5-Unit Mixed-Use
For Sale
$2,750,000
101-585 S Ronald Reagan Blvd, Longwood, FL 32750
Three suites are vacant and offered for lease, while two currently have tenants.
Property Size14,040 SF
Price / SF$199.28
Days on Market19
Property Features for 101-585 S Ronald Reagan Blvd
General Information
Standard status
Active
Size
14,040 SF
Additional Details
Office Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$25,354
Building Details
Buildings
1
Building Size
14,040 SF
Tenancy
Multi
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
Listed By:
Mark Allen · License #3231641
(407) 737-9797
Source:
Exprealty
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 28 at 3:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMMERCIAL REAL ESTATE PROF IN
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property contains five units, with two occupied and three vacant. Current occupants include a child care/church operation in Unit 107 and a call center in Unit 133. Unit 107 has the complex’s only sprinkler system. Unit 121 is vacant and has new HVAC equipment; Units 113 and 127 are also available. The vacant spaces are offered on NNN lease terms.
A new rubber membrane roof coating was installed in 2023.
A new rubber membrane roof coating was installed in 2023.
Key Highlights
- Five units, with two occupied and three vacant
- Unit 107 is occupied by a child care/church tenant and has the only sprinkler system in the complex
- Unit 133 is occupied by a call center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,160
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,643,200
$3.6M
Cap Rate 7%
$2,602,286
$2.6M
Cap Rate 9%
$2,024,000
$2.0M
Market Conditions
NOI Build-Up for 13,800 SF
Gross rent
$331.2K $24.00/SF
− Vacancy
−$39.7K −$2.88/SF
EGI
$291.5K $21.12/SF
− OpEx
−$109.3K −$7.92/SF
NOI
$182.2K $13.20/SF
Area
Seminole County, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,643,200
Cap Rate 7%
$2,602,286
Cap Rate 9%
$2,024,000
Alternative Uses
Best Use
Mixed Use
$2.60M
$2.28M – $3.04M
NOI $182,160 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.93M
$3.44M – $4.58M
NOI $274,896 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,976
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three suites are vacant and offered for lease, while two currently have tenants.
Where is this mixed-use property located?
The property is located at 101-585 S Ronald Reagan Blvd Longwood, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Five units, with two occupied and three vacant; Unit 107 is occupied by a child care/church tenant and has the only sprinkler system in the complex; Unit 133 is occupied by a call center
