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    Residential Lot Near Lake Marion Title is generated by Realmo AI

    1203 VERNON LANE, Kissimmee, FL 34759

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    Land - KISSIMMEE, FL

    Lot size:
    0.20 Acres
    Added:
    Feb 8, 2025
    Days on Market:
    469
    Last Refresh:
    May 23 at 12:06 pm

    Property Features for 1203 VERNON LANE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    VACANT RES
    Pets allowed
    No
    Standard status
    Active
    APN
    28-27-33-934460-472130
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    192.83

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jonathan Minerick
    Jonathan Minerick

    Listing agent Jonathan Minerick License #3477996

    Listing office HOMECOIN.COM 600 B St., San Diego, FL

    Listing date Feb 8, 2025

    MLS# TB8348277 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Association of Poinciana Villages amenities: pools, playgrounds, fitness center, Spectrum TV and Internet.
    • Proximity to Lake Marion (less than 1.5 miles).
    • Convenient access to Orlando theme parks (less than 90‑minute drive).
    • Located near Lake Marion Creek Wildlife Management Area.
    • Easy access to both Atlantic and Gulf Coast beaches for day trips.
    • Zoned for single‑family residences.

    Overview

    Located less than 1.5 miles from Lake Marion in Poinciana, near Kissimmee, this residential lot is available for sale. It is part of the Association of Poinciana Villages, which provides access to amenities such as pools, playgrounds, a fitness center, Spectrum TV, and internet. Electricity is supplied by Duke Energy, and water is provided by Toho Water Authority. Situated just south of the Lake Marion Creek Wildlife Management Area, the location offers opportunities to observe local flora and fauna, with access to local parks and trailheads. The property is less than a 90-minute drive from Orlando's theme parks. Its central location in the Florida Panhandle allows for convenient travel across the state, with day trip access to the Atlantic and Gulf of Mexico shores. The property is zoned for single-family residences. It features approximately 88 feet of road frontage, a southern border of approximately 132 feet, an eastern border of approximately 75 feet, and a northern border of approximately 110 feet. The lot size is 0.2 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Polk
    State
    Florida
    Longitude
    -81.508836
    Latitude
    28.09389

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near Lake Marion with community amenities and easy access.
    Where is this residential land & home lot located?
    The property is located at 1203 VERNON LANE Kissimmee, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Association of Poinciana Villages amenities: pools, playgrounds, fitness center, Spectrum TV and Internet.; Proximity to Lake Marion (less than 1.5 miles).; Convenient access to Orlando theme parks (less than 90‑minute drive).
    (888) 400-2513
    We can help!
    Listing Contact
    Jonathan Minerick
    Jonathan Minerick
    Real Estate License ID: 3477996
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1203 VERNON LANE, KISSIMMEE, FL 34759
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