Downtown Kissimmee Professional
For Sale
$495,000
1007 EMMETT, Kissimmee, FL 34741
Stand-alone professional building in Downtown Kissimmee, across from Courthouse.
Property Size2,501 SF
Days on Market122
Property Features for 1007 EMMETT
General Information
Standard status
Active
Size
2,501 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,988
Building Details
Building Size
2,501 SF
Year Built
1916
Listing Agency:
eXp Realty LLC
(407) 458-3235
Listed By:
Brendy Calderon · License #3421528
(407) 458-3235
Source:
Elliman
Added: Apr 24
Changed: Aug 19
Last Checked: Aug 22 at 8:03AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This stand-alone professional building presents an investment and business opportunity in Downtown Kissimmee. Located directly across from the Osceola County Courthouse, the property is suited for legal and professional services. It features 8 dedicated parking spaces. The location is surrounded by restaurants, retail establishments, and government offices, providing visibility and traffic exposure. The property is ideal for law firms, accounting offices, title companies, medical professionals, or other professional businesses seeking a downtown location. The bike score is 78, indicating it is very bikeable. The walk score is 64, indicating it is somewhat walkable. The transit score is 39, indicating some transit options are available.
Key Highlights
- Prime location directly across from the Osceola County Courthouse
- 8 dedicated parking spaces in a downtown area
- Ideal for law firms, accounting offices, title companies, medical professionals, or other professional businesses
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
$30,725
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
6.21%
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%
$614,500
$614.5K
Cap Rate 7%
$438,929
$438.9K
Cap Rate 9%
$341,389
$341.4K
Market Conditions
NOI Build-Up for 2,501 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
$52.5K $21.00/SF
− Vacancy
−$11.6K −$4.62/SF
EGI
$41.0K $16.38/SF
− OpEx
−$10.2K −$4.10/SF
NOI
$30.7K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /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%
$614,500
Cap Rate 7%
$438,929
Cap Rate 9%
$341,389
Alternative Uses
Best Use
Office B
$438.9K
$384.1K – $512.1K
NOI $30,725 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$601.0K
$525.9K – $701.2K
NOI $42,071 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,221
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Stand-alone professional building in Downtown Kissimmee, across from Courthouse.
Where is this office building located?
The property is located at 1007 EMMETT Kissimmee, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Prime location directly across from the Osceola County Courthouse; 8 dedicated parking spaces in a downtown area; Ideal for law firms, accounting offices, title companies, medical professionals, or other professional businesses
