Industrial Investment Site For
For Sale
$4,500,000
145 RONNING WAY, Longwood, FL 32750
22,774 SF industrial site with 5 buildings for sale.
Property Size22,774 SF
Price / SF$197.59
Days on Market1177
Property Features for 145 RONNING WAY
General Information
Standard status
Active
Size
22,774 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$23,610
Amenities
Central Air
3
City Road, Asphalt.
Building Details
Year Built
2006
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
(407) 737-9797
Listed By:
Mark Allen
Source:
Xome
Added: Jun 6, 2023
Changed: Aug 23
Last Checked: Aug 24 at 5:08AM
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
Investment Insights
Based on property information with market context.
This industrial investment site features approximately 22,774 square feet of space, encompassing five buildings. The property includes two 3,000-square-foot buildings, each renting for $2200.00 per month plus sales tax, and two 2,000-square-foot buildings, each renting for $1500.00 per month plus sales tax. All units are individually metered, and tenants are responsible for their own utilities. Currently, all tenants operate under month-to-month leases, providing flexibility for potential rental rate increases or tenant vacancies after closing, allowing buyers to occupy the premises. A minimum of $500,000 down payment is required, with a 25-year amortization and a balloon payment at the end of 5 years at a 7% interest rate. The buyer will be required to provide credit screening and financials for approval.
Key Highlights
- Existing income stream from 5 buildings with tenants.
- Potential to increase rental rates.
- Flexibility to occupy buildings after closing.
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
$127,221
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
2.83%
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%
$2,544,420
$2.5M
Cap Rate 7%
$1,817,443
$1.8M
Cap Rate 9%
$1,413,567
$1.4M
Market Conditions
NOI Build-Up for 22,774 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
$199.5K $8.76/SF
− Vacancy
−$17.8K −$0.78/SF
EGI
$181.7K $7.98/SF
− OpEx
−$54.5K −$2.39/SF
NOI
$127.2K $5.59/SF
Area
Seminole County, FL
Vacancy
8.90%
Lease Rate
$8.76 /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%
$2,544,420
Cap Rate 7%
$1,817,443
Cap Rate 9%
$1,413,567
Alternative Uses
Best Use
Industrial
$1.82M
$1.59M – $2.12M
NOI $127,221 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,658 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,975
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 22,774 SF industrial site with 5 buildings for sale.
Where is this industrial property located?
The property is located at 145 RONNING WAY Longwood, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Existing income stream from 5 buildings with tenants.; Potential to increase rental rates.; Flexibility to occupy buildings after closing.
