Two-Unit Retail
1503 N Main St Kissimmee, FL 34744
1503 N Main St, Kissimmee, FL, 34744
$625,000
For Sale
$625,000
Two-unit commercial building with both units currently rented and a paved rear lot for parking.
Property Size2,760 SF
Price / SF$226.45
Days on Market68
Property Features for 1503 N Main St
General Information
- Standard status
- Active
- Size
- 2,760 SF
Listing agency
CLARK INVESTMENT PROPERTIES
(407) 933-4499
Listed by
Renee Clark · License #577612
(407) 933-4499
Source
Exprealty
Added: May 15 Updated: Jul 21 at 7:53AM Checked: Jul 21 at 7:53AM
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 CLARK INVESTMENT PROPERTIES
Investment Insights
Based on property information with market context.
This commercial building features two separate units, and both units are currently rented. The property also includes an additional lot behind the building that has been paved for use as a parking area.
The building is located on N Main St in Kissimmee. The arrangement provides on-site parking at the rear, supporting tenant and customer access.
Ideal for buyers seeking a multi-unit retail setup with existing tenancy and an improved parking lot in the rear, this property is structured around the two income-producing units and the paved back lot.
The building is located on N Main St in Kissimmee. The arrangement provides on-site parking at the rear, supporting tenant and customer access.
Ideal for buyers seeking a multi-unit retail setup with existing tenancy and an improved parking lot in the rear, this property is structured around the two income-producing units and the paved back lot.
Key Highlights
- Two‑unit commercial building on Main Street in Kissimmee.
- Both units are currently rented.
- Includes a lot behind the building that has been paved for a parking lot.
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 | $48.0k | $17.40 |
| − Vacancy | −$3.7k | −$1.36 |
| EGI | $44.3k | $16.04 |
| − OpEx | −$13.3k | −$4.81 |
| NOI | $31.0k | $11.23 |
2,760 SF · lease $17.40/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$442.8K
$387.4K – $516.6K
NOI $30,995 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.3K
$580.4K – $773.8K
NOI $46,428 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Two-unit commercial building with both units currently rented and a paved rear lot for parking.
Where is this storefront property located?
The property is located at 1503 N Main St Kissimmee, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit commercial building on Main Street in Kissimmee.; Both units are currently rented.; Includes a lot behind the building that has been paved for a parking lot.
