Ground-Floor Medical Office
For Sale
$499,000
1400 OAK STREET, Kissimmee, FL 34741
Built-out suite with treatment rooms, private offices, reception, storage, and three restrooms.
Property Size1,868 SF
Price / SF$267.13
Days on Market85
Property Features for 1400 OAK STREET
General Information
Standard status
Active
Size
1,868 SF
Property subtype
General Commercial
Additional Details
Floor
Ground Floor
Asking Price
$550,000
Taxes and HOA fees
Annual Taxes
$1,880
Amenities
Central Air
3
Shared Driveway.
City Road, Asphalt.
Building Details
Year Built
1990
Stories
1
Listing Agency:
CAPSTRATA PROPERTY MANAGEMENT LLC
(407) 791-3772
Listed By:
Veronica Malolos · License #BK3243791
Source:
Xome
Added: Jun 6
Changed: Aug 21
Last Checked: Aug 29 at 7:09AM
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 CAPSTRATA PROPERTY MANAGEMENT LLC
Investment Insights
Based on property information with market context.
This 1,868 SF medical office condominium occupies a ground-floor position within a professional office complex at 1400 Oak Street in Kissimmee. The existing layout includes five treatment or exam rooms, a private physician office, a manager’s office, reception and waiting areas, a records and storage room, a break room, and three restrooms. Central air and established medical improvements are already in place, supporting continued professional office use.
The property includes shared parking and is located less than 0.5 miles from Osceola Regional Medical Center. Built in 1990, the condominium offers a compact configuration for healthcare, wellness, therapy, med-spa, or other professional office operations.
The property includes shared parking and is located less than 0.5 miles from Osceola Regional Medical Center. Built in 1990, the condominium offers a compact configuration for healthcare, wellness, therapy, med-spa, or other professional office operations.
Key Highlights
- 1,868 SF ground‑floor medical office condominium
- Five treatment/exam rooms plus physician and manager offices
- Reception, waiting area, records/storage room, and break room
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
$23,473
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
4.70%
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%
$469,460
$469.5K
Cap Rate 7%
$335,329
$335.3K
Cap Rate 9%
$260,811
$260.8K
Market Conditions
NOI Build-Up for 1,868 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
$43.7K $23.40/SF
− Vacancy
−$4.6K −$2.46/SF
EGI
$39.1K $20.94/SF
− OpEx
−$15.6K −$8.38/SF
NOI
$23.5K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
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%
$469,460
Cap Rate 7%
$335,329
Cap Rate 9%
$260,811
Alternative Uses
Best Use
Healthcare Medical
$335.3K
$293.4K – $391.2K
NOI $23,473 @ 7.0% cap · market cap 4.70%
Second Best
Office B
$327.8K
$286.9K – $382.5K
NOI $22,948 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$448.9K
$392.8K – $523.7K
NOI $31,423 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
Under-served
Demand for This Use
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.
Similar Off Market Nearby
- Osceola Animal Emergency — 2611 W Vine St, Kissimmee, FL 34741
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built-out suite with treatment rooms, private offices, reception, storage, and three restrooms.
Where is this medical office space located?
The property is located at 1400 OAK STREET Kissimmee, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,868 SF ground‑floor medical office condominium; Five treatment/exam rooms plus physician and manager offices; Reception, waiting area, records/storage room, and break room
