Property profile

145 Ronning Way Longwood, FL 32750

FOR SALE
Distribution centers
Property ID
US18-9938245
1,800 SF 2.02 ac lot Built 2014
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Longwood, FL industrial investment property encompasses 22,774 square feet across five buildings situated on a generous 2.02-acre lot. The property currently generates substantial income from five separate tenants occupying the buildings. Two buildings, each measuring 3,000 square feet, command a monthly rental rate of $2,200 plus sales tax, while the remaining two 2,000-square-foot buildings rent for $1,500 per month plus sales tax. All units are individually metered, ensuring efficient utility management, with tenants responsible for their respective consumption. Currently, all tenants are on month-to-month leases, providing the new owner with significant flexibility. The existing rental rates offer immediate cash flow, with potential for increased revenue through lease renegotiations or by vacating tenants post-closing to allow for owner-occupancy. This presents a compelling opportunity for investors seeking a strong return on investment in a prime Longwood location. The property's size and configuration offer versatility for a variety of uses, making it an attractive proposition for both seasoned investors and those new to the commercial real estate market. The substantial lot size also provides ample space for future expansion or development. This is a rare opportunity to acquire a well-performing industrial property with significant upside potential.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2014
Construction CONCRETE BLOCKS
Total area 1,800 SF
Lot 2.02 ac (87,948 SF)
APN 06-21-30-300-0400-0000
UPID US18-9938245

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

145 Ronning Way Longwood, FL 32750
Longwood metro Census 21504 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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