Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1355 Bennett Dr Longwood, FL 32750-6359

    • Banks
    • 80,000 SF
    • 5.35 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2022
    $10,350,000
    Value Estimations
    $11,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0872032
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Premier Janitorial Supply / Big Box & Wholesale Store / Building Supply
    • Higher Standard Group / Consultant
    • Anchor Floor & Supply Co. LLC / Carpet & Flooring Store / Hardware & Home Improvement
    • Vision Office Interiors / Furniture & Home Goods
    • Longwood Development Center / Real Estate Agency

    Property Details for 1355 Bennett Dr

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    5.35 lot acres
    Property size
    80,000 SF
    Property type
    Banks
    APN
    01-21-29-5CK-750F-0000
    APU
    0121295CK750F0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,865,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.3531
    Latitude
    28.6846
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $139,098
    $0.00
    $0.00
    $8,730,537
    -
    $1,429,736
    $7,300,801
    $8,730,537

    Comparable in this City

    • Value Estimation
      $2,475,000
      16,540 SF

      1625 Timocuan Way

      FINANCIAL BUILDING • 16,540 SF
      1625 Timocuan Way, Longwood, FL 32750-3775
      View Details
    • Value Estimation
      $1,975,000
      13,600 SF

      744 Industry Rd

      FINANCIAL BUILDING • 13,600 SF
      744 Industry Rd, Longwood, FL 32750-3644
      View Details
    • Value Estimation
      $1,915,000
      11,900 SF

      655 Wilma St

      FINANCIAL BUILDING • 11,900 SF
      655 Wilma St, Longwood, FL 32750-4906
      View Details
    • Value Estimation
      $4,475,000
      2,880 SF

      1345 Bennett Dr

      FINANCIAL BUILDING • 2,880 SF
      1345 Bennett Dr, Longwood, FL 32750-7600
      View Details
    • Value Estimation
      $1,325,000
      3,492 SF

      410 Myrtle St, Unit 101

      FINANCIAL BUILDING • 3,492 SF
      410 Myrtle St, Longwood, FL 32750-5200
      View Details
    • Value Estimation
      $1,960,000
      2,892 SF

      120 Us Hwy 17th 92

      FINANCIAL BUILDING • 2,892 SF
      120 Us Hwy 17th 92, Longwood, FL 32750-5708
      View Details

    Similar Nearby for Sale

    • $4,023,467
      5,904 SF

      Longwood Truist Bank Investment

      High-Yield Bank Property, Excellent Location
      801 State Road 434, Longwood, FL 32750
      View Details
    • Contact for pricing
      5,904 SF

      Longwood Bank Branch For Sale

      NNN leased Truist Bank branch with drive-thru in Longwood, FL.
      801 E State Road 434, Longwood, FL 32750
      View Details
    • $975,000
      Pending

      Freestanding Building on High-Traffic Corridor

      Commercial building on 0.38 acres with high visibility.
      1220 N Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • $1,400,000
      5,525 SF

      High-Traffic Longwood Retail Space

      Versatile 5,525 SF Retail Building
      1004 Us Highway 17 92, Longwood, FL 32750
      View Details
    • $800,000
      2.60 Acres

      Prime Longwood Retail Land

      2.6-acre site, high-growth area.
      4005 Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • $740,000
      1,002 SF

      Longwood Automotive/Retail Opportunity

      High-exposure Longwood location with transferable auto sales/repair licenses.
      377 E State Road 434, Longwood, FL 32750
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      38,420 SF

      Baywood Center: Retail & Office Space

      Prime Seminole County retail/office opportunity.
      1604 Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • Contact for pricing
      9,000 SF

      Retail or Restaurant Space Available

      Retail and restaurant spaces available near future townhome development.
      100 Dog Track Rd, Longwood, FL 32750
      View Details
    • $12 SF/Yr

      Retail/Warehouse Space with Extensive Frontage

      Functional retail/warehouse space with new facade and interior buildout.
      1604 N Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • Contact for pricing
      3,047 SF

      Retail/Restaurant/Office Space For Lease

      Retail, restaurant, and office spaces available for lease.
      252 W State Road 434, Longwood, FL 32750
      View Details
    • Contact for pricing
      40,000 SF

      Longwood Retail Corner Lot

      Prime Longwood location, high traffic count.
      0 Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • Contact for pricing
      3,197 SF

      Retail Space on Highway 434

      Retail property with high traffic count and excellent visibility.
      815 W State Road 434, 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.
    1355 Bennett Dr
    Longwood, FL 32750-6359
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!