Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3001 Michigan Ave Kissimmee, FL 34744

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    Retail/office building in booming Kissimmee business area, fully leased.

    Property size:
    2,084 SF
    Lot size:
    0.30 Acres

    Property Features for 3001 Michigan Ave

    General Information

    Standard status
    Active
    Size
    2,084 SF
    Lot size
    0.30 Acres

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Edgar Ortiz
    Edgar Ortiz
    Source: Corcoran

    Listing Agency: REMAX PREMIER PROPERTIES Listing Agent: Edgar Ortiz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Kissimmee Retail/Office Investment Opportunity

    Located in a booming business area of Kissimmee, this property is less than one mile from the new Orlando Health Emergency Medical Pavilion and the Osceola Parkway Turnpike entrance/exit off Michigan Avenue. It is also a quarter mile from the Walmart Supercenter Plaza. The property, zoned Highway/Commercial, features a standalone building constructed in 2006 with a cement tile roof. The building contains 2084 square feet and includes 8 parking spaces on a corner lot that is close to a third of an acre. The structure hosts two retail/office spaces situated side-by-side, each with individual utilities. One unit has a single bath, while the other has two baths and one with a shower. Both units are currently leased, presenting an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    GVS USA CORP ... Big Box & Wholesale Store Unique Bightening Smile Dental Office atrevida inc Clothing & Fashion Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    -81.389404
    Latitude
    28.33753

    Nearby Similar for Sale

    • $595,000
      2,501 SF

      Downtown Kissimmee Professional Office Building

      Professional building in downtown Kissimmee, near courthouse and amenities.
      1007 Emmett St, Kissimmee, FL 34741
      View Details
    • $599,000
      1,708 SF

      Renovated Office Building in Kissimmee

      Corner-lot office building in Downtown Kissimmee with parking.
      702 Mabbette St, Kissimmee, FL 34741
      View Details
    • $950,000
      7,340 SF

      Turnkey Restaurant on US-192

      Fully equipped restaurant with dual-concept menu in high-traffic location.
      909 W Vine St, Kissimmee, FL 34741
      View Details
    • $529,000
      1,811 SF

      Renovated Office in Downtown Kissimmee

      Fully renovated office building in the heart of Downtown Kissimmee.
      802 Mabbette St, Kissimmee, FL 34741
      View Details
    • $389,990
      832 SF

      Renovated Office in Prime Location

      Fully renovated office space in the heart of Kissimmee.
      808 Mabbette St, Kissimmee, FL 34741
      View Details
    • New
      $360,000
      Pending

      Income-Producing Duplex in KISSIMMEE, FL

      Duplex generating $2,848 monthly gross rent with separate meters.
      303 Azincourt Ln, Kissimmee, FL 34759
      View Details
    • $106,000
      1,200 SF

      Established Appliance Sales Business Opportunity

      Profitable appliance sales and repair business in Kissimmee, Florida.
      2585 Orange Blossom Ct, Kissimmee, FL 34744
      View Details
    • $1,600,000
      2,106 SF

      Office Building on US-192 Frontage

      Frontage commercial property on US-192 near NeoCity and Osceola Heritage Park.
      1680 Irlo Bronson Memorial Hwy, Kissimmee, FL 34744
      View Details
    • $60,000

      Turnkey Barbershop Business Opportunity

      Established barbershop for sale in high-traffic Kissimmee location.
      4473 W Vine St W, Kissimmee, FL 34746
      View Details
    • $445,000
      2,190 SF

      Kissimmee Duplex on Corner Lot

      Two-story duplex in Historic Downtown Kissimmee, renovated in 2023.
      116-118 N Beaumont Ave, Kissimmee, FL 34741
      View Details
    • $689,000
      5,000 SF

      Kissimmee Duplex with Income Potential

      Renovated multi-unit property near attractions, ideal for rentals.
      1801 Daniels St, Kissimmee, FL 34746
      View Details
    • $850,000
      2,084 SF

      Kissimmee Retail/Office Investment Opportunity

      Retail/office property in booming Kissimmee area, currently leased.
      3001 Michigan Ave, Kissimmee, FL 34744
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail/office building in booming Kissimmee business area, fully leased.
    Where is this retail space located?
    The property is located at 3001 Michigan Ave Kissimmee, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime Highway/Commercial zoning in rapidly developing Kissimmee business area.; - Strategic location: Less than one mile from Orlando Health Emergency Medical Pavilion and Osceola Pkwy Turnpike entrance/exit.; - Newer construction (2006) with a durable cement tile roof.
    (407) 797-0547
    Request Owner's contact information
    3001 Michigan Ave Kissimmee, FL 34744
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3001 Michigan Ave
    Kissimmee, FL 34744
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3001 Michigan Ave Kissimmee, FL 34744
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Edgar Ortiz
    Edgar Ortiz
    Real Estate License ID: 699117
    (407) 797-0547 (321) 402-6261 (407) 308-2113
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!