Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    587 State Road 434 Longwood, FL 32750
    Back to Search
    Property profile & analytics

    587 State Road 434, Longwood, FL 32750

    View on Map
    • Office Spaces
    • 75,720 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Orlando Health Physicians Family Medicine Group / Medical Clinic
    • Ms. Alexandra Benitez / Physician
    • KAZI W. AHMAD / Physician
    • Integumentary Physiotherapy Clinic / Medical Clinic

    Property Details for 587 State Road 434

    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional three-story medical office building, located at 587 E State Rd 434 in Longwood, Florida (zip code 32750), offers a prime opportunity for medical professionals seeking flexible and modern workspace. The Longwood Office Park boasts a total of 75,720 square feet, with 50,000 square feet currently available for lease. Multiple tenancy options are available, accommodating businesses of various sizes. Spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 25,000 square feet, providing ample flexibility for expansion or consolidation. The building is situated in Seminole County and offers convenient access to major roadways, ensuring easy commutes for both staff and patients. This is an ideal location for medical practices seeking a well-established and easily accessible office space in a thriving community. The property's strategic location and ample square footage make it an attractive investment for those seeking to establish or expand their medical practice in a vibrant and growing area of Central Florida. Interested parties are encouraged to inquire about available space and lease terms. The property is categorized as a medical office building and is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.3366
    Latitude
    28.6989

    Comparable in this City

    • Value Estimation by Request
      9,000 SF

      451 Milwee St

      Medical Office Space
      451 Milwee St, Longwood, FL 32750
      View Details
    • Value Estimation by Request
      55,290 SF

      515 State Road 434

      Medical Office Space
      515 State Road 434, Longwood, FL 32750
      View Details
    • Value Estimation by Request
      30,000 SF

      954 State Road 434

      Office Units
      954 State Road 434, Longwood, FL 32750
      View Details
    • Value Estimation by Request
      15,915 SF

      225 State Road 434

      Medical Office Space
      225 State Road 434, Longwood, FL 32750
      View Details
    • Value Estimation by Request
      15,000 SF

      1912 Boothe Cir

      Office Units
      1912 Boothe Cir, Longwood, FL 32750
      View Details
    • Value Estimation by Request
      6,795 SF

      583 State Road 434

      Medical Office Space
      583 State Road 434, Longwood, FL 32750
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Longwood Two-Story Office/Medical Condo

      Two-story office/medical condo in Longwood Office Park for sale.
      583 E State Road 434, Longwood, FL 32750
      View Details
    • Contact for pricing
      3,508 SF

      Longwood Office Space Available

      3,508 SqFt office space for sale in Longwood, Florida.
      150 W Jessup Ave, Longwood, FL 32750
      View Details
    • Contact for pricing

      Longwood Flex Space Available Now

      5,000 SF flex space with office and warehouse components.
      751 Fleet Financial Ct, Longwood, FL 32750
      View Details
    • $1,600,000
      Pending

      Renovated Flex Space in Longwood

      Renovated flex space with office and warehouse functionality.
      265 Hunt Park Cv, Longwood, FL 32750
      View Details
    • $700,000

      Longwood Flex Space For Sale

      3,230 SF flex space with offices and warehouse door.
      2005 Tree Fork Ln, Longwood, FL 32750
      View Details
    • Contact for pricing
      1,697 SF

      Longwood Office Space For Sale

      Office space available in Longwood, Florida, spanning 1,697 square feet.
      138 W Jessup Ave, Longwood, FL 32750
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo

      Harbor Bend

      Professional Office Suite
      2989 W Sr 434, Longwood, FL 32750
      View Details
    • Contact for pricing

      Longwood Office and Medical Spaces

      Office and medical spaces for lease near major thoroughfares.
      282 Short Ave, Longwood, FL 32750
      View Details
    • Contact for pricing
      870 SF

      Medical Office Space Available

      870 SF medical office space for lease.
      282 Short Ave, 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 Blvd, Longwood, FL 32750
      View Details
    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.
    587 State Road 434
    Longwood, FL 32750
    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
    587 State Road 434, 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!