Freestanding Office Buildings with Renovated
For Sale
$930,000
180 S RONALD REAGAN Boulevard, Longwood, FL 32750
COMMERCIAL - LONGWOOD, FL
Property Size3,202 SF
Lot Size0.23 Acres
Price / SF$290.44
Days on Market48
Property Features for 180 S RONALD REAGAN Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Appliances
Refrigerator
Subdivision
GLENROSE LEA
Directions
From i-4 E, Take exit 94 toward SR-434 E/Longwood/Winter Springs/Hospital. Turn right onto W State Road 434 (SR-434 E) toward Longwood/Winter Springs/Hospital. Go for 2.7 mi. Turn right onto S Ronald Reagan Blvd (CR-427 S) Go 308 ft Turn Right onto W evergreen Ave. Destination will be on left.
Standard status
Active
APN
06-21-30-502-0200-0010
Size
3,202 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 + S 25 FT OF ST ADJ ON N (LESS RD) BLK 2 GLENROSE LEA PB 4 PG 53
Tax Annual Amount
5889
Legal Description
LOT 1 + S 25 FT OF ST ADJ ON N (LESS RD) BLK 2 GLENROSE LEA PB 4 PG 53
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1962
Floors in Building
1
Flooring type
Laminate, Carpet, Vinyl
Building materials
Brick, Metal Frame, Stucco, Frame
Listing Agency:
PREMIUM PROPERTIES R.E SERVICE
(407) 380-2800
Listed By:
Marya Pemberton · License #3358681
(407) 342-9884
Added: Jun 26
Changed: Aug 4
Last Checked: Aug 12 at 9:06AM
MLS# O6416372
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.
Two freestanding commercial office buildings are offered for sale in Longwood, Florida, zoned for General Commercial use (GC). The combined office space totals 3,260 square feet, including a 980 square foot front building and a 2,285 square foot secondary building.
The front building includes four private offices, a reception area or workspace, a bathroom, and three separate entrance areas, including a rear office entry. The secondary building contains two adjoining suites that can be configured for different uses. The newly renovated first suite features new luxury vinyl flooring, custom built-in cabinets, an updated bathroom, three large private offices, a second private entrance, a sizable work area, and a lobby or reception area. The second suite, formerly a hair salon, has two entrances and includes a 168 square foot lobby or reception area with dark wood shiplap walls, a kitchen, a bathroom, and a 210 square foot office with a closet. A former salon area can be used as a multi-office workspace or divided into additional offices or a conference area.
The property includes a parking lot with 10 parking spaces, with seven marked in front of the rear building. Central heating and central air are provided, with electricity available and public sewer. Constructed in 1962, the buildings use brick, metal frame, stucco, and frame materials.
The front building includes four private offices, a reception area or workspace, a bathroom, and three separate entrance areas, including a rear office entry. The secondary building contains two adjoining suites that can be configured for different uses. The newly renovated first suite features new luxury vinyl flooring, custom built-in cabinets, an updated bathroom, three large private offices, a second private entrance, a sizable work area, and a lobby or reception area. The second suite, formerly a hair salon, has two entrances and includes a 168 square foot lobby or reception area with dark wood shiplap walls, a kitchen, a bathroom, and a 210 square foot office with a closet. A former salon area can be used as a multi-office workspace or divided into additional offices or a conference area.
The property includes a parking lot with 10 parking spaces, with seven marked in front of the rear building. Central heating and central air are provided, with electricity available and public sewer. Constructed in 1962, the buildings use brick, metal frame, stucco, and frame materials.
Key Highlights
- Zoned GC with a combined 3,260 SF office layout across two freestanding buildings
- Front building: 980 SF with four private offices, reception/workspace, bathroom, and three separate entrance areas
- Secondary building: 2,285 SF offering two adjoining suites with multiple entrances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,838
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$956,760
$956.8K
Cap Rate 7%
$683,400
$683.4K
Cap Rate 9%
$531,533
$531.5K
Market Conditions
NOI Build-Up for 3,202 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.8K $24.00/SF
− Vacancy
−$13.1K −$4.08/SF
EGI
$63.8K $19.92/SF
− OpEx
−$15.9K −$4.98/SF
NOI
$47.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$956,760
Cap Rate 7%
$683,400
Cap Rate 9%
$531,533
Alternative Uses
Best Use
Office B
$683.4K
$598.0K – $797.3K
NOI $47,838 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$911.2K
$797.3K – $1.06M
NOI $63,784 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
2,167
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two freestanding office buildings zoned GC featuring central heating and air, plus a newly renovated office suite.
Where is this office units located?
The property is located at 180 S RONALD REAGAN Boulevard Longwood, FL.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Zoned GC with a combined 3,260 SF office layout across two freestanding buildings; Front building: 980 SF with four private offices, reception/workspace, bathroom, and three separate entrance areas; Secondary building: 2,285 SF offering two adjoining suites with multiple entrances
