Industrial-Zoned Office
For Sale
$550,000
1106 N Hoagland Boulevard, Kissimmee, FL 34741
A versatile commercial building with Industrial zoning and potential office or business applications.
Property Size1,953 SF
Price / SF$281.62
Days on Market190
Property Features for 1106 N Hoagland Boulevard
General Information
Standard status
Active
Size
1,953 SF
Property subtype
Commercial
Zoning
Industrial
Building Details
Year Built
1955
Buildings
1
Listing Agency:
LJL REAL ESTATE,INC.
(407) 355-7889
Listed By:
Robert Lynch · License #645644
Source:
Realtygroupfl
Added: Feb 8
Changed: Aug 17
Last Checked: Aug 17 at 8:01AM
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 LJL REAL ESTATE,INC.
Investment Insights
Based on property information with market context.
The property includes a 1,953-square-foot building constructed in 1955 on just over 1/2 acre. The structure was formerly used as a residence and is now classified within an Industrial-zoned property setting.
Potential applications identified for the property include a landscape business, used auto sales, accounting office, or real estate office. Its location at 1106 N Hoagland Boulevard in Kissimmee, Florida, provides a defined address for commercial planning and evaluation.
Potential applications identified for the property include a landscape business, used auto sales, accounting office, or real estate office. Its location at 1106 N Hoagland Boulevard in Kissimmee, Florida, provides a defined address for commercial planning and evaluation.
Key Highlights
- 1,953‑square‑foot building on just over 1/2 acre
- Industrial zoning
- Constructed in 1955
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
$23,993
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
4.36%
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%
$479,860
$479.9K
Cap Rate 7%
$342,757
$342.8K
Cap Rate 9%
$266,589
$266.6K
Market Conditions
NOI Build-Up for 1,953 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
$41.0K $21.00/SF
− Vacancy
−$9.0K −$4.62/SF
EGI
$32.0K $16.38/SF
− OpEx
−$8.0K −$4.10/SF
NOI
$24.0K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$479,860
Cap Rate 7%
$342,757
Cap Rate 9%
$266,589
Alternative Uses
Best Use
Office B
$342.8K
$299.9K – $399.9K
NOI $23,993 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.3K
$410.7K – $547.6K
NOI $32,853 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,151
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 - A versatile commercial building with Industrial zoning and potential office or business applications.
Where is this office building located?
The property is located at 1106 N Hoagland Boulevard Kissimmee, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,953‑square‑foot building on just over 1/2 acre; Industrial zoning; Constructed in 1955
