Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Longwood Two-Story Office/Medical Condo Title is generated by Realmo AI

    583 E State Road 434, Longwood, FL 32750

    View on Map
    Claim this Listing
    For Sale
    $1,100,000

    Two-story office/medical condo in Longwood Office Park for sale.

    Type:OFC, OFC-MED
    Property size:
    6,795 SF
    Lot size:
    4.54 Acres
    Price / SF:
    $161/SF
    Added:
    Apr 18, 2024
    Days on Market:
    774
    Last Refresh:
    Apr 3 at 4:54 am

    Property Features for 583 E State Road 434

    General Information

    Standard status
    Active
    Size
    6,795 SF
    Lot size
    4.54 Acres
    Property subtype
    OFC, OFC-MED

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Ralph Savage

    Listing agent Ralph Savage

    Listing office Savage Properties, Incorporated

    Listing date Apr 18, 2024

    Source Realnex

    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 Savage Properties, Incorporated

    HighLights

    • Two‑story office/medical condo building with a total of 6795 SF +/-.
    • Located directly on E SR 434 in Longwood Office Park, Longwood, FL.
    • Both first (3000 SF +/-) and second (3000 SF +/-) floor units are vacant and available.
    • First floor lobby area can be used as a waiting area.
    • Professionally managed by InVenture Commercial Group, LLC.
    • Monthly association dues are $327.47 per unit (x2) for 2026.

    Overview

    For sale is a two-story office/medical condominium building with an approximate area of 6795 square feet, situated at 583 E SR 434, Longwood, FL 32750. The building is located in the Longwood Office Park (LOP) within the City of Longwood, fronting directly on E. SR 434. The site spans 4.54 acres. The first floor unit offers approximately 3000 square feet and is currently vacant. The owner can utilize the first-floor lobby area as a waiting area. The square footage of the lobby is not included in the condo units. The Tax ID for the first-floor unit is # 32-20-30-525-5830-1000. The second-floor unit also provides approximately 3000 square feet and is currently vacant. The Tax ID for the second-floor unit is # 32-20-30-525-5830-2000. Monthly association dues for the LOP are $327.47 per unit (2) for 2026. The development consists of three condominium buildings, totaling approximately 87,000 square feet, and is professionally managed by InVenture Commercial Group, LLC.
    Location Intelligence

    Current Use by Public Records

    wth technologies group Electrical Service Family Dermatology of Longwood Physician Cannabidiol Life (Bike/Boat/Book/etc) Store THCGummies.com (Bike/Boat/Book/etc) Store Dr. Enid Burnett Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 434 Animal Hospital — 212 E State Rd 434, Longwood, FL 32750
    • Spay N Save — 988 N Ronald Reagan Blvd, Longwood, FL 32750
    • Animal Eye Association PA — longwood, fl 32750

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.336537
    Latitude
    28.698514

    Nearby Similar for Sale

    • $1,799,000
      7,675 SF

      Versatile Estate on Usable Acres

      Spacious Longwood estate suitable for residential, institutional, or community use.
      1498 MARKHAM WOODS ROAD, LONGWOOD, FL 32779
      View Details
    • $1,600,000
      8,514 SF

      Renovated Flex Space in Longwood

      Renovated flex space with office and warehouse functionality.
      265 HUNT PARK COVE, LONGWOOD, FL 32750
      View Details
    • $405,000
      2,542 SF

      Longwood Duplex: Income Potential

      Income-producing duplex in Longwood, near shopping, dining, and transportation.
      737 E CHURCH AVENUE, LONGWOOD, FL 32750
      View Details
    • $1,870,000
      7,600 SF

      Versatile Estate on Usable Acres

      Adaptable estate for residential, institutional, or community-focused use.
      1498 MARKHAM WOODS Rd, Longwood, FL 32779
      View Details
    • $700,000
      3,230 SF

      Longwood Flex Space For Sale

      3,230 SF flex space with offices and warehouse door.
      2005 TREE FORK Ln 113, Longwood, FL 32750
      View Details
    • $2,800,000

      Longwood Office Investment Portfolio

      Office investment opportunity in Longwood, Florida with excellent visibility.
      1404 & 1436 N RONALD REAGAN Blvd, Longwood, FL 32750
      View Details
    • $11
      5,000 SF

      Longwood Flex Space Available Now

      5,000 SF flex space with office and warehouse components.
      751 Fleet Financial Court, Longwood, FL 32750
      View Details
    • $495,000
      2,632 SF

      Longwood Duplex on Corner Lot

      Large duplex on a corner lot with new roof.
      895 PASADENA AVENUE, LONGWOOD, FL 32750
      View Details
    • $1,870,000
      7,675 SF

      Versatile Estate on Usable Acres

      Spacious estate suitable for residential, institutional, or community use.
      1498 MARKHAM WOODS ROAD, LONGWOOD, FL 32779
      View Details
    • $1,599,900
      3,460 SF

      Longwood Commercial Property for Sale

      Commercial property available in Longwood, Florida, totaling 3,460 square feet.
      531 N US HIGHWAY 17 92, LONGWOOD, FL 32750
      View Details
    • $850,000
      2,990 SF

      Freestanding Office Building For Sale

      Freestanding office building with monument signage, available November 2025.
      2135 W State Rd 434, Longwood, FL
      View Details
    • $6,937,000
      46,560 SF

      Updated Warehouse in Longwood, Florida

      46,560 SF updated warehouse on 2.5 acres in Longwood.
      1356 BENNETT DRIVE, LONGWOOD, FL 32750
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Two-story office/medical condo in Longwood Office Park for sale.
    Where is this medical office space located?
    The property is located at 583 E State Road 434 Longwood, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Two‑story office/medical condo building with a total of 6795 SF +/-.; Located directly on E SR 434 in Longwood Office Park, Longwood, FL.; **Both first (3000 SF +/-) and second (3000 SF +/-) floor units are vacant and available.**
    We can help!
    Listing Contact
    Ralph Savage
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    583 E. State Road 434, Longwood, FL 32750
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!