Five-Unit Mixed-Use
New
For Sale
$2,750,000
585 S RONALD REAGAN Boulevard, Longwood, FL 32750
Commercial Sale, LONGWOOD, FL
Property Size14,040 SF
Lot Size1.62 Acres
Price / SF$199.28
Days on Market2
Property Features for 585 S RONALD REAGAN Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Directions
Get on I-4 Express Take exit 92 from I-4 E Follow FL-436 E/E Altamonte Dr and S Ronald Reagan Blvd to Overstreet Ave in Longwood to 585 S ronald Reagan Blvd.
Subdivision
32750 - Longwood East
Standard status
Active
APN
05-21-30-300-005A-0000
Size
13,800 SF
Lot size
1.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 05 TWP 21S RGE 30E BEG 130 FT N OF SW COR OF NW 1/4 RUN N 201.5 FT E 559 FT S 200.91 FT W 559 FT TO BEG (LESS E 100 FT & LESS RD ON W & N 20 FT FOR RD)
Tax Annual Amount
25354
Legal Description
SEC 05 TWP 21S RGE 30E BEG 130 FT N OF SW COR OF NW 1/4 RUN N 201.5 FT E 559 FT S 200.91 FT W 559 FT TO BEG (LESS E 100 FT & LESS RD ON W & N 20 FT FOR RD)
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1999
Floors in Building
1
Building materials
Block
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
Listed By:
Mark Allen
(407) 737-9797
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 4:06PM
MLS# O6449224
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.
Built in 1999, this block-construction mixed-use property contains five units. Two are occupied: one by a child care and church tenant and another by a call center. The other three units are vacant and available for lease. Unit 121 has new HVAC, and the child care and church space is the only unit with a sprinkler system.
A rubber membrane roof coating was installed in 2023. The property sits on 1.62 acres, has GC zoning, central air, and public sewer.
A rubber membrane roof coating was installed in 2023. The property sits on 1.62 acres, has GC zoning, central air, and public sewer.
Key Highlights
- Five units; two occupied and three vacant and available for lease
- 1.62‑acre site with GC zoning
- Rubber membrane roof coating installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,160
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,643,200
$3.6M
Cap Rate 7%
$2,602,286
$2.6M
Cap Rate 9%
$2,024,000
$2.0M
Market Conditions
NOI Build-Up for 13,800 SF
Gross rent
$331.2K $24.00/SF
− Vacancy
−$39.7K −$2.88/SF
EGI
$291.5K $21.12/SF
− OpEx
−$109.3K −$7.92/SF
NOI
$182.2K $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%
$3,643,200
Cap Rate 7%
$2,602,286
Cap Rate 9%
$2,024,000
Alternative Uses
Best Use
Mixed Use
$2.60M
$2.28M – $3.04M
NOI $182,160 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.93M
$3.44M – $4.58M
NOI $274,896 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Office units
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three units are vacant and available for lease, while two currently have tenants.
Where is this mixed-use property located?
The property is located at 585 S RONALD REAGAN Boulevard 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; two occupied and three vacant and available for lease; 1.62‑acre site with GC zoning; Rubber membrane roof coating installed in 2023
