5-Unit Mixed-Use
New
For Sale
$2,750,000
585 S Ronald Reagan Boulevard Unit 101, Longwood, FL 32750
Two occupied suites and three vacant units offer a mix of current tenancy and leasing availability.
Property Size14,040 SF
Price / SF$195.87
Days on Market6
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Property Features for 585 S Ronald Reagan Boulevard Unit 101
General Information
Standard status
Active
Size
14,040 SF
Property subtype
Commercial
Building Details
Year Built
1999
Buildings
1
Tenancy
Multi
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
Listed By:
Mark Allen · License #3231641
(407) 207-4000
Source:
Realtygroupfl
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 14 at 10:55PM
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.
Built in 1999, this five-unit mixed-use property in Longwood has two occupied units and three vacant units available for lease. The existing occupants include a child care/church use and a call center. The child care/church unit is the only one in the complex with a sprinkler system, and the call center unit is leased month to month.
A new rubber membrane roof coating was installed in 2023. One vacant unit has new HVAC equipment. The three vacant units are offered on NNN lease terms.
A new rubber membrane roof coating was installed in 2023. One vacant unit has new HVAC equipment. The three vacant units are offered on NNN lease terms.
Key Highlights
- Five units, with two occupied and three available for lease
- Existing occupants include a child care/church use and a call center
- The child care/church unit has the complex's only sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,328
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,706,560
$3.7M
Cap Rate 7%
$2,647,543
$2.6M
Cap Rate 9%
$2,059,200
$2.1M
Market Conditions
NOI Build-Up for 14,040 SF
Gross rent
$337.0K $24.00/SF
− Vacancy
−$40.4K −$2.88/SF
EGI
$296.5K $21.12/SF
− OpEx
−$111.2K −$7.92/SF
NOI
$185.3K $13.20/SF
Area
Seminole County, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,706,560
Cap Rate 7%
$2,647,543
Cap Rate 9%
$2,059,200
Alternative Uses
Best Use
Mixed Use
$2.65M
$2.32M – $3.09M
NOI $185,328 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.66M
NOI $279,677 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,817
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied suites and three vacant units offer a mix of current tenancy and leasing availability.
Where is this mixed-use property located?
The property is located at 585 S Ronald Reagan Boulevard Unit 101 Longwood, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Five units, with two occupied and three available for lease; Existing occupants include a child care/church use and a call center; The child care/church unit has the complex's only sprinkler system
