Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Michigan Avenue Kissimmee, FL 34744

    View on Map
    For Sale
    $589,000

    Vacant Land - Kissimmee, FL

    Lot size:
    0.86 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for Michigan Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    11-25-29-0000-0082-0000
    Lot size
    0.86 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    4760

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ruben Gallo

    Listing agent Ruben Gallo

    Listing office La Rosa Realty Llc 1420 Celebration Blvd, Celebration, FL

    Listing date Mar 9, 2026

    MLS# 11670139 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kissimmee Vacant Land Opportunity

    This offering presents an opportunity to acquire a nearly one-acre parcel of land located in Osceola County. The property is zoned ORPB and may have access to nearby utilities. This listing is for land only and is being sold As-Is. The property provides flexibility for a variety of potential uses. Buyers are encouraged to verify zoning, land use, utilities, building requirements, and any applicable restrictions directly with the county. Information included in this listing has been gathered from public records, seller input, and county data and is believed to be reliable but not guaranteed. Buyers are responsible for conducting their own due diligence to confirm all details, measurements, zoning, utilities, and any development requirements. This is a great opportunity for investors or future development in a growing Central Florida area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Kissimmee
    County
    Polk
    State
    Florida
    Longitude
    -81.390745
    Latitude
    28.325181

    Nearby Similar for Sale

    • $450,000
      8,800 SF

      Established Mini Market & Restaurant

      Profitable mini market and restaurant business for sale in Kissimmee.
      131 BUENAVENTURA BOULEVARD, KISSIMMEE, FL 34743
      View Details
    • $595,000
      2,501 SF

      Downtown Kissimmee Professional Office Building

      Professional building in downtown Kissimmee, near courthouse and amenities.
      1007 EMMETT STREET, KISSIMMEE, FL 34741
      View Details
    • $950,000
      7,340 SF

      Turnkey Restaurant on US-192

      Fully equipped restaurant with dual-concept menu in high-traffic location.
      909 W VINE STREET, KISSIMMEE, FL 34741
      View Details
    • $549,000
      1,708 SF

      Renovated Office Building in Kissimmee

      Corner-lot office building in Downtown Kissimmee with dedicated parking.
      702 MABBETTE STREET, KISSIMMEE, FL 34741
      View Details
    • $399,990
      2,887 SF

      KISSIMMEE Duplex with New Roof

      Well-maintained duplex with long-term tenants and new roof.
      718-720 LEOPARD COURT, KISSIMMEE, FL 34759
      View Details
    • $505,000
      2,494 SF

      Income-Producing Duplex in Poinciana, FL

      Well-maintained duplex with tenant-occupied and vacant units.
      734 BITTERN LANE, KISSIMMEE, FL 34759
      View Details
    • $499,000
      1,811 SF

      Renovated Office in Downtown Kissimmee

      Fully renovated office space in the heart of Downtown Kissimmee.
      802 MABBETTE ST, KISSIMMEE, FL 34741
      View Details
    • $3,200,000
      16,083 SF

      Mixed-Use Property in Historic Downtown

      Prime mixed-use property in revitalizing historic downtown Kissimmee.
      219 BROADWAY, KISSIMMEE, FL 34741
      View Details
    • $389,990
      832 SF

      Renovated Office in Prime Location

      Fully renovated office space in the heart of Kissimmee.
      808 MABBETTE STREET, KISSIMMEE, FL 34741
      View Details
    • $589,000

      Osceola County Land Parcel

      Nearly one-acre parcel in Osceola County with development potential.
      0 MICHIGAN AVENUE, KISSIMMEE, FL 34744
      View Details
    • $540,000
      2,461 SF

      New Construction Duplex in Kissimmee

      New construction duplex in Poinciana Village, Kissimmee. Great investment opportunity.
      546 IMPERIAL PL, KISSIMMEE, FL 34758
      View Details
    • $1,375,000

      Prime Commercial Land Opportunity

      0.99 acre commercial land in a high-growth area.
      3281 LINDFIELDS BOULEVARD, KISSIMMEE, FL 34747
      View Details

    FAQs

    What type of property is this?
    Commercial land - Nearly one-acre parcel in Osceola County with development potential.
    Where is this commercial land located?
    The property is located at Michigan Avenue Kissimmee, FL.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: Nearly one‑acre parcel of land in Osceola County.; Prime location with strong potential for future development or investment.; Zoned ORPB, offering flexibility for potential uses.
    (407) 844-2642
    We can help!
    Listing Contact
    Ruben Gallo
    Real Estate License ID: 3499605
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!