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Property profile & analytics
OFF-MARKET
Estimated value
$9,305,000
Office buildings
140 Wekiva Spgs Rd Longwood, FL 32779-3604
Entity Owned
Free & Clear
Property ID
US18-1042035
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
TILT-UP CONCRETE
Total area
67,125 SF
Lot
6.82 ac (297,079 SF)
APN
03-21-29-300-009M-0000
UPID
US18-1042035
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.61M
Blend (final)
Blend
$9.31M
Owner & transaction history
Lifespace Communities INC
Lifespace Communities INC
since 2025
Last sale
$10.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$14.9M
+67.8%
Retail stores
$12.8M
+43.5%
Warehouse, storage
$11.8M
+32.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Longwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,890,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,915,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$12,755,000
Change: +43% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,755,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,095,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$9.31M
Range $8.37M – $10.24M · ±10% · vs last sale $10.00M (Jul 20 2025)
Last sale anchor
$10.00M
Jul 20 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$105,892
Tax year 2023
Assessed value
$8,094,459
Assessed 2023
Previous assessed
$7,186,009
+12.6% YoY
Effective rate
1.31%
On assessed value
Land market value
$2,275,464
Improvement market value
$5,818,995
Total market value
$8,094,459
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
15
Total area
67,125 SF
Lot
6.82 ac (297,079 SF)
APN
03-21-29-300-009M-0000
UPID
US18-1042035
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.9M
RETAIL STORES
Est. value
$12.8M
WAREHOUSE, STORAGE
Est. value
$11.8M
INDUSTRIAL (GENERAL)
Est. value
$10.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
15
Lot
6.82 ac
Current owner
From public records · entity-resolved
Lifespace Communities INC
Entity
Free & Clear · 0 yrs held
Mailing address
8027 FORSYTH BLVD #1100, SAINT LOUIS, MO 63105-1734
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
$10,000,000
Lifespace Communities INC
Etcl Longwood LLC
Special Warranty Deed
—
Aug 29, 2024
—
Etcl Longwood LLC
—
Deed
related
$480,000,000 · Bank Of America NA
Aug 13, 2015
$10,370,300
Et Longwood LLC
Longwood Capital Lllp
Grant Deed
—
Nov 1, 2010
$5,900,000
Longwood Capital Lllp
Longwood United Ltd
Grant Deed
related
$4,000,000 · Wf Buldings Ltd
Dec 28, 1999
$6,000,000
Longwood United Ltd
Life Insurance Co Georgia
Grant Deed
$5,000,000 · Principal Life Insurance Co
—
—
Longwood United Ltd
—
Deed Of Trust
related
$4,475,154 · Morgan Stanley 2000-life1
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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