Concrete Block Income
For Sale
$249,000
6835 LONGMEADE LANE, Orlando, FL 32822
Three-bedroom residence with an enclosed lot and convenient access to Orlando-area transportation routes.
Property Size1,022 SF
Price / SF$243.64
Days on Market55
Property Features for 6835 LONGMEADE LANE
General Information
Standard status
Active
Size
1,022 SF
Property subtype
Half Duplex
Amenities
0.09 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 15-23-30-5566-00-301, Public Survey Range: 30, Public Survey Section: 15, Annual Amount: $2,944, Tax Block: 00, Tax Book Number: 10-62, Legal Description: MEADOW COVE UNIT 2 10/62 THE E 1/2 LOT 30, Lot: 30, Year: 2025, Zoning: R-2
Tile
Central Air
Electric
Electric Dryer Hookup, Washer Hookup
Listing ID: MFRO6423743, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-07-10, 51 days on market, Special Conditions: None
Elementary School: Three Points Elem, Middle School: Liberty Middle, High School: Colonial High
3 total bedrooms
Built in 1981, Living area: 1022, Living area units: Square Feet, Building faces South, Levels: One, Construction Materials: Block, Concrete
Subdivision: MEADOW COVE, MLS Area (Major): 32822 - Orlando/Ventura, County/Parish: Orange
1 total bathroom, 1 full bathroom
Electricity Connected, Water Connected, Water Source: Public
Slab
Road Surface: Paved
Sidewalk
Thermostat
Dishwasher, Range, Refrigerator
Building Details
Year Built
1981
Listing Agency:
CREEGAN GROUP
(407) 622-1111
Listed By:
Timothy W Boon, PLLC · License #3277151
(321) 246-7930
Source:
Miharaandassociates
Added: Jul 10
Changed: Sep 2
Last Checked: Sep 1 at 5:15PM
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 CREEGAN GROUP
Investment Insights
Based on property information with market context.
This other residential income property is a concrete block residence containing three bedrooms and one bathroom. The home offers 1,022 square feet, an enclosed lot, and a 1981 construction date.
The property is located in Orlando, Florida, near Orlando International Airport and within a short drive of State Roads 408, 417, and 528. Nearby destinations include Publix, Miller's Ale House, Turnbull Park, and Ventura Country Club, which features an 18-hole golf course, restaurant, and resort-style amenities.
The property is located in Orlando, Florida, near Orlando International Airport and within a short drive of State Roads 408, 417, and 528. Nearby destinations include Publix, Miller's Ale House, Turnbull Park, and Ventura Country Club, which features an 18-hole golf course, restaurant, and resort-style amenities.
Key Highlights
- 3‑bedroom, 1‑bath concrete block residence
- 1,022 square feet on an enclosed lot
- Built in 1981
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
$13,173
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
5.29%
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%
$263,460
$263.5K
Cap Rate 7%
$188,186
$188.2K
Cap Rate 9%
$146,367
$146.4K
Market Conditions
NOI Build-Up for 1,022 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
$25.8K $25.20/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$24.0K $23.44/SF
− OpEx
−$10.8K −$10.55/SF
NOI
$13.2K $12.89/SF
Area
ZIP 32822
Vacancy
7.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$263,460
Cap Rate 7%
$188,186
Cap Rate 9%
$146,367
Alternative Uses
Best Use
Apartment 5plus
$188.2K
$164.7K – $219.6K
NOI $13,173 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 32822, FL
64,120
Population
27,437
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
13.6 sq mi
ZIP Area
4,715
Density / Sq Mi
$52,944
Median Household Income
$31,368
Median Earnings
$1,609
Median Rent
$222,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with an enclosed lot and convenient access to Orlando-area transportation routes.
Where is this residential income property located?
The property is located at 6835 LONGMEADE LANE Orlando, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 3‑bedroom, 1‑bath concrete block residence; 1,022 square feet on an enclosed lot; Built in 1981
