Two-Story Flex
1429 Smith St Kissimmee, FL 34744
1429 Smith St, Kissimmee, FL, 34744
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For Sale
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Freestanding two-story flex building with grade-level loading and fully fenced parking for flexible commercial use.
Property Size7,020 SF
Price / SF$277.78
Days on Market50
Property Features for 1429 Smith St
General Information
- Standard status
- Active
- Size
- 7,020 SF
- Property subtype
- FLEX_R_AND_D
Listing agency
Colliers | Orlando
(407) 748-8970
Listed by
Rafael Mendez · License #BK3317523
(407) 748-8970
Source
Moodyscre
Added: Jun 4 Updated: Jul 22 at 9:13PM Checked: Jul 22 at 9:13PM
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 Colliers | Orlando
Investment Insights
Based on property information with market context.
This freestanding two-story flex building is designed for adaptable commercial and service use. It includes a grade-level loading door for practical access and concrete-surface parking. The parking and lot are fully fenced, supporting secure day-to-day operations.
The property is located in an established commercial corridor in Kissimmee with convenient access to major thoroughfares. Nearby references noted in the listing include NeoCity, the Orlando City Training Facility, the Sunrail Station, and Downtown Kissimmee.
The listing states KB3 zoning, which allows retail, restaurants, and services, among other uses. The building is positioned for either tenant use or owner-user occupancy depending on an operator’s needs.
The property is located in an established commercial corridor in Kissimmee with convenient access to major thoroughfares. Nearby references noted in the listing include NeoCity, the Orlando City Training Facility, the Sunrail Station, and Downtown Kissimmee.
The listing states KB3 zoning, which allows retail, restaurants, and services, among other uses. The building is positioned for either tenant use or owner-user occupancy depending on an operator’s needs.
Key Highlights
- Freestanding two‑story flex building at 1429 Smith Street in Kissimmee with adaptable space for a range of commercial uses.
- KB3 zoning allows retail, restaurants, and services (and more).
- Grade‑level loading door for efficient access to the building.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.1k | $17.40 |
| − Vacancy | −$9.5k | −$1.36 |
| EGI | $112.6k | $16.04 |
| − OpEx | −$33.8k | −$4.81 |
| NOI | $78.8k | $11.23 |
7,020 SF · lease $17.40/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$985.4K – $1.31M
NOI $78,834 @ 7.0% cap · market cap 4.04%
Second Best
Warehouse
$668.0K
$584.5K – $779.4K
NOI $46,763 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,088 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Unique Events & Catering — 1019 N Main St, Kissimmee, FL 34744
FAQs
What type of property is this?
Flex space - Freestanding two-story flex building with grade-level loading and fully fenced parking for flexible commercial use.
Where is this flex space located?
The property is located at 1429 Smith St Kissimmee, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Freestanding two‑story flex building at 1429 Smith Street in Kissimmee with adaptable space for a range of commercial uses.; KB3 zoning allows retail, restaurants, and services (and more).; Grade‑level loading door for efficient access to the building.
