Downtown Office Building with
For Sale
$495,000
1007 EMMETT Street, Kissimmee, FL 34741
Commercial Sale, KISSIMMEE, FL
Property Size2,501 SF
Lot Size0.25 Acres
Price / SF$197.92
Days on Market185
Property Features for 1007 EMMETT Street
General Information
Property type
Residential
Property subtype
Office
Zoning
KB5
Accessibility
Accessible Approach with Ramp
Subdivision
W A PATRICKS ADD
Lot features
Central Business District, City Limits, Street Lights, Paved
Directions
South on John Young Parkway, left on Emmett, property on left
Standard status
Active
APN
21-25-29-1920-000V-0040
Size
2,501 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PATRICKS ADDN PB A PG 001 BLK V W 73.79 FT OF LOT 4
Tax Annual Amount
6988
Legal Description
PATRICKS ADDN PB A PG 001 BLK V W 73.79 FT OF LOT 4
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1916
Floors in Building
1
Building materials
Stucco
Roof type
Metal
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Brendy Calderon · License #3421528
(407) 458-3235
Added: Feb 19
Changed: Aug 19
Last Checked: Aug 23 at 11:06AM
MLS# S5144408
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone office building contains 2,501 square feet on a 0.25-acre site and includes eight dedicated parking spaces. Built in 1916, the property has stucco construction, a metal roof, central heating, central air, and an accessible approach with ramp. Public water and public sewer serve the site, with electricity available.
The building is directly across from the Osceola County Courthouse in downtown Kissimmee. Restaurants, retail businesses, and government offices surround the property, placing professional services in an established civic and commercial setting. KB5 zoning is identified for the property.
The building is directly across from the Osceola County Courthouse in downtown Kissimmee. Restaurants, retail businesses, and government offices surround the property, placing professional services in an established civic and commercial setting. KB5 zoning is identified for the property.
Key Highlights
- 2,501‑square‑foot standalone office building on a 0.25‑acre site
- Eight dedicated parking spaces
- Directly across from the Osceola County Courthouse
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,725
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,500
$614.5K
Cap Rate 7%
$438,929
$438.9K
Cap Rate 9%
$341,389
$341.4K
Market Conditions
NOI Build-Up for 2,501 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.5K $21.00/SF
− Vacancy
−$11.6K −$4.62/SF
EGI
$41.0K $16.38/SF
− OpEx
−$10.2K −$4.10/SF
NOI
$30.7K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,500
Cap Rate 7%
$438,929
Cap Rate 9%
$341,389
Alternative Uses
Best Use
Office B
$438.9K
$384.1K – $512.1K
NOI $30,725 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$601.0K
$525.9K – $701.2K
NOI $42,071 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,221
Businesses Nearby
Explore this area
Business Placement
Demographics for 34741, FL
56,454
Population
22,043
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
15.0 sq mi
ZIP Area
3,764
Density / Sq Mi
$50,278
Median Household Income
$30,415
Median Earnings
$1,591
Median Rent
$270,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone professional office property with dedicated parking and central HVAC near courthouse and government offices.
Where is this office building located?
The property is located at 1007 EMMETT Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,501‑square‑foot standalone office building on a 0.25‑acre site; Eight dedicated parking spaces; Directly across from the Osceola County Courthouse
