Medical Office with NNN
1113 North Central Avenue, Kissimmee, FL 34741
For Sale
Contact for pricing
An open-plan layout includes offices, two bathrooms, and rear receiving access.
Property Size2,592 SF
Price / SF$289.35
Days on Market52
Property Features for 1113 North Central Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Building Details
Tenancy
Listing Agency:
JOHN SADRI & COMPANY, LLC
Listed By:
John Sadri · License FL BK598235
(407) 619-9999
Source:
Crexi
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 10 at 7:57AM
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
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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 / Yr
$42,597
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,940
$851.9K
Cap Rate 7%
$608,529
$608.5K
Cap Rate 9%
$473,300
$473.3K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$68.4K $26.40/SF
− Vacancy
−$11.6K −$4.49/SF
EGI
$56.8K $21.91/SF
− OpEx
−$14.2K −$5.48/SF
NOI
$42.6K $16.43/SF
Area
Osceola County, FL
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,940
Cap Rate 7%
$608,529
Cap Rate 9%
$473,300
Alternative Uses
Best Use
Office B
$608.5K
$532.5K – $710.0K
NOI $42,597 @ 7.0% cap · market cap 5.68%
Second Best
Healthcare Medical
$517.9K
$453.2K – $604.2K
NOI $36,252 @ 7.0% cap · market cap 4.83%
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.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,074
Businesses Nearby
Balanced
Demand for This Use
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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
$270,200
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Kissimmee, FL
Properties on Market for Medical Office Space in Kissimmee
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
