Updated Office Condo
For Sale
$225,000
101-318 N John Young Pkwy, Kissimmee, FL 34741
Unit 101 is a beautifully updated 3-room, 2-bath office condo within Bermuda Oaks Office Plaza.
Property Size730 SF
Price / SF$308.22
Days on Market56
Property Features for 101-318 N John Young Pkwy
General Information
Standard status
Active
Size
730 SF
Taxes and HOA fees
Annual Taxes
$1,081
Listing Agency:
KELLER WILLIAMS LEGACY REALTY
(407) 855-2222
Listed By:
Hazel Heyer · License #3197208
(407) 301-8516
Source:
Exprealty
Added: Jul 13
Changed: Aug 21
Last Checked: Sep 5 at 1:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS LEGACY REALTY
Investment Insights
Based on property information with market context.
Located within Bermuda Oaks Office Plaza, this brick office condo unit (Unit 101) presents a fully updated interior with a 3-room layout and two bathrooms. The building improvements noted include a new roof and upgraded finishes.
The office is positioned near medical and regional destinations, with proximity to AdventHealth Kissimmee and HCA Florida Osceola Hospital, as well as Kissimmee Gateway Airport. The property also sits along major roadways including John Young Parkway and Highway 192/Irlo Bronson Memorial Highway.
As presented, Unit 101 is suited for professional office use, including medical practice, legal, and financial/accounting, based on the configuration and room count described in the listing.
The office is positioned near medical and regional destinations, with proximity to AdventHealth Kissimmee and HCA Florida Osceola Hospital, as well as Kissimmee Gateway Airport. The property also sits along major roadways including John Young Parkway and Highway 192/Irlo Bronson Memorial Highway.
As presented, Unit 101 is suited for professional office use, including medical practice, legal, and financial/accounting, based on the configuration and room count described in the listing.
Key Highlights
- Updated Unit 101 office condo in Bermuda Oaks Office Plaza
- 3‑room, 2‑bath office layout suited for medical, legal, or financial/accounting use
- Upgrades include a new roof
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
$9,173
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
4.08%
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%
$183,460
$183.5K
Cap Rate 7%
$131,043
$131.0K
Cap Rate 9%
$101,922
$101.9K
Market Conditions
NOI Build-Up for 730 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
$17.1K $23.40/SF
− Vacancy
−$1.8K −$2.46/SF
EGI
$15.3K $20.94/SF
− OpEx
−$6.1K −$8.38/SF
NOI
$9.2K $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%
$183,460
Cap Rate 7%
$131,043
Cap Rate 9%
$101,922
Alternative Uses
Best Use
Healthcare Medical
$131.0K
$114.7K – $152.9K
NOI $9,173 @ 7.0% cap · market cap 4.08%
Second Best
Office B
$128.1K
$112.1K – $149.5K
NOI $8,968 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$175.4K
$153.5K – $204.7K
NOI $12,280 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,221
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Unit 101 is a beautifully updated 3-room, 2-bath office condo within Bermuda Oaks Office Plaza.
Where is this medical office space located?
The property is located at 101-318 N John Young Pkwy Kissimmee, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Updated Unit 101 office condo in Bermuda Oaks Office Plaza; 3‑room, 2‑bath office layout suited for medical, legal, or financial/accounting use; Upgrades include a new roof
