Professional Office Suite with Multiple
For Sale
$829,900
1619 E Vine Street, Kissimmee, FL 34744
Office unit includes reception, 11 offices, conference room, and two entry doors supporting flexible business occupancy.
Property Size3,157 SF
Price / SF$262.88
Days on Market84
Property Features for 1619 E Vine Street
General Information
Standard status
Active
Size
3,157 SF
Property subtype
Commercial
Building Details
Year Built
1981
Listing Agency:
GOLDEN PALMS REALTY OF FLORIDA
(407) 922-2000
Listed By:
Cheryl Grieb · License #3006738
Source:
Realtygroupfl
Added: Jun 1
Changed: Aug 23
Last Checked: Aug 22 at 11:44AM
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 GOLDEN PALMS REALTY OF FLORIDA
Investment Insights
Based on property information with market context.
This centrally located professional office unit offers a reception and waiting area, a receptionist office, 11 additional offices, a conference room, storage room, men’s and women’s restrooms, and a kitchenette. The building is configured with two front entry doors and two rear entry doors, which can allow it to accommodate two different businesses.
The property is located off Hwy 192 between Kissimmee and St. Cloud. It sits across the street from the entrance to NeoCity, and Valencia College is on the block just west of the building.
For practical day-to-day use, the layout supports a mix of client-facing and private work areas, with shared restroom and kitchenette facilities in place.
The property is located off Hwy 192 between Kissimmee and St. Cloud. It sits across the street from the entrance to NeoCity, and Valencia College is on the block just west of the building.
For practical day-to-day use, the layout supports a mix of client-facing and private work areas, with shared restroom and kitchenette facilities in place.
Key Highlights
- Professional office unit centrally located between Kissimmee and St. Cloud off Hwy 192.
- Interior layout includes reception/waiting area, receptionist office, 11 offices, and a conference room.
- Includes storage room, men's and women's restrooms, and a kitchenette.
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
$38,784
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
4.67%
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%
$775,680
$775.7K
Cap Rate 7%
$554,057
$554.1K
Cap Rate 9%
$430,933
$430.9K
Market Conditions
NOI Build-Up for 3,157 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
$66.3K $21.00/SF
− Vacancy
−$14.6K −$4.62/SF
EGI
$51.7K $16.38/SF
− OpEx
−$12.9K −$4.10/SF
NOI
$38.8K $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%
$775,680
Cap Rate 7%
$554,057
Cap Rate 9%
$430,933
Alternative Uses
Best Use
Office B
$554.1K
$484.8K – $646.4K
NOI $38,784 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$758.7K
$663.8K – $885.1K
NOI $53,106 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
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 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 units - Office unit includes reception, 11 offices, conference room, and two entry doors supporting flexible business occupancy.
Where is this office units located?
The property is located at 1619 E Vine Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: Professional office unit centrally located between Kissimmee and St. Cloud off Hwy 192.; Interior layout includes reception/waiting area, receptionist office, 11 offices, and a conference room.; Includes storage room, men's and women's restrooms, and a kitchenette.
