3-Room Office
For Sale
$210,000
103-318 N John Young Pkwy, Kissimmee, FL 34741
Updated commercial suite includes three rooms and two bathrooms.
Property Size630 SF
Price / SF$333.33
Days on Market51
Property Features for 103-318 N John Young Pkwy
General Information
Standard status
Active
Size
630 SF
Taxes and HOA fees
Annual Taxes
$1,537
Listing Agency:
KELLER WILLIAMS LEGACY REALTY
(407) 301-8516
Listed By:
Hazel Heyer · License #3197208
(407) 301-8516
Source:
Exprealty
Added: Jul 13
Changed: Aug 31
Last Checked: Aug 31 at 7:32PM
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.
Unit 103 is an office condominium within Bermuda Oaks Office Plaza. The brick building includes an upgraded interior layout with three rooms and two bathrooms, along with a new roof. The suite may accommodate medical, legal, financial, or accounting operations, as identified in the property information.
The property is positioned along N John Young Parkway near Highway-192, also known as Irlo Bronson Mem Highway. Nearby destinations include AdventHealth Kissimmee, HCA Florida Osceola Hospital, Kissimmee Medical Campus, Kissimmee Gateway Airport, Downtown Kissimmee, the courthouse, and Lakefront Park. Shops, dining options, local transportation, and additional major roadways are also described as being nearby.
The property is positioned along N John Young Parkway near Highway-192, also known as Irlo Bronson Mem Highway. Nearby destinations include AdventHealth Kissimmee, HCA Florida Osceola Hospital, Kissimmee Medical Campus, Kissimmee Gateway Airport, Downtown Kissimmee, the courthouse, and Lakefront Park. Shops, dining options, local transportation, and additional major roadways are also described as being nearby.
Key Highlights
- Office condominium identified as Unit 103 within Bermuda Oaks Office Plaza
- 3‑room, 2‑bathroom office layout
- 630 property size
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
$7,916
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
3.77%
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%
$158,320
$158.3K
Cap Rate 7%
$113,086
$113.1K
Cap Rate 9%
$87,956
$88.0K
Market Conditions
NOI Build-Up for 630 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
$14.7K $23.40/SF
− Vacancy
−$1.5K −$2.46/SF
EGI
$13.2K $20.94/SF
− OpEx
−$5.3K −$8.38/SF
NOI
$7.9K $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%
$158,320
Cap Rate 7%
$113,086
Cap Rate 9%
$87,956
Alternative Uses
Best Use
Healthcare Medical
$113.1K
$99.0K – $131.9K
NOI $7,916 @ 7.0% cap · market cap 3.77%
Second Best
Office B
$110.6K
$96.8K – $129.0K
NOI $7,740 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$151.4K
$132.5K – $176.6K
NOI $10,598 @ 7.0% cap · market cap 5.05%
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
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 units - Updated commercial suite includes three rooms and two bathrooms.
Where is this office units located?
The property is located at 103-318 N John Young Pkwy Kissimmee, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Office condominium identified as Unit 103 within Bermuda Oaks Office Plaza; 3‑room, 2‑bathroom office layout; 630 property size
