Medical Office Near
1121 N CENTRAL AVENUE B Kissimmee, FL 34741
1121 N CENTRAL AVENUE B, Kissimmee, FL, 34741
$1,895,000
For Sale
$1,895,000
Partially renovated 6,624 SF medical office for sale.
Property Size6,624 SF
Lot Size0.15 Acres
Price / SF$286.08
Days on Market634
Property Features for 1121 N CENTRAL AVENUE B
General Information
- Standard status
- Active
- Size
- 6,624 SF
- Lot size
- 0.15 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2005
Listing Agency
COLDWELL BANKER RESIDENTIAL RE
(321) 418-1225
Listed by
Mike Giordano, Jr · License #3370932
(321) 418-1225
Source
Exitrealty
Added: Oct 22, 2024 Checked: Jul 17 at 3:43 am
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 COLDWELL BANKER RESIDENTIAL RE
Investment Insights
Based on property information with market context.
This 6,624 SF partially renovated medical office is located in the medical area of Kissimmee. The property is suited for an expanding medical office practice or healthcare service provider. It is within walking distance of AdventHealth Kissimmee Hospital.
Key Highlights
- Prime location in the medical area of Kissimmee.
- Walking distance to Advent Health Kissimmee Hospital.
- Large 6,624 SF medical office space.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.0k | $23.40 |
| − Vacancy | −$16.3k | −$2.46 |
| EGI | $138.7k | $20.94 |
| − OpEx | −$55.5k | −$8.38 |
| NOI | $83.2k | $12.57 |
6,624 SF · lease $23.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.19M
$1.04M – $1.39M
NOI $83,236 @ 7.0% cap · market cap 4.39%
Second Best
Office B
$1.16M
$1.02M – $1.36M
NOI $81,376 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,426 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Joseph Ameh, MD, ...
Physician
Dr. James A. Lucio, ...
Physician
Griggs Adam L ...
Physician
Dr. Rhoderick Nazario, ...
Physician
Central Florida Kidney ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Kissimmee Animal Hospital — 403 E Vine St, Kissimmee, FL 34744
- Osceola Animal Clinic — 1513 N Main St, Kissimmee, FL 34744
- Dr. Thomas Beaudry DVM — 1513 N Main St, Kissimmee, FL 34744
- Bellville Michelle DVM — 403 E Vine St, Kissimmee, FL 34744
FAQs
What type of property is this?
Medical Office Space - Partially renovated 6,624 SF medical office for sale.
Where is this medical office space located?
The property is located at 1121 N CENTRAL AVENUE B Kissimmee, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Prime location in the medical area of Kissimmee.; Walking distance to Advent Health Kissimmee Hospital.; Large 6,624 SF medical office space.
