Updated Warehouse in Longwood Industrial
For Sale
$6,937,000
Pending
1356 BENNETT Dr, Longwood, FL 32750
46,560 SF warehouse on 2.5 acres in Longwood, Florida.
Property Size46,560 SF
Lot Size2.38 Acres
Days on Market153
Property Features for 1356 BENNETT Dr
General Information
Standard status
Pending
Size
46,560 SF
Lot size
2.38 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$39,000
Building Details
Building Size
46,560 SF
Year Built
1984
Listing Agency:
Creegan Property Group
(407) 622-1111
Listed By:
Chris Creegan · License #3168853
(407) 622-1111
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 Creegan Property Group
Investment Insights
Based on property information with market context.
This updated 46,560 square feet warehouse is located in Longwood's industrial area on 2.5 acres. The property features frontage on Bennett Drive and ample parking in both the front and rear. The column spacing is 40'x30' and the ceiling height is 18' +/-. Zoned industrial, the building includes 4 dock-high doors, plus 2 additional doors with a loading ramp and roll-up door. A .35 +/- acre fenced yard behind the building can accommodate a semi-truck turnaround. The interior contains 11 offices, a 2,000 square feet showroom, a 300 square feet board meeting room, and a 600 square feet under-air storage area. Interior offices have 10-foot ceilings. There are 7 bathrooms throughout the property, including one full bathroom with a shower in the office area. Constructed in 1984 and 1987, the property underwent major renovations in 2008 and 2018. Recent upgrades include LED motion detection warehouse lighting and newly installed LED overhead lighting, new interior floors in the office and showroom areas, modern ceiling tiles and bathroom fixtures, and a newly designed pantry. Exterior improvements include a recently paved and striped parking lot with freshly planted landscaping, new gutters, and newly installed underground piped rainwater run-off. Accessible ramps and stairs were added, leading up to the property, both front and rear. The property was constructed on a fill dirt platform which is four feet above ground, with a water run-off drainage ditch running along the entire right-side perimeter of the building. The property is tenant occupied by 4 tenants, with room to increase SQFT amounts for future tenants if not wanting to occupy the whole space or purchase as an investment. The location is close to UPS, FedEx, 17/92, SR 434, SR 436, and I-4.
Key Highlights
- Excellent Location: Situated in Longwood's industrial area, with easy access to UPS, FedEx, 17/92, SR 434, SR 436, and I‑4.
- Substantial Warehouse Space: 46,560 square feet warehouse on 2.5 acres, suitable for various industrial uses.
- Multiple Loading Options: Features 4 dock‑high doors, plus 2 doors with a loading ramp and roll‑up door.
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
$315,831
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
4.55%
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%
$6,316,620
$6.3M
Cap Rate 7%
$4,511,871
$4.5M
Cap Rate 9%
$3,509,233
$3.5M
Market Conditions
NOI Build-Up for 46,560 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
$407.9K $8.76/SF
− Vacancy
−$36.3K −$0.78/SF
EGI
$371.6K $7.98/SF
− OpEx
−$55.7K −$1.20/SF
NOI
$315.8K $6.78/SF
Area
Seminole County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
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%
$6,316,620
Cap Rate 7%
$4,511,871
Cap Rate 9%
$3,509,233
Alternative Uses
Best Use
Retail
$13.06M
$11.43M – $15.24M
NOI $914,292 @ 7.0% cap · market cap 13.18%
Second Best
Office B
$9.94M
$8.70M – $11.59M
NOI $695,606 @ 7.0% cap · market cap 10.03%
Theoretical Best
Office A
$13.25M
$11.59M – $15.46M
NOI $927,475 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Well-served
Demand for This Use
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - 46,560 SF warehouse on 2.5 acres in Longwood, Florida.
Where is this warehouse located?
The property is located at 1356 BENNETT Dr Longwood, FL.
What is the asking price?
The asking price for this property is $6,937,000.
What are key features of this property?
This property features: Excellent Location: Situated in Longwood's industrial area, with easy access to UPS, FedEx, 17/92, SR 434, SR 436, and I‑4.; Substantial Warehouse Space: **46,560 square feet warehouse on 2.5 acres**, suitable for various industrial uses.; Multiple Loading Options: Features 4 dock‑high doors, plus 2 doors with a loading ramp and roll‑up door.
