Three-Unit Flex Space
New
For Sale
$988,000
2100 N RONALD REAGAN Boulevard, Longwood, FL 32750
Commercial Sale, LONGWOOD, FL
Property Size5,204 SF
Lot Size0.05 Acres
Price / SF$189.85
Days on Market1
Property Features for 2100 N RONALD REAGAN Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Subdivision
SOLDIERS CREEK A COMM CONDO SECOND AMD
Lot features
Industrial Condo, Industrial Park, Street Lights, Paved
Directions
Take 17-92 East, Turn left onto General Hutchinson Pkwy, Continue straight ahead on the Traffic Light, Turn right, unit 1044 is on your left.
Standard status
Active
APN
29-20-30-530-0200-1044
Size
5,204 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BUILDING 2 UNIT 1044 SOLDIERS CREEK A COMMERCIAL CONDOMINIUM SECOND AMENDMENT ORB 9428 PGS 348-356
Tax Annual Amount
4495
Legal Description
BUILDING 2 UNIT 1044 SOLDIERS CREEK A COMMERCIAL CONDOMINIUM SECOND AMENDMENT ORB 9428 PGS 348-356
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Building materials
Metal Frame
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Esther Griller · License #BK3256764
(407) 580-9313
Added: Sep 2
Last Checked: Sep 2 at 9:06AM
MLS# O6438488
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering combines three flex and warehouse condominium units within Soldiers Creek Business Condominium. The property totals 5,204 square feet and includes a fully air-conditioned warehouse, three drive-in roll-up doors, metal frame construction, and approximately 18 feet of clear height at the eaves, rising to 22.33 feet at the peak. One unit fronts N. Ronald Reagan Boulevard, while the other two are located in a separate building.
The property is positioned along N. Ronald Reagan Boulevard in Longwood, near Lake Mary Boulevard and Longwood-Lake Mary Road. C-3 zoning, public water, and public sewer support the existing commercial configuration. The units are suited to storage, distribution, business operations, service-related activity, research, and light manufacturing as described in the property information.
The property is positioned along N. Ronald Reagan Boulevard in Longwood, near Lake Mary Boulevard and Longwood-Lake Mary Road. C-3 zoning, public water, and public sewer support the existing commercial configuration. The units are suited to storage, distribution, business operations, service-related activity, research, and light manufacturing as described in the property information.
Key Highlights
- Three flex/warehouse condominium units totaling 5,204 square feet
- Fully air‑conditioned warehouse space with three drive‑in roll‑up doors
- Approximately 18' clear height at the eaves and 22.33' at the peak
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
$35,300
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
3.57%
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%
$706,000
$706.0K
Cap Rate 7%
$504,286
$504.3K
Cap Rate 9%
$392,222
$392.2K
Market Conditions
NOI Build-Up for 5,204 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
$45.6K $8.76/SF
− Vacancy
−$4.1K −$0.78/SF
EGI
$41.5K $7.98/SF
− OpEx
−$6.2K −$1.20/SF
NOI
$35.3K $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%
$706,000
Cap Rate 7%
$504,286
Cap Rate 9%
$392,222
Alternative Uses
Best Use
Warehouse
$504.3K
$441.3K – $588.3K
NOI $35,300 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$415.3K
$363.4K – $484.5K
NOI $29,071 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,664 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Balanced
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 Industrial 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?
Flex space - Combined condominium units offer air-conditioned industrial space with drive-in access and flexible operational utility.
Where is this flex space located?
The property is located at 2100 N RONALD REAGAN Boulevard Longwood, FL.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: Three flex/warehouse condominium units totaling 5,204 square feet; Fully air‑conditioned warehouse space with three drive‑in roll‑up doors; Approximately 18' clear height at the eaves and 22.33' at the peak
