Renovated Corner Office
For Sale
$549,000
Pending
702 MABBETTE Street, Kissimmee, FL 34741
Commercial Sale, KISSIMMEE, FL
Property Size1,708 SF
Lot Size0.35 Acres
Days on Market284
Property Features for 702 MABBETTE Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
KRB2
Subdivision
TRINITY OFFICE COMPLEX
Directions
From 192, go South on John Young Parkway, turn Left on Mabbette Street and property will be on your right. Property is on the corner of Vernon and Mabbette st.
Standard status
Pending
APN
21-25-29-2252-0001-0010
Size
1,708 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRINITY OFFICE COMPLEX PB 21 PG 123 LOT 1
Tax Annual Amount
5515
Legal Description
TRINITY OFFICE COMPLEX PB 21 PG 123 LOT 1
Utilities
Cooling system
Central Air
Building Details
Year built
1910
Floors in Building
1
Building materials
Brick, Frame
Listing Agency:
CENTURY 21 WOLF'S CROSSING REALTY · Century 21 Real Estate
(407) 449-0000
Listed By:
Fernando Homs · License #3159618
(407) 873-9370
Added: Jan 19
Changed: Oct 13
Last Checked: Oct 30 at 8:06AM
MLS# S5141826
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.
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Investment Insights
Based on property information with market context.
Renovated office building on a corner lot in downtown Kissimmee, with a reception area, four private offices, two bathrooms, a second reception area, and two kitchens. The layout provides separate exterior entrances for two independently operated businesses. The property includes a dedicated parking lot accommodating up to 12 vehicles, along with additional street parking for clients and guests. The building and parking area occupy separate lots. Constructed in 1910, the property features brick and frame construction, central air, and KRB2 zoning.
Key Highlights
- Renovated corner‑lot office building in downtown Kissimmee
- Four private offices, two bathrooms, two reception areas, and two kitchens
- Separate exterior access supports two independently operated businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,518
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,360
$510.4K
Cap Rate 7%
$364,543
$364.5K
Cap Rate 9%
$283,533
$283.5K
Market Conditions
NOI Build-Up for 1,708 SF
Gross rent
$41.0K $24.00/SF
− Vacancy
−$7.0K −$4.08/SF
EGI
$34.0K $19.92/SF
− OpEx
−$8.5K −$4.98/SF
NOI
$25.5K $14.94/SF
Area
Osceola County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,360
Cap Rate 7%
$364,543
Cap Rate 9%
$283,533
Alternative Uses
Best Use
Office B
$364.5K
$319.0K – $425.3K
NOI $25,518 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$528.1K
$462.1K – $616.2K
NOI $36,970 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,292
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Downtown office property with separate exterior access for two independently operated businesses.
Where is this office building located?
The property is located at 702 MABBETTE Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Renovated corner‑lot office building in downtown Kissimmee; Four private offices, two bathrooms, two reception areas, and two kitchens; Separate exterior access supports two independently operated businesses
