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    556 Florida Central Pkwy Longwood, FL 32750
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    Property profile & analytics

    556 Florida Central Pkwy, Longwood, FL 32750

    View on Map
    • Distribution centers
    • 42,761 SF
    Off-Market
    Property ID
    US18-3198747
    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

    • AdventHealth Respiratory & Equipment / Medical Supply Store
    • Florida Hospital Home Infusion, LLP / Pharmacy
    • Florida Lacrosse Academy / Gym & Fitness Center
    • SPIDERWEBSHADE / Industrial Manufacturer / Production Facility
    • BuyBackTronics.com LLC / Electronics & Wireless Store

    Property Details for 556 Florida Central Pkwy

    Year built
    2003
    Property type
    Distribution centers
    Property subtype
    Flex space

    Description

    This exceptional 42,761-square-foot industrial property, situated in the prestigious Florida Central Commerce Park, offers a unique opportunity for businesses seeking flexible workspace. Built in 2003, this single-story, iconic brick and masonry building features a recently replaced foam insulated built-up roof and boasts 22-24 foot clear ceiling heights with a sprinkler system. The property includes 100% HVAC, ample parking (over 2 spaces per 1000 square feet), and multiple suites ranging from 1,733 to 5,250 contiguous square feet, with a total of 6,983 square feet currently vacant. Each suite benefits from 3-phase power (1600 amp total; 200-amp 3-phase per suite, separately metered) and rear-loading 12' x 14' doors, ideal for warehouse operations. Its prime location offers unparalleled convenience, with immediate access to SR 434 and minutes from I-4, US 17/92, Ronald Reagan (CR 427), and Rangeline Road. The property is also conveniently located less than a minute from FedEx, UPS, and USPS hubs, as well as Orlando Health’s South Seminole Hospital. The building is zoned for industrial use and offers a highly efficient layout, making it perfect for a variety of businesses. The starting base rate is $11 per square foot, with CAM charges of $4.61 per square foot. This property presents a rare opportunity for long-term growth within a thriving commercial area.

    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
    -81.3534326
    Latitude
    28.6947433

    Comparable in this City

    • $20 SF/Yr
      2,054 SF

      Flex Warehouse in Longwood

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      Longwood Flex Space Available Now

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      751 Fleet Financial Ct, Longwood, FL 32750
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      Functional Industrial Space in Longwood

      19,734 SF industrial space with office build-out for lease.
      1155 Charles St, Longwood, FL 32750
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    • $125,004

      Longwood Flex Space Available

      5000 sqft flex/warehouse space near SunRail Station.
      210 E Palmetto Ave, Longwood, FL 32750
      View Details
    • Contact for pricing

      Commercial Property on Ronald Reagan

      Commercial property with frontage and access to major roadways.
      1604 N Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • Contact for pricing

      Industrial Building with Secured Storage

      18,000 SF industrial building on 1.7 acres for lease.
      900 Recycling Pt, Longwood, FL 32750
      View Details

    Similar Nearby for Sale

    • $1,600,000
      Pending

      Renovated Flex Space in Longwood

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    • $700,000

      Longwood Flex Space For Sale

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      Longwood Flex Space Available Now

      5,000 SF flex space with office and warehouse components.
      751 Fleet Financial Ct, Longwood, FL 32750
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      Industrial Building with Covered Overhang

      4,059 SF industrial building with 2,400 SF covered overhang.
      321 Dane Ln, Longwood, FL 32750
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building with Secured Storage

      18,000 SF industrial building on 1.7 acres for lease.
      900 Recycling Pt, Longwood, FL 32750
      View Details
    • $125,004

      Longwood Flex Space Available

      5000 sqft flex/warehouse space near SunRail Station.
      210 E Palmetto Ave, Longwood, FL 32750
      View Details
    • Contact for pricing

      Commercial Property on Ronald Reagan

      Commercial property with frontage and access to major roadways.
      1604 N Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • $41,080

      Longwood Flex Warehouse Unit

      Flex warehouse unit in Longwood's Soldiers Creek Business Condominium.
      2100 N Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • Contact for pricing

      Longwood Flex Space Available

      Flexibility to grow your business in a diverse complex.
      1155 Charles St, Longwood, FL 32750
      View Details
    • Contact for pricing

      Functional Industrial Space in Longwood

      19,734 SF industrial space with office build-out for lease.
      1155 Charles St, Longwood, FL 32750
      View Details
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    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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