Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    164 Hope St Longwood, FL 32750
    Back to Search
    Property profile & analytics

    164 Hope St, Longwood, FL 32750

    View on Map
    • Warehouses
    • 18,081 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Classic Deli Provisions Co / Food Market / Restaurant
    • German Motorwerks Inc / Auto Repair Shop

    Property Details for 164 Hope St

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 18,081-square-foot warehouse property, located at 164 Hope St in Longwood, Florida (zip code 32750), presents a compelling investment opportunity. The building, constructed in 1999, boasts a desirable blend of warehouse and office space. The warehouse area encompasses 11,000 square feet of cooler space, featuring a large cooler with 15'2" ceilings and a smaller cooler with 8' ceilings. In addition to the cooler space, there is an additional 3,956 square feet of standard warehouse space. The property also includes 3,125 square feet of well-appointed office space, ideal for administrative functions or tenant occupancy. Access is facilitated by seven grade-level doors and one dock door, ensuring efficient loading and unloading. The property benefits from robust 3-phase 12/480-volt power, supporting a variety of operational needs. The asking price is $2,750,000, translating to $152.09 per square foot. The property's 2022 tax assessment was $17,662.73. This warehouse offers a unique combination of features and functionality, making it an attractive prospect for businesses seeking a versatile and well-equipped space in a prime Longwood location. The property's clear height of 18 feet in the main warehouse area provides ample vertical space for storage and operations. This well-maintained property 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
    -81.3571
    Latitude
    28.6953

    Comparable in this City

    • Value Estimation by Request
      2,680 SF

      2120 Ronald Reagan Blvd

      Distribution properties
      2120 Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • Value Estimation by Request

      975 Florida Central Pkwy

      Distribution properties
      975 Florida Central Pkwy, Longwood, FL 32750
      View Details
    • Value Estimation by Request
      1,941 SF

      2005 Tree Fork Ln

      Distribution properties
      2005 Tree Fork Ln, Longwood, FL 32750
      View Details
    • Value Estimation by Request
      42,761 SF

      556 Florida Central Pkwy

      Distribution properties
      556 Florida Central Pkwy, Longwood, FL 32750
      View Details
    • Value Estimation by Request

      490 Fl-434

      Distribution properties
      490 Fl-434, Longwood, FL 32750
      View Details
    • Value Estimation by Request
      6,000 SF

      1844 Longwood Lake Mary Rd

      Distribution properties
      1844 Longwood Lake Mary Rd, Longwood, FL 32750
      View Details

    Similar Nearby for Sale

    • $6,937,000
      Pending

      Updated Warehouse in Longwood, Florida

      46,560 SF updated warehouse on 2.5 acres in Longwood.
      1356 Bennett Dr, Longwood, FL 32750
      View Details
    • Contact for pricing

      Industrial Building with Covered Overhang

      4,059 SF industrial building with 2,400 SF covered overhang.
      321 Dane Ln, 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

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building with Secured Storage

      18,000 SF industrial building on 1.7 acres for lease.
      900 Recycling Pt, Longwood, FL 32750
      View Details
    • Contact for pricing

      Commercial Property on High-Traffic Road

      Two-unit commercial property with flexible uses and high visibility.
      565 Us Highway 17 92, Longwood, FL 32750
      View Details
    • $56,256

      Longwood Warehouse with Bay Doors

      Warehouse space in Longwood with bay door access.
      220 E Palmetto Ave, Longwood, FL 32750
      View Details
    • $125,004

      Longwood Flex Space Available

      5000 sqft flex/warehouse space near SunRail Station.
      210 E Palmetto Ave, Longwood, FL 32750
      View Details
    • Contact for pricing

      Commercial Property on Ronald Reagan

      Commercial property with frontage and access to major roadways.
      1604 N Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • Contact for pricing

      Functional Industrial Space in Longwood

      19,734 SF industrial space with office build-out for lease.
      1155 Charles St, 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.
    164 Hope St
    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
    164 Hope St, 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!