Freestanding Flex Space
For Sale
$1,350,000
221 W State Road 434, Longwood, FL 32750
Versatile commercial facility with private offices, open work areas, bathrooms, a kitchen, and flexible interior space.
Property Size4,549 SF
Lot Size0.63 Acres
Price / SF$296.77
Days on Market13
Property Features for 221 W State Road 434
General Information
Standard status
Active
Size
4,549 SF
Total Parking Spaces
14
Lot size
0.63 Acres
Zoning
Gateway Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1977
Buildings
1
Building Size
4,549 SF
Construction
block
Listing Agency:
DIVERSIFIED REALTY HOLDINGS
(407) 486-8063
Listed By:
James Broadus · License #3064032
Source:
Livewelltampabay
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 28 at 12:32PM
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 DIVERSIFIED REALTY HOLDINGS
Investment Insights
Based on property information with market context.
This freestanding flex space building contains 4,549 square feet on approximately 0.63 acres. The block-constructed property was built in 1977 and has a TPO roof. Its current layout includes six private offices, two large open work areas, three bathrooms, a kitchen, and additional open flex space. The property also provides 14 on-site parking spaces, including one ADA-accessible space.
Positioned along SR 434, the site offers 110 feet of frontage and two SR 434 access points, with additional drive-thru access connecting to W. Pine Ave. Building and pole signage are present. The property is adjacent to an Orlando Health Emergency Department and is within one mile of Ronald Reagan Blvd, Hwy 17-92, and I-4. Gateway Commercial zoning supports the stated office, medical, retail, and child care use potential.
Positioned along SR 434, the site offers 110 feet of frontage and two SR 434 access points, with additional drive-thru access connecting to W. Pine Ave. Building and pole signage are present. The property is adjacent to an Orlando Health Emergency Department and is within one mile of Ronald Reagan Blvd, Hwy 17-92, and I-4. Gateway Commercial zoning supports the stated office, medical, retail, and child care use potential.
Key Highlights
- 4,549 SF freestanding flex space building on 0.63± acres
- 110’ frontage x 254’ depth along SR 434
- Current layout includes 6 private offices, 2 large open work areas, 3 bathrooms, kitchen, and open flex space
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,013
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Indian Delights — 525 S Ronald Reagan Blvd #141, Longwood, FL 32750
- CATERED DELIGHT KITCHEN — 255 S Ronald Reagan Blvd, Longwood, FL 32750
- Hayburner food truck — 383 W State Rd 434, Longwood, FL 32750
- Magic Occasions Catering — 135 W Jessup Ave, Longwood, FL 32750
- Sanders Culinary Creations — 117 E Church Ave, Longwood, FL 32750
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility with private offices, open work areas, bathrooms, a kitchen, and flexible interior space.
Where is this flex space located?
The property is located at 221 W State Road 434 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: 4,549 SF freestanding flex space building on 0.63± acres; 110’ frontage x 254’ depth along SR 434; Current layout includes 6 private offices, 2 large open work areas, 3 bathrooms, kitchen, and open flex space
