15-Unit Automotive
For Sale
$1,239,000
531 N US HIGHWAY 17 92, Longwood, FL 32750
Renovated C-2 commercial property serving auto dealers along a major North Orlando corridor.
Property Size3,460 SF
Days on Market155
Property Features for 531 N US HIGHWAY 17 92
General Information
Standard status
Active
Size
3,460 SF
Property subtype
Commercial
Zoning
C-2
Net Operating Income
$123,900
Financials
Asking Price
$1,239,000
Cap Rate
10%
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,553
Building Details
Building Size
3,460 SF
Year Built
1973
Buildings
1
Tenancy
Multi
Listing Agency:
REALTY HUB
(407) 590-5515
Listed By:
DuNaMis Dunn
(407) 590-5515
Source:
Mbifloridarealty
Added: Mar 11
Changed: Aug 7
Last Checked: Aug 12 at 12:16PM
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 REALTY HUB
Investment Insights
Based on property information with market context.
This 15-unit automotive-oriented retail building was built in 1973 and recently renovated. Interior finishes include LVP and tiled flooring, with no carpet throughout the building. The property is zoned C-2 and is occupied by auto dealer tenants, supporting an automotive commercial use profile.
The site fronts six lanes of US Hwy 17-92 in Longwood, within the North Orlando area. AutoNation Auto Auction and Orlando Longwood Auto Auction are both described as walkable from the property, placing the building near established automotive auction activity. The existing configuration may also accommodate an owner-user seeking space for an automotive dealership, subject to applicable approvals.
The site fronts six lanes of US Hwy 17-92 in Longwood, within the North Orlando area. AutoNation Auto Auction and Orlando Longwood Auto Auction are both described as walkable from the property, placing the building near established automotive auction activity. The existing configuration may also accommodate an owner-user seeking space for an automotive dealership, subject to applicable approvals.
Key Highlights
- 15‑unit retail building occupied by auto dealer tenants
- Frontage on 6 lanes of US Hwy 17‑92
- C‑2 zoning
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
$67,943
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
5.48%
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%
$1,358,860
$1.4M
Cap Rate 7%
$970,614
$970.6K
Cap Rate 9%
$754,922
$754.9K
Market Conditions
NOI Build-Up for 3,460 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
$100.5K $29.04/SF
− Vacancy
−$3.4K −$0.99/SF
EGI
$97.1K $28.05/SF
− OpEx
−$29.1K −$8.42/SF
NOI
$67.9K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /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%
$1,358,860
Cap Rate 7%
$970,614
Cap Rate 9%
$754,922
Alternative Uses
Best Use
Retail
$970.6K
$849.3K – $1.13M
NOI $67,943 @ 7.0% cap · market cap 5.48%
Second Best
Industrial
$276.1K
$241.6K – $322.1K
NOI $19,328 @ 7.0% cap · market cap 1.56%
Theoretical Best
Office A
$984.6K
$861.5K – $1.15M
NOI $68,923 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
60k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 13%
Groceries 8%
McDonald's
Dining
27,506 visits/mo
0.4 miles
Starbucks
Dining
15,480 visits/mo
0.4 miles
Save-A-Lot
Groceries
4,701 visits/mo
0.4 miles
Burger King
Dining
4,381 visits/mo
0.3 miles
Public Storage
Shops & Services
2,573 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Enterprise Rent-A-Car — 327 n 17-92 hwy, longwood, fl 32750
- Z Tech — 529 N US Hwy 17 92, Longwood, FL 32750
- U-Haul Neighborhood Dealer — 1095 W State Rd 434, Winter Springs, FL 32708
- Hertz Car Rental - Longwood - State Road 434 HLE — 541 E State Rd 434, Longwood, FL 32750
- Hertz Truck Rental - Longwood Box Truck Rentals — 541 E State Rd 434, Longwood, FL 32750
Frequently Asked Questions
What type of property is this?
Automotive property - Renovated C-2 commercial property serving auto dealers along a major North Orlando corridor.
Where is this automotive property located?
The property is located at 531 N US HIGHWAY 17 92 Longwood, FL.
What is the asking price?
The asking price for this property is $1,239,000.
What are key features of this property?
This property features: 15‑unit retail building occupied by auto dealer tenants; Frontage on 6 lanes of US Hwy 17‑92; C‑2 zoning
