Building Details

Year Built 2006

Listing Agency: DINA REALTY GROUP, INC.

Listed By: Dina Recio · License #618682 Show Phone

Source: Compass

Added: Apr 19, 2022 Changed: Oct 11 Last Checked: Oct 15 at 1:58AM

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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 DINA REALTY GROUP, INC.

Investment Insights

Based on property information with market context.

This 1,056-square-foot commercial unit at 2666 Simpson Road provides a storefront setting with central air and OPD zoning. The property was built in 2006 and is suited to a range of commercial operations supported by its location and configuration.

The unit sits within a busy shopping center area near Lake Nona, a major hospital, and prominent schools. Access is available to Highway 192, the Turnpike, and I-4, while Unit 2664 is also offered for sale for an adjoining acquisition opportunity.

Key Highlights

• 1,056 SF commercial storefront unit
• OPD zoning
• Central air conditioning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,737

Cap Rate

6.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$414,740 $414.7K

Cap Rate 7%

$296,243 $296.2K

Cap Rate 9%

$230,411 $230.4K

Market Conditions

NOI Build-Up for 1,056 SF

Gross rent

$30.7K $29.04/SF

− Vacancy

−$1.0K −$0.99/SF

EGI

$29.6K $28.05/SF

− OpEx

−$8.9K −$8.42/SF

NOI

$20.7K $19.64/SF

Area

Osceola County, FL

Vacancy

3.40%

Lease Rate

$29.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$414,740

Cap Rate 7%

$296,243

Cap Rate 9%

$230,411

Alternative Uses

Best Use

Retail

$296.2K

$259.2K – $345.6K (±1% cap)

NOI $20,737 @ 7.0% cap · market cap 6.91%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$326.5K

$285.7K – $381.0K (±1% cap)

NOI $22,857 @ 7.0% cap · market cap 7.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Access Outreach Resource ... Corporate Office

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Law Firm Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

501

Businesses Nearby

145k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 46% Groceries 28% Dining 22% Electronics 3%

Publix Groceries

40,137 visits/mo 0.2 miles

McDonald's Dining

30,999 visits/mo 0.3 miles

Dollar Tree Shops & Services

19,474 visits/mo 0.1 miles

Circle K Shops & Services

13,049 visits/mo 0.2 miles

Chevron Shops & Services

7,745 visits/mo 0.3 miles

Demographics for 34744, FL

59,232

Population

22,800

Households

2.6

Avg Household Size

38

Median Age

26%

College-Educated

87%

High-School Grad

33.3 sq mi

ZIP Area

1,779

Density / Sq Mi

$69,837

Median Household Income

$35,174

Median Earnings

$1,426

Median Rent

$326,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial space with central air, OPD zoning, and convenient access to major highways.

Where is this storefront property located?

The property is located at 2666 Simpson Road Kissimmee, FL.

What is the asking price?

The asking price for this property is $299,990.

What are key features of this property?

This property features: 1,056 SF commercial storefront unit; OPD zoning; Central air conditioning