Freestanding Commercial Building with
For Sale
$1,350,000
221 W State Road 434 LONGWOOD, Longwood, FL 32750
Freestanding building on a 0.63-acre lot with parking for 13 vehicles and multiple access points off SR 434.
Property Size4,549 SF
Lot Size0.63 Acres
Price / SF$296.77
Days on Market49
Property Features for 221 W State Road 434 LONGWOOD
General Information
Standard status
Active
Size
4,549 SF
Total Parking Spaces
13
Lot size
0.63 Acres
Zoning
NMU
Site & Location
Traffic Count
42,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$12,321
Amenities
Carpet,Ceramic Tile
true
Blinds
Public Records
Public
27625
0.63
false
Paved
Slab
Street Paved,State Road
4549
1
Building Details
Building Size
4,549 SF
Year Built
1977
Buildings
1
Listing Agency:
(904) 569-5862
Listed By:
Jennifer Barnett
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 6
Changed: Aug 22
Last Checked: Aug 22 at 3:41AM
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 Jennifer Barnett
Investment Insights
Based on property information with market context.
Freestanding commercial building for sale featuring block construction with a durable TPO roof. The building totals 4,549 SF and is currently arranged with six private offices, two large open work areas, three bathrooms, a kitchen, and open flex space, supporting a variety of office or service-oriented uses.
The property benefits from strong frontage along SR 434 and provides prominent building and pole signage for visibility. Parking is available for 13 vehicles in front, and there is additional drive-through access from SR 434 to W. Pine Ave with two access points off SR 434.
The site sits within the Gateway Commercial zoning designation and is located adjacent to an Orlando Health Emergency Department, within a developing healthcare-focused area.
The property benefits from strong frontage along SR 434 and provides prominent building and pole signage for visibility. Parking is available for 13 vehicles in front, and there is additional drive-through access from SR 434 to W. Pine Ave with two access points off SR 434.
The site sits within the Gateway Commercial zoning designation and is located adjacent to an Orlando Health Emergency Department, within a developing healthcare-focused area.
Key Highlights
- Freestanding 4,549 SF commercial building on a 0.63‑acre lot built in 1977
- Located with frontage and access on SR 434 (street paved/state road) with 2 access points off SR 434
- Parking for 13 vehicles in front plus additional drive‑thru access from SR 434 to W. Pine Ave
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
$67,962
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
5.03%
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%
$1,359,240
$1.4M
Cap Rate 7%
$970,886
$970.9K
Cap Rate 9%
$755,133
$755.1K
Market Conditions
NOI Build-Up for 4,549 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
$109.2K $24.00/SF
− Vacancy
−$18.6K −$4.08/SF
EGI
$90.6K $19.92/SF
− OpEx
−$22.7K −$4.98/SF
NOI
$68.0K $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%
$1,359,240
Cap Rate 7%
$970,886
Cap Rate 9%
$755,133
Alternative Uses
Best Use
Office B
$970.9K
$849.5K – $1.13M
NOI $67,962 @ 7.0% cap · market cap 5.03%
Second Best
Healthcare Medical
$926.4K
$810.6K – $1.08M
NOI $64,851 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,616 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
42,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,574
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 building - Freestanding building on a 0.63-acre lot with parking for 13 vehicles and multiple access points off SR 434.
Where is this office building located?
The property is located at 221 W State Road 434 LONGWOOD Longwood, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Freestanding 4,549 SF commercial building on a 0.63‑acre lot built in 1977; Located with frontage and access on SR 434 (street paved/state road) with 2 access points off SR 434; Parking for 13 vehicles in front plus additional drive‑thru access from SR 434 to W. Pine Ave
