FT E 550 FT N 179.93 FT W 366 FT S 60 FT W 184 FT TO BEG
Tax Annual Amount
23610
Legal Description
SEC 06 TWP 21S RGE 30E BEG 100 FT E & 311.31 FT S OF NE COR OF NW 1/4 OF NW 1/4 RUN S 119.93 FT E 550 FT N 179.93 FT W 366 FT S 60 FT W 184 FT TO BEG
Utilities
Cooling system
Central Air
Building Details
Year built
2006
Building materials
Block
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
Listed By:
Mark Allen
(407) 737-9797
Added: Jun 9, 2023
Changed: Aug 19
Last Checked: Oct 13 at 3:06PM
MLS# O6117629
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property comprises 6 buildings totaling approximately 19,200 square feet on 2.02 acres. The configuration includes two 3,000-square-foot units, three 2,000-square-foot units, and a 7,200-square-foot front warehouse building with approximately 2,000 square feet of furnished Class A office space. The property is zoned IND, constructed with block materials, and equipped with central air.
Several units are leased, while the 7,200-square-foot space is occupied by the owner’s car dealership. Each unit is individually metered, with tenants responsible for their own utilities. Located on Ronning Way in Longwood, Florida, the property is served by postal code 32750 and is in Seminole County.
Several units are leased, while the 7,200-square-foot space is occupied by the owner’s car dealership. Each unit is individually metered, with tenants responsible for their own utilities. Located on Ronning Way in Longwood, Florida, the property is served by postal code 32750 and is in Seminole County.
Key Highlights
- 2.02‑acre industrial property with 6 buildings totaling approximately 19,200 square feet
- Two 3,000‑square‑foot units and three 2,000‑square‑foot units are leased
- 7,200‑square‑foot front warehouse includes approximately 2,000 square feet of furnished Class A office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$286,848
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,736,960
$5.7M
Cap Rate 7%
$4,097,829
$4.1M
Cap Rate 9%
$3,187,200
$3.2M
Market Conditions
NOI Build-Up for 19,200 SF
Gross rent
$460.8K $24.00/SF
− Vacancy
−$78.3K −$4.08/SF
EGI
$382.5K $19.92/SF
− OpEx
−$95.6K −$4.98/SF
NOI
$286.8K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,736,960
Cap Rate 7%
$4,097,829
Cap Rate 9%
$3,187,200
Alternative Uses
Best Use
Office B
$4.10M
$3.59M – $4.78M
NOI $286,848 @ 7.0% cap · market cap 6.37%
Second Best
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,239 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$5.46M
$4.78M – $6.37M
NOI $382,464 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,975
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32750, FL
25,261
Population
10,541
Households
2.4
Avg Household Size
43
Median Age
37%
College-Educated
93%
High-School Grad
11.4 sq mi
ZIP Area
2,216
Density / Sq Mi
$85,227
Median Household Income
$48,311
Median Earnings
$1,633
Median Rent
$350,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property with separately metered units, leased space, and a furnished Class A office component.
Where is this warehouse located?
The property is located at 145 RONNING Way Longwood, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 2.02‑acre industrial property with 6 buildings totaling approximately 19,200 square feet; Two 3,000‑square‑foot units and three 2,000‑square‑foot units are leased; 7,200‑square‑foot front warehouse includes approximately 2,000 square feet of furnished Class A office space
