Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Property on Ronald Reagan Title is generated by Realmo AI

    1604 N Ronald Reagan Blvd, Longwood, FL 32750

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial property with frontage and access to major roadways.

    Type:Retail, Office, Industrial
    Added:
    Jul 15, 2024
    Days on Market:
    688
    Last Refresh:
    May 12 at 8:35 pm

    Property Features for 1604 N Ronald Reagan Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Industrial

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 1604 N Ronald Reagan Blvd Contact us

    Suite 1640 $12/Mo

    Size
    1,730 SF
    Type
    Industrial
    Lease Rate: $12.00 SF/yr (NNN)
    Contact us

    We can help!

    Listing Contact
    Brock Holston

    Listing agent Brock Holston License #SL3512193

    Listing office Lee & Associates - Orlando

    Listing date Jul 15, 2024

    Source Crexi

    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

    HighLights

    • Extensive frontage on N Ronald Reagan Blvd
    • Brand new façade and interior buildout
    • Functional office/showroom to warehouse layout
    • Loading in the rear
    • Excellent access to I‑4, SR 434, Lake Mary Boulevard, and SR 417
    • Optional signage on monument

    Overview

    This commercial property features frontage on N Ronald Reagan Blvd and offers the option for signage on a monument located in the center. The building provides double access to either side. The property includes a new facade and interior buildout, featuring a functional office/showroom to warehouse layout with loading access in the rear. The retail property has frontage on Ronald Reagan Boulevard and provides access to I-4, SR 434, Lake Mary Boulevard, and SR 417.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Sweet Adventures The Original Shaved Ice — 853 Waterway Pl, Longwood, FL 32750
    • Creative Cooking LLC — 108 Baywood Ave #100, Longwood, FL 32750

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.3402717
    Latitude
    28.7170429

    Nearby Similar for Lease

    • $20 SF/Yr
      2,054 SF

      Flex Warehouse in Longwood

      Flex warehouse unit with office space in accessible location.
      2100 N RONALD REAGAN BOULEVARD, LONGWOOD, FL 32750
      View Details
    • $10,417/Mo
      5,000 SF

      Longwood Mixed-Use Flex Space

      5000 SF flex space in Longwood's Station Workshop District.
      210 E PALMETTO AVENUE, LONGWOOD, FL 32750
      View Details
    • $4,219/Mo
      3,750 SF

      Longwood Warehouse with Bay Doors

      Warehouse space in Longwood, near Sun Rail and highways.
      220 E PALMETTO AVENUE, LONGWOOD, FL 32750
      View Details
    • $3,500/Mo
      1,800 SF

      Longwood Office Building with Storage

      Versatile office building with flexible space and convenient storage.
      1130 N RONALD REAGAN BOULEVARD, LONGWOOD, FL 32750
      View Details
    • $20 SF/Yr
      3,000 SF

      Longwood Office Building For Rent

      Class B office building in Longwood, near I-4 corridor.
      330 HARBOUR ISLE WAY, LONGWOOD, FL 32750
      View Details
    • $8 SF/Yr
      510 SF

      Renovated Suites in Longwood Location

      Move-in-ready suites ideal for beauty, health, and professional services.
      587 E STATE ROAD 434, LONGWOOD, FL 32750
      View Details
    • $20 SF/Yr
      1,500 SF

      Longwood Office Space For Rent

      Class B office building in desirable Longwood submarket.
      330 HARBOUR ISLE WAY, LONGWOOD, FL 32750
      View Details
    • $20 SF/Yr
      5,004 SF

      LONGWOOD Office Building For Rent

      Class B office building in Longwood, convenient location.
      330 HARBOUR ISLE WAY, LONGWOOD, FL 32750
      View Details
    • $15 SF/Yr
      1,064 SF

      Industrial Space in Longwood, FL

      1,064 SF industrial unit for lease in Longwood.
      1649 TIMOCUAN WAY, LONGWOOD, FL 32750
      View Details
    • $14 SF/Yr
      16,080 SF

      Longwood Office Space For Rent

      Office space in Longwood, near I-4 and 434.
      1920 BOOTHE CIRCLE, LONGWOOD, FL 32750
      View Details
    • $125,004 SF/Yr
      5,000 SF

      Longwood Flex Space Available

      5000 sqft flex/warehouse space near SunRail Station.
      210 E PALMETTO Ave, Longwood, FL 32750
      View Details
    • $2.00 SF/Yr
      15,640 SF

      Longwood Office Building For Rent

      Two-story office building with units available near transit.
      254 S RONALD REAGAN Blvd 132, Longwood, FL 32750
      View Details

    FAQs

    What type of property is this?
    Flex space - Commercial property with frontage and access to major roadways.
    Where is this flex space located?
    The property is located at 1604 N Ronald Reagan Blvd Longwood, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Extensive frontage on N Ronald Reagan Blvd; Brand new façade and interior buildout; Functional office/showroom to warehouse layout
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brock Holston
    Real Estate License ID: SL3512193
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1604 N Ronald Reagan Blvd, Longwood, FL 32750
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!