Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    323 Ronald Reagan Blvd Longwood, FL 32750-4196
    Property profile & analytics

    323 Ronald Reagan Blvd, Longwood, FL 32750-4196

    View on Map
    • Retail space
    • 124 SF
    • 0.63 lot acres
    Off-Market
    Property ID
    US18-6824184
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Historic Bar Room / Bar & Pub
    • Coin Cloud Bitcoin ATM / Kiosk / Atm

    Property Details for 323 Ronald Reagan Blvd

    Year built
    1925
    Construction
    CONCRETE
    Lot size
    0.63 lot acres
    Property type
    Retail space
    APN
    31-20-30-5AU-0000-0010
    APU
    3120305AU00000010

    Description

    This exceptional mixed-use property, located at 323 N Ronald Reagan Blvd in Longwood, Florida, presents a unique investment opportunity. Priced at $3,200,000, this 7,101 square foot building sits on a substantial 32,696 square foot lot, offering significant frontage on the high-traffic Ronald Reagan Blvd (CR 427). The property serves as a gateway to Historic Longwood, benefiting from high visibility and a lighted intersection. Originally built in 1925 and renovated in 2020, the building is zoned High-Intensity TVN, allowing for a variety of redevelopment options. The current structure is significantly underdeveloped, presenting opportunities for expanded retail and restaurant space, with potential for additional residential units. This prime location within the Longwood Historic Center offers easy access to amenities including the Longwood SunRail Station, South Seminole Hospital, and Reiter Park, as well as police and fire stations. The city supports tasteful redevelopment, making this a compelling prospect for investors seeking a high-impact project in a thriving community. This is a rare chance to acquire a landmark property with significant upside potential in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.3461
    Latitude
    28.7005
    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
    $7,316
    $0.00
    $0.00
    $489,319
    -
    $228,450
    $260,869
    $489,319

    Comparable in this City

    • Value Estimation by Request
      1,914 SF

      1520 Us Hwy 17th 92

      RETAIL STORES (PERSONAL SERVICES)
      1520 Us Hwy 17th 92, Longwood, FL 32750-6543
      View Details
    • Value Estimation
      $585,000
      6,000 SF

      150 Evergreen Ave

      RETAIL STORES (PERSONAL SERVICES)
      150 Evergreen Ave, Longwood, FL 32750-5266
      View Details
    • Value Estimation by Request
      994 SF

      840 State Rd 434

      RETAIL STORES (PERSONAL SERVICES)
      840 State Rd 434, Longwood, FL 32750-5307
      View Details
    • Value Estimation by Request
      936 SF

      218 Church Ave

      RETAIL STORES (PERSONAL SERVICES)
      218 Church Ave, Longwood, FL 32750-4116
      View Details
    • Value Estimation by Request
      952 SF

      217 State Rd 434

      RETAIL STORES (PERSONAL SERVICES)
      217 State Rd 434, Longwood, FL 32750-5215
      View Details
    • Value Estimation by Request
      3,250 SF

      909 Church Ave, Unit 101

      RETAIL STORES (PERSONAL SERVICES)
      909 Church Ave, Longwood, FL 32750-5363
      View Details

    Similar Nearby for Sale

    • 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
    • Contact for pricing
      8,588 SF

      Longwood Auto Shop For Sale

      8,588 SF auto shop on 0.47 acres for sale.
      154 Mingo Trl, Longwood, FL 32750
      View Details
    • Contact for pricing

      Industrial Building with Covered Overhang

      4,059 SF industrial building with 2,400 SF covered overhang.
      321 Dane Ln, Longwood, FL 32750
      View Details
    • $4,000,000
      2,400 SF

      High-Traffic Longwood C-Store & Gas Station

      Busy Retail Property, 8% Cap Rate, NNN
      1064 Us Highway 17 92, Longwood, FL 32750
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
      View Details
    • 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
      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
    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.
    323 Ronald Reagan Blvd
    Longwood, FL 32750-4196
    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

    Thank You for Inquiry
    323 Ronald Reagan Blvd, Longwood, FL, 32750
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!