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    1054 17-92 Hwy Longwood, FL 32750
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    1054 17-92 Hwy, Longwood, FL 32750

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    • Retail properties & Spaces
    • 2,775 SF
    • 0.91 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1054 17-92 Hwy

    Lot size
    0.91 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Auto shops

    Description

    This exceptional investment opportunity presents a vacant, 2,775-square-foot auto shop situated on a 0.91-acre lot in Longwood, Florida. Located on the highly visible Hwy 17-92, this C-Class property boasts three structures, including three service bays and a well-appointed office. The property features ample outdoor storage, easily accommodating over 90 vehicles, making it ideal for a car lot, boat sales, or towing facility. The C-2 zoning allows for a variety of uses. Two convenient access points are available, one directly on Hwy 17-92 and another on Raven Avenue. Security features include a fenced perimeter, security cameras, and ample lighting. This property benefits from a prime location on "car dealer row," between SR 434 and Ronald Reagan Blvd, ensuring high visibility and traffic. The asking price is $1,125,000, translating to $405.41 per square foot. A separate boat business is available for purchase at an additional cost. This is a rare opportunity to acquire a well-established and strategically located commercial property in a thriving area. Don't miss out on this chance to own a piece of Longwood's bustling automotive landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.3255
    Latitude
    28.7144

    Comparable in this City

    • Value Estimation by Request
      4,350 SF

      806-806 State Road 434

      Automotive properties
      806-806 State Road 434, Longwood, FL 32750
      View Details
    • Value Estimation
      $1,910,000
      6,100 SF

      2095 Ronald Reagan Blvd

      AUTO REPAIR, GARAGE
      2095 Ronald Reagan Blvd, Longwood, FL 32750-3506
      View Details
    • Value Estimation
      $3,370,000
      16,220 SF

      2350 Us Hwy 17th 92

      AUTO REPAIR, GARAGE
      2350 Us Hwy 17th 92, Longwood, FL 32750-6570
      View Details
    • Value Estimation by Request
      1,200 SF

      1531 Frst Ave

      AUTO REPAIR, GARAGE
      1531 Frst Ave, Longwood, FL 32750-6424
      View Details
    • Value Estimation
      $775,000
      1,530 SF

      555 Us Hwy 17th 92

      AUTO REPAIR, GARAGE
      555 Us Hwy 17th 92, Longwood, FL 32750-4404
      View Details
    • Value Estimation
      $2,045,000
      4,680 SF

      1775 Us Hwy 17th 92

      AUTO REPAIR, GARAGE
      1775 Us Hwy 17th 92, Longwood, FL 32750-6542
      View Details

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      Commercial Property on High-Traffic Road

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      1,730 SF

      Longwood Showroom/Warehouse with Frontage

      Showroom/warehouse with frontage and functional layout in Longwood, Florida.
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      Retail Space on State Road

      Retail space for lease with high visibility and traffic.
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      Prominent retail center with high visibility and traffic counts.
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    Longwood, FL 32750
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    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
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