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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    685 Ronald Reagan Blvd Longwood, FL 32750-6435

    • Office buildings
    • 14,705 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2022
    $2,525,000
    Value Estimations
    $3,470,000
    Show details
    Cap Rate Potential
    7.5%
    Office buildings
    Location Intelligence
    Property ID
    US18-6932785
    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

    • Royal Press / Print Shop

    Property Details for 685 Ronald Reagan Blvd

    Year built
    2004
    Construction
    TILT-UP CONCRETE
    Lot size
    1.12 lot acres
    Property size
    14,705 SF
    Property type
    Office buildings
    APN
    05-21-30-516-0000-0030
    APU
    5213051600000030

    Description

    This exceptional two-story, 14,705-square-foot building in Longwood, Florida, presents a unique investment opportunity. Located at 685 S. Ronald Reagan Blvd, 32750, this 2004-constructed property seamlessly blends executive office space with a fully functional warehouse. The building features 9,505 square feet of office space, meticulously designed to accommodate various business needs. This includes ten separate multi-tenanted electric meters, eight private offices, two large executive suites, a spacious open area perfect for workstations, and ample storage. The second floor boasts a separate entrance and exit, enhancing privacy and convenience. The property also includes two kitchens, eight ADA-compliant restrooms, and two server rooms, ensuring comprehensive functionality. The 5,200-square-foot warehouse is 100% air-conditioned and features a grade-level side bay roll-up door. Built with concrete tilt-wall construction, the building is designed to allow for a potential third-floor addition. The property is fully fire-sprinklered, meets all ADA codes, and includes an elevator for easy access between floors. Ample parking is provided with 48 spaces, including four handicap-accessible spots. This versatile property offers a compelling combination of modern office amenities and efficient warehouse space, making it an ideal investment for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,140,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,905,000
      6.5%
      $3,605,000
      7%
      $3,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,567,000
      Market price range: $2.03M - $4.50M
      AI Estimate
      $3,567,000
      Market price range: $2.03M - $4.50M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,190,000
      Current use
      COMMERCIAL (GENERAL)
      $3,900,000
      Change: +22% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,265,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $2,795,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Longwood
    County
    Seminole
    State
    Florida
    Longitude
    -81.3454
    Latitude
    28.6898
    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
    $32,595
    $0.00
    $0.00
    $2,045,803
    -
    $451,280
    $1,594,523
    $2,045,803

    Comparable in this City

    • Value Estimation
      $2,735,000
      19,781 SF

      1385 State Rd 434

      PROFESSIONAL BUILDING • 19,781 SF
      1385 State Rd 434, Longwood, FL 32750-6871
      View Details
    • Value Estimation
      $3,985,000
      19,105 SF

      450 State Rd 434

      PROFESSIONAL BUILDING • 19,105 SF
      450 State Rd 434, Longwood, FL 32750-5118
      View Details
    • Value Estimation
      $835,000
      4,470 SF

      794 Big Tree Dr

      OFFICE BUILDING • 4,470 SF
      794 Big Tree Dr, Longwood, FL 32750-3553
      View Details
    • Value Estimation
      $1,400,000
      8,842 SF

      1969 Corporate Sq

      OFFICE BUILDING (MULTI-STORY) • 8,842 SF
      1969 Corporate Sq, Longwood, FL 32750-3536
      View Details
    • Value Estimation
      $760,000
      3,780 SF

      165 Jessup Ave

      OFFICE BUILDING • 3,780 SF
      165 Jessup Ave, Longwood, FL 32750-4146
      View Details
    • Value Estimation
      $1,375,000
      4,502 SF

      485 Ronald Reagan Blvd

      PROFESSIONAL BUILDING • 4,502 SF
      485 Ronald Reagan Blvd, Longwood, FL 32750-5408
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      2.6-acre site, high-growth area.
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      1525 square feet of office space for sale.
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    • $799,000
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      Longwood Commercial Corner Lot

      High-traffic location, 1,830 sq ft.
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    Similar Nearby for Lease

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    • $3,500 /Mo
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      Longwood Office Building with Storage

      Versatile office building with flexible space and convenient storage.
      1130 N Ronald Reagan Blvd, Longwood, FL 32750
      View Details
    • $2,526 /Mo

      Longwood Office Building For Rent

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      Turn-Key Office Building in Cambridge

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    685 Ronald Reagan Blvd
    Longwood, FL 32750-6435
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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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