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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail space
242 State Rd 434 Longwood, FL 32750-4918
Entity Owned
Free & Clear
Property ID
US18-6438791
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
CONCRETE BLOCKS
Total area
2,000 SF
Lot
0.17 ac (7,500 SF)
APN
06-21-30-503-0000-0080
UPID
US18-6438791
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
Current use
Occupant on record · Public records
-
Dr. Christine Bixon Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$535k
Owner & transaction history
Mgyg Properties LLC
Mgyg Properties LLC
since 2025
Last sale
$388,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$530,000
+39.5%
Neighborhood: shopping center
$445,000
+16.9%
Office building
$435,000
+14.1%
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
$470,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
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
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $388k (Dec 29 2025)
Last sale anchor
$388k
Dec 29 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
$268 / 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
$5,404
Tax year 2023
Assessed value
$339,160
Assessed 2023
Previous assessed
$307,754
+10.2% YoY
Effective rate
1.59%
On assessed value
Land market value
$109,200
Improvement market value
$229,960
Total market value
$339,160
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
2,000 SF
Lot
0.17 ac (7,500 SF)
APN
06-21-30-503-0000-0080
UPID
US18-6438791
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
RETAIL STORES Current
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$445,000
OFFICE BUILDING
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$345,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1980
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mgyg Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
242 W STATE RD 434, LONGWOOD, FL 32750-4918
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$388,000
Mgyg Properties LLC
Hollywood Houndz LLC
Warranty Deed
—
Feb 11, 2022
$380,000
Hollywood Houndz LLC
Farhan Khan
Warranty Deed
$304,000 · Regions Bank
Dec 5, 2019
$287,000
Farhan Khan
Russell L Bastin
Warranty Deed
$197,000 · Russell L Bastin
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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