Seminole County Commercial
For Sale
Contact for pricing
1054 N 17-92 Hwy, Longwood, FL 32750
Commercial property with multiple structures and ample vehicle capacity.
Property Size2,775 SF
Lot Size0.91 Acres
Price / SF$405.41
Days on Market1969
Property Features for 1054 N 17-92 Hwy
General Information
Standard status
Active
Size
2,775 SF
Class
C
Lot size
0.91 Acres
Property subtype
Retail
Zoning
C-2
Investment Type
Owner/User
Listing Agency:
Results Real Estate Partners
(407) 647-0200
Listed By:
Vincent Wolle · License #BK 688271
Source:
Crexi
Added: Apr 7, 2021
Changed: Aug 19
Last Checked: Aug 25 at 11:38AM
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 Results Real Estate Partners
Investment Insights
Based on property information with market context.
This commercial property in Seminole County is suitable for a car lot, boat sales, or a towing facility. It features three structures totaling 2,775 square feet, including three service bays and an office. The 0.91-acre site is zoned C-2 and has over 100 feet of frontage on Highway 17-92, with two access points, one on Highway 17-92 and another on Raven Avenue. The site is fenced, and equipped with security cameras and lighting. It can accommodate over 90 vehicles. The property is located at the intersection of Highway 17-92 and Raven Avenue, between State Road 434 and Ronald Reagan Boulevard, on car dealer row.
Key Highlights
- Prime location on Hwy 17‑92 in Seminole County's car dealer row.
- C‑2 zoning allows for car lot, boat sales, or towing facility.
- .91 acre fenced site with security cameras and lighting.
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
$54,492
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
4.84%
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%
$1,089,840
$1.1M
Cap Rate 7%
$778,457
$778.5K
Cap Rate 9%
$605,467
$605.5K
Market Conditions
NOI Build-Up for 2,775 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
$80.6K $29.04/SF
− Vacancy
−$2.7K −$0.99/SF
EGI
$77.8K $28.05/SF
− OpEx
−$23.4K −$8.42/SF
NOI
$54.5K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,089,840
Cap Rate 7%
$778,457
Cap Rate 9%
$605,467
Alternative Uses
Best Use
Retail
$778.5K
$681.2K – $908.2K
NOI $54,492 @ 7.0% cap · market cap 4.84%
Second Best
Specialty Retail
$764.5K
$669.0K – $892.0K
NOI $53,518 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$789.7K
$691.0K – $921.3K
NOI $55,278 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Publix
Groceries
29,687 visits/mo
0.5 miles
Publix Liquors
Groceries
748 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Commercial property with multiple structures and ample vehicle capacity.
Where is this car wash located?
The property is located at 1054 N 17-92 Hwy Longwood, FL.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Prime location on Hwy 17‑92 in Seminole County's car dealer row.; C‑2 zoning allows for car lot, boat sales, or towing facility.; .91 acre fenced site with security cameras and lighting.
