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    801 State Road 434 Longwood, FL 32750

    For Sale
    $4,023,467

    High-Yield Bank Property, Excellent Location

    Property size:
    5,904 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This fee-simple, absolute NNN-leased Truist Bank in Longwood, Florida, presents a compelling investment opportunity. Boasting a 6.75% cap rate, the 5,904 square foot property sits on a 1.45-acre lot at a signalized intersection with over 27,000 vehicles daily. The 20-year lease, commencing July 25, 2007, and expiring July 31, 2027, includes two five-year options and 10% rent bumps every five years. The property, built in 1974 and renovated in 2008 and 2022, benefits from a strong tenant, Truist Bank, with deposits exceeding $113 million in 2023. Its prime location is surrounded by numerous colleges and universities, including Freedom State University, Seminole State College, Troy University, and Rasmussen University, as well as hospitals like Mid Florida Hospital and Orlando Health South. The asking price is $4,023,467, representing a price per square foot of $681.48. The property's strong tenant, location, and lease terms make it an attractive investment with significant intrinsic value. The current NOI is $271,584. This single-story building features a drive-thru. The property is located in the Orlando-Kissimmee-Sanford Metropolitan Statistical Area.

    Property Features for 801 State Road 434

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,904 SF
    Lot Size
    63,162 SF

    Building Details

    Year Built/Renovated
    1974/2008
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Fee‑simple, absolute NNN ground lease with Truist Bank; recent lease extension.
    • Longwood, FL location in the Orlando‑Kissimmee‑Sanford MSA.
    • Strong tenant deposits exceeding $113 million in 2023.
    • Signalized intersection location with over 27,000 vehicles per day.
    • 1.45‑acre parcel with drive‑thru; high intrinsic value.
    • Surrounded by numerous colleges and universities, including Freedom State University, Seminole State College, Troy University, and Rasmussen University.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dunkin' Donut Shop Truist Mortgage Mortgage Lender Truist Bank Nelahtem Animal Experts Animal Protection Organization Cameron V Decker ... Mortgage Lender

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.333623
    Latitude
    28.6983885

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Bank Property, Excellent Location
    Where is this individual retail property located?
    The property is located at 801 State Road 434 Longwood, FL.
    What is the asking price?
    The asking price for this property is $4,023,467.
    What are key features of this property?
    This property features: Fee-simple, absolute NNN ground lease with Truist Bank; recent lease extension.; Longwood, FL location in the Orlando-Kissimmee-Sanford MSA.; Strong tenant deposits exceeding $113 million in 2023.
    Request Owner's contact information
    801 State Road 434 Longwood, FL 32750
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    Longwood, FL 32750
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    Realmo Value Estimation

    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.

    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.

    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
    801 State Road 434 Longwood, FL 32750
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