Renovated Live-Work
New
For Sale
$725,000
1150 N Ronald Reagan Boulevard, Longwood, FL 32750
Two-story property combines professional office space with a residentially adaptable upper level and separate building systems.
Property Size2,540 SF
Price / SF$285.43
Days on Market6
Property Features for 1150 N Ronald Reagan Boulevard
General Information
Standard status
Active
Size
2,540 SF
Total Parking Spaces
11
Property subtype
Commercial
Building Details
Year Built
1982
Buildings
1
Stories
2
Construction
block
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY
Listed By:
Randy Adams PA · License #3294058
(321) 438-1027
Source:
Realtygroupfl
Added: Sep 2
Changed: Sep 6
Last Checked: Sep 7 at 11:52AM
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 RE/MAX TOWN & COUNTRY REALTY
Investment Insights
Based on property information with market context.
This two-story live-work property, built in 1982, is configured for both business operations and residential use under Neighborhood Commercial zoning. The first floor includes eight built-in cubicles, two offices, a conference room with cathedral ceilings, a kitchen with granite countertops and solid wood cabinetry, two bathrooms, and a utility room. The upper level offers a large office or bedroom, a private bath plumbed for a shower, a kitchen area, and living-room space. Brazilian walnut flooring, crown molding, solid-core interior doors, tempered interior glass, and separate HVAC systems serve each floor.
Located at 1150 N Ronald Reagan in Longwood, the property includes 11 parking spaces and a fully enclosed storage shed. The first floor is ADA compliant, while a private entrance provides flexibility for the second-floor area. Improvements include a new roof and exterior paint in 2023, new first-floor carpet in 2023, a 2017 water heater, hurricane-rated dual-pane windows, and shatterproof storm doors. Average Annual Daily Traffic generally reaches around 12,000 vehicles per day.
Located at 1150 N Ronald Reagan in Longwood, the property includes 11 parking spaces and a fully enclosed storage shed. The first floor is ADA compliant, while a private entrance provides flexibility for the second-floor area. Improvements include a new roof and exterior paint in 2023, new first-floor carpet in 2023, a 2017 water heater, hurricane-rated dual-pane windows, and shatterproof storm doors. Average Annual Daily Traffic generally reaches around 12,000 vehicles per day.
Key Highlights
- Neighborhood Commercial zoning supports live/work use
- Two‑story layout with separate HVAC systems for each floor
- 11 parking spaces and fully enclosed storage shed
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
$37,948
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
5.23%
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%
$758,960
$759.0K
Cap Rate 7%
$542,114
$542.1K
Cap Rate 9%
$421,644
$421.6K
Market Conditions
NOI Build-Up for 2,540 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
$61.0K $24.00/SF
− Vacancy
−$10.4K −$4.08/SF
EGI
$50.6K $19.92/SF
− OpEx
−$12.6K −$4.98/SF
NOI
$37.9K $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%
$758,960
Cap Rate 7%
$542,114
Cap Rate 9%
$421,644
Alternative Uses
Best Use
Office B
$542.1K
$474.4K – $632.5K
NOI $37,948 @ 7.0% cap · market cap 5.23%
Second Best
Mixed Use
$479.0K
$419.1K – $558.8K
NOI $33,528 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$722.8K
$632.5K – $843.3K
NOI $50,597 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
516
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Two-story property combines professional office space with a residentially adaptable upper level and separate building systems.
Where is this live-work space located?
The property is located at 1150 N Ronald Reagan Boulevard Longwood, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Neighborhood Commercial zoning supports live/work use; Two‑story layout with separate HVAC systems for each floor; 11 parking spaces and fully enclosed storage shed
