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    Property profile & analytics

    242 State Road 434 Longwood, FL 32750

    • Retail space
    • 2,000 SF
    • 0.17 lot acres
    For Sale
    View listing
    $460,000
    Last Sale
    Feb 11, 2022
    $380,000
    Value Estimations
    Cap Rate Potential
    8.3%
    Retail space
    Location Intelligence
    Property ID
    US18-6438791
    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

    • Dr. Christine Bixon / Chiropractor

    Property Details for 242 State Road 434

    Year built
    1980
    Construction
    CONCRETE BLOCKS
    Lot size
    0.17 lot acres
    Property size
    2,000 SF
    Property type
    Retail space
    APN
    06-21-30-503-0000-0080
    APU
    6213050300000080

    Description

    This 2,000 square foot retail space in Longwood, Florida, boasts a premium location on one of the city's busiest streets, ensuring exceptional visibility and high daily traffic. The property sits on a 0.17-acre lot and offers dedicated parking for customer convenience. Recently renovated, the roof was completely replaced in 2023. There are no HOA fees. The interior is clean and ready for immediate occupancy, minimizing setup time and costs. A rear green area offers expansion potential, with a permit already in progress for additional construction. The property benefits from its proximity to banks, restaurants, shopping centers, and public transportation. High-speed internet access and updated energy-efficient features, including LED lighting and improved insulation, are available. Longwood's growing economy and available local and state incentives for new businesses make this a strategic investment opportunity. The property is situated in a safe area with security systems available. The versatile space is adaptable to various business types, from retail stores and restaurants to offices.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $470,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $655,000
      6.5%
      $605,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $536,000
      Market price range: $196k - $563k
      AI Estimate
      $536,000
      Market price range: $196k - $563k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $380,000
      Current use
      COMMERCIAL (GENERAL)
      $530,000
      Change: +40% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $445,000
      Change: +17% Conversion: Moderate
      OFFICE BUILDING
      $435,000
      Change: +14% Conversion: Easy
      WAREHOUSE, STORAGE
      $345,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.3492
    Latitude
    28.6976
    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
    $5,404
    $0.00
    $0.00
    $339,160
    -
    $109,200
    $229,960
    $339,160

    Comparable in this City

    • Value Estimation by Request
      7,000 SF

      541 Us Hwy 17th 92

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      541 Us Hwy 17th 92, Longwood, FL 32750-4404
      View Details
    • Value Estimation by Request
      2,976 SF

      140 Ronald Reagan Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,976 SF
      140 Ronald Reagan Blvd, Longwood, FL 32750-5210
      View Details
    • Value Estimation by Request
      9,348 SF

      400 State Rd 434

      RETAIL STORES (PERSONAL SERVICES) • 9,348 SF
      400 State Rd 434, Longwood, FL 32750-5220
      View Details
    • Value Estimation by Request
      1,200 SF

      456 Grant St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      456 Grant St, Longwood, FL 32750-5332
      View Details
    • Value Estimation by Request
      2,557 SF

      760 State Rd 434

      RETAIL STORES (PERSONAL SERVICES) • 2,557 SF
      760 State Rd 434, Longwood, FL 32750-5124
      View Details
    • Value Estimation by Request
      16,000 SF

      1490 Us Hwy 17th 92

      RETAIL STORES (PERSONAL SERVICES) • 16,000 SF
      1490 Us Hwy 17th 92, Longwood, FL 32750-6574
      View Details

    Similar Nearby for Sale

    • $800,000
      2.60 Acres

      Prime Longwood Retail Land

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    • $1,400,000
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      High-Traffic Longwood Retail Space

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    • $1,250,000

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    • $248,000
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      Established Grocery Store Business Opportunity

      Profitable, turnkey grocery store in a high-traffic Longwood plaza.
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    • New
      $975,000
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      Freestanding Building on High-Traffic Corridor

      Commercial building on 0.38 acres with high visibility.
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    • $4,023,467
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      Longwood Truist Bank Investment

      High-Yield Bank Property, Excellent Location
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    Similar Nearby for Lease

    • 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
    • $3,249 /Mo
      1,020 SF

      Renovated Commercial Space with Courtyard

      Renovated commercial space ideal for coffee shop or eatery.
      209 E Palmetto Ave, Longwood, FL 32750
      View Details
    • Contact for pricing
      11,000 SF

      Retail or Restaurant Space Available

      Retail and restaurant spaces available near future townhome development.
      100 Dog Track Rd, Longwood, FL 32750
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    • $20 SF/Yr
      1,780 SF

      Retail Space on State Road

      Retail space for lease with high visibility and traffic.
      1155 W State Road 434, Longwood, FL 32750
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    • Contact for pricing
      3,218 SF

      Retail Space in Longwood Center

      Prominent retail center with high visibility and traffic counts.
      1855 W State Road 434, Longwood, FL 32750
      View Details
    • Contact for pricing
      19,877 SF

      Retail Space in High-Visibility Center

      Prime retail space in Longwood, Florida with high foot traffic.
      351 North Ronald Reagan Blvd, Longwood, FL 32750
      View Details
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    242 State Road 434
    Longwood, FL 32750
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    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
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