Medical Office with NNN
New
For Sale
Contact for pricing
1113 North Central Avenue, Kissimmee, FL 34741
An open-plan layout includes offices, two bathrooms, and rear receiving access.
Property Size2,592 SF
Price / SF$289.35
Days on Market6
Property Features for 1113 North Central Avenue
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Office
Additional Details
Cap Rate
6.3%
Building Details
Tenancy
Single
Listing Agency:
JOHN SADRI & COMPANY, LLC
Listed By:
John Sadri · License #FL BK598235
(407) 619-9999
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:36PM
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 JOHN SADRI & COMPANY, LLC
Investment Insights
Based on property information with market context.
This 2,592-square-foot medical office has an open-concept layout with offices, two bathrooms, and rear storage. A large door at the back supports deliveries and receiving. The property is occupied by a subsidiary of AdaptHealth Corp., a publicly traded healthcare company that provides medical equipment, supplies, and services. The lease is structured as NNN, and the tenant also pays the association fee.
The property sits in a healthcare corridor in downtown Kissimmee, near HCA Florida Osceola Hospital and AdventHealth Kissimmee. The cap rate is 6.3%, with an increase to 6.9% scheduled for next year.
The property sits in a healthcare corridor in downtown Kissimmee, near HCA Florida Osceola Hospital and AdventHealth Kissimmee. The cap rate is 6.3%, with an increase to 6.9% scheduled for next year.
Key Highlights
- 2,592 SF medical office space
- NNN lease with a 6.3% cap rate, increasing to 6.9% next year
- Open‑concept plan with offices and two bathrooms
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
$38,724
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
5.16%
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%
$774,480
$774.5K
Cap Rate 7%
$553,200
$553.2K
Cap Rate 9%
$430,267
$430.3K
Market Conditions
NOI Build-Up for 2,592 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
$62.2K $24.00/SF
− Vacancy
−$10.6K −$4.08/SF
EGI
$51.6K $19.92/SF
− OpEx
−$12.9K −$4.98/SF
NOI
$38.7K $14.94/SF
Area
Osceola County, FL
Vacancy
17.00%
Lease Rate
$24.00 /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%
$774,480
Cap Rate 7%
$553,200
Cap Rate 9%
$430,267
Alternative Uses
Best Use
Office B
$553.2K
$484.1K – $645.4K
NOI $38,724 @ 7.0% cap · market cap 5.16%
Second Best
Healthcare Medical
$527.9K
$461.9K – $615.9K
NOI $36,952 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$801.5K
$701.3K – $935.1K
NOI $56,104 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,074
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - An open-plan layout includes offices, two bathrooms, and rear receiving access.
Where is this medical office space located?
The property is located at 1113 North Central Avenue Kissimmee, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,592 SF medical office space; NNN lease with a 6.3% cap rate, increasing to 6.9% next year; Open‑concept plan with offices and two bathrooms
