Two-Story Flex
For Sale
Contact for pricing
685 South Ronald Reagan Boulevard, Longwood, FL 32750
Hybrid office and warehouse property with separate entrances, air-conditioned work areas, and individually metered systems.
Property Size14,705 SF
Price / SF$193.81
Days on Market170
Property Features for 685 South Ronald Reagan Boulevard
General Information
Standard status
Active
Size
14,705 SF
Class
A
Total Parking Spaces
52
Property subtype
Office, Industrial
Zoning
Neighborhood Commercial
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
5,300 SF
Office Build-Out
9,505 SF
Drive-In Doors
2
Sprinkler System
Yes
Conditioned Warehouse
Yes
Amenities
ADA-compliant access
separate entrances
individually metered systems
Building Details
Year Built
2004
Buildings
1
Stories
2
Building Size
14,705 SF
Construction
tilt-wall
Listing Agency:
Lee & Associates - Orlando
Listed By:
Derek Riggleman · License #FL #SL3245233
(407) 456-3463
Source:
Crexi
Added: Apr 28
Changed: Oct 4
Last Checked: Oct 12 at 5:06PM
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 Lee & Associates - Orlando
Investment Insights
Based on property information with market context.
This two-story flex property combines 9,505 square feet of executive-style office space with 5,300 square feet of fully air-conditioned warehouse area, creating 14,705 square feet of integrated commercial space. The tilt-wall building was constructed in 2004 and includes 14-foot clear height, two grade-level roll-up doors, and a full fire-suppression system.
The property provides 52 parking spaces, ADA-compliant access, and separate entrances that support multi-tenant or dual-use configurations. Individually metered systems add operational separation, while Neighborhood Commercial zoning provides the stated land-use designation for the asset.
The property provides 52 parking spaces, ADA-compliant access, and separate entrances that support multi-tenant or dual-use configurations. Individually metered systems add operational separation, while Neighborhood Commercial zoning provides the stated land-use designation for the asset.
Key Highlights
- 14,705 SF two‑story flex facility constructed in 2004
- 9,505 SF of office space and 5,300 SF of fully air‑conditioned warehouse
- 14' clear height with two grade‑level roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,693
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,393,860
$4.4M
Cap Rate 7%
$3,138,471
$3.1M
Cap Rate 9%
$2,441,033
$2.4M
Market Conditions
NOI Build-Up for 14,705 SF
Gross rent
$352.9K $24.00/SF
− Vacancy
−$60.0K −$4.08/SF
EGI
$292.9K $19.92/SF
− OpEx
−$73.2K −$4.98/SF
NOI
$219.7K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,393,860
Cap Rate 7%
$3,138,471
Cap Rate 9%
$2,441,033
Alternative Uses
Best Use
Office B
$3.14M
$2.75M – $3.66M
NOI $219,693 @ 7.0% cap · market cap 7.71%
Second Best
Warehouse
$1.42M
$1.25M – $1.66M
NOI $99,749 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$4.18M
$3.66M – $4.88M
NOI $292,924 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Well-served
Demand for This Use
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Hybrid office and warehouse property with separate entrances, air-conditioned work areas, and individually metered systems.
Where is this flex space located?
The property is located at 685 South Ronald Reagan Boulevard Longwood, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 14,705 SF two‑story flex facility constructed in 2004; 9,505 SF of office space and 5,300 SF of fully air‑conditioned warehouse; 14' clear height with two grade‑level roll‑up doors
