Stand-Alone Office
For Sale
$555,000
1007 EMMETT Street, Kissimmee, FL 34741
SINGLE_FAMILY - KISSIMMEE, FL
Property Size2,501 SF
Lot Size0.25 Acres
Price / SF$221.91
Days on Market173
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: Jul 24
Last Checked: Aug 11 at 10:06AM
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.
For sale stand-alone professional office building at 1007 Emmett Street in Kissimmee, Florida. The property offers approximately 2,501 square feet of office space on a 0.25-acre site and includes 8 dedicated parking spaces. Zoning is designated as KB5.
The building is located directly across from the Osceola County Courthouse, placing it in a central downtown setting. The surrounding area includes restaurants, retail, and government offices, supporting its use for professional services.
This downtown configuration is well-suited for established and emerging law, accounting, title, and medical office users seeking a dedicated parking setup and a prominent courthouse-adjacent location.
The building is located directly across from the Osceola County Courthouse, placing it in a central downtown setting. The surrounding area includes restaurants, retail, and government offices, supporting its use for professional services.
This downtown configuration is well-suited for established and emerging law, accounting, title, and medical office users seeking a dedicated parking setup and a prominent courthouse-adjacent location.
Key Highlights
- Stand‑alone professional building in downtown Kissimmee, directly across from the Osceola County Courthouse
- 8 dedicated parking spaces
- Central heating and central air conditioning
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
$31,427
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
5.66%
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%
$628,540
$628.5K
Cap Rate 7%
$448,957
$449.0K
Cap Rate 9%
$349,189
$349.2K
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
$58.5K $23.40/SF
− Vacancy
−$6.1K −$2.46/SF
EGI
$52.4K $20.94/SF
− OpEx
−$21.0K −$8.38/SF
NOI
$31.4K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
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%
$628,540
Cap Rate 7%
$448,957
Cap Rate 9%
$349,189
Alternative Uses
Best Use
Healthcare Medical
$449.0K
$392.8K – $523.8K
NOI $31,427 @ 7.0% cap · market cap 5.66%
Second Best
Office B
$438.9K
$384.1K – $512.1K
NOI $30,725 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$601.0K
$525.9K – $701.2K
NOI $42,071 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,299
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - For sale stand-alone office building with 8 dedicated parking spaces, 2,501 square feet, and zoning KB5 in downtown Kissimmee.
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 $555,000.
What are key features of this property?
This property features: Stand‑alone professional building in downtown Kissimmee, directly across from the Osceola County Courthouse; 8 dedicated parking spaces; Central heating and central air conditioning
