801 E State Road 434, Longwood, FL 32750
- Banks
- 6,000 SF
- 1.45 lot acres
Current Use by Public Records
- Dunkin' / Bakery / Discount Store
- Truist Mortgage / Loan Service / Bank
- Truist / Bank / Loan Service
- Nelahtem Animal Experts / Animal Shelter / Pet Adoption Service
- Cameron V Decker - Truist Mortgage Loan Officer / Loan Service / Bank
Property Details for 801 E State Road 434
- Year built
- 1974
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.45 lot acres
- Property type
- Banks
- APN
- 32-20-30-510-020A-0000
- APU
- 322030510020A0000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 8, 2026 | $4,300,000 | Truist Bank | Gorgon Longwood LLC | Special Warranty Deed | — |
| Jan 12, 2022 | — | Gorgon Longwood LLC | Colb Longwood LLC | Correction Deed · related | — |
| May 16, 2008 | $4,234,900 | Colb-longwood LLC | Cb Longwood East Landlord LLC | Grant Deed | — |
| Jan 25, 2008 | — | Cb Longwood East Landlord LLC | Cb Portfolio Landlord LLC | Warranty Deed | $3M · Pnc Bank |
| Aug 15, 2007 | — | Colonial Bank NA | Bank Of America NA | Quit Claim Deed · related | — |
| Aug 15, 2007 | $3,974,700 | Cb Portfolio Landlord LLC | Colonial Bank NA | Warranty Deed | — |
| Jun 1, 1990 | $775,500 | N C N B Natl Bk Fl | Resolution Trust Corp | Grant Deed · related | — |
Description
This fee-simple, absolute NNN-leased Truist Bank in Longwood, Florida, presents a compelling investment opportunity. Boasting a 6.75% cap rate, the 5,904 square foot property sits on a 1.45-acre lot at a signalized intersection with over 27,000 vehicles daily. The 20-year lease, commencing July 25, 2007, and expiring July 31, 2027, includes two five-year options and 10% rent bumps every five years. The property, built in 1974 and renovated in 2008 and 2022, benefits from a strong tenant, Truist Bank, with deposits exceeding $113 million in 2023. Its prime location is surrounded by numerous colleges and universities, including Freedom State University, Seminole State College, Troy University, and Rasmussen University, as well as hospitals like Mid Florida Hospital and Orlando Health South. The asking price is $4,023,467, representing a price per square foot of $681.48. The property's strong tenant, location, and lease terms make it an attractive investment with significant intrinsic value. The current NOI is $271,584. This single-story building features a drive-thru. The property is located in the Orlando-Kissimmee-Sanford Metropolitan Statistical Area.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,915,000
- AI Estimate
- $2,915,000
Market price range: $858k - $8.16MMarket price range: $858k - $8.16M -
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $2,910,000 Current use
- RESTAURANT
- $3,970,000 Change: +37% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,770,000 Change: -5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Longwood
- County
- Seminole
- State
- Florida
- Longitude
- -81.3335
- Latitude
- 28.6984
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
