Three-Suite Office
1621 E VINE STREET, Kissimmee, FL 34744
For Sale
$975,000
Separate electric meters and A/C systems serve each office suite.
Property Size3,300 SF
Price / SF$293.59
Days on Market52
Property Features for 1621 E VINE STREET
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Amenities
0.11 acres, Central Business District, Paved, Mature Landscaping, Oak Trees
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 23-25-29-1992-0001-0030, Public Survey Range: 29, Public Survey Section: 23, Annual Amount: $5,507.42, Tax Block: 0001, Tax Book Number: 0002/0277, Legal Description: POINT EAST PB 2 PG 277 LOT 3 & A STRIP OF LAND 0.8 FT WIDE LYING WLY & ADJACENT, Lot: 0030, Year: 2025, Zoning: KMPU
Central Air
Central
Listing ID: MFRS5158062, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-09-22, 15 days on market, Special Conditions: None
Built in 1982, Living area: 3321, Living area units: Square Feet, Levels: One, Construction Materials: Block, Brick
Subdivision: POINT EAST, MLS Area (Major): 34744 - Kissimmee, County/Parish: Osceola
Completed
Water Source: Public, Service - 110 Volts
Slab
Frontage Type: County Road, Highway, Road Surface: Asphalt
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
THE REALTY EXPERIENCE POWERED BY LRR
(407) 399-2055
Listed By:
Milissa Ogeerally · License FL #3571838
(407) 744-5482
Source:
Miharaandassociates
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 10 at 8:33AM
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 THE REALTY EXPERIENCE POWERED BY LRR
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Investment Insights
Based on property information with market context.
This 3,321-square-foot office building, constructed in 1982, contains three suites. Each suite has its own electric meter and A/C system. Two businesses currently occupy the property; one uses two suites, while the third suite is also part of the three-suite layout.
The property is along US-192, also known as W. Irlo Bronson Memorial Hwy, near Old Boggy Creek Road and the Neo City Way connection and signalized intersection.
The property is along US-192, also known as W. Irlo Bronson Memorial Hwy, near Old Boggy Creek Road and the Neo City Way connection and signalized intersection.
Key Highlights
- 3,321‑square‑foot office building built in 1982
- Three office suites, each with an individual electric meter and A/C system
- Two businesses currently occupy the property; one business uses two suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,577
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,540
$1.1M
Cap Rate 7%
$779,671
$779.7K
Cap Rate 9%
$606,411
$606.4K
Market Conditions
NOI Build-Up for 3,321 SF
Gross rent
$87.7K $26.40/SF
− Vacancy
−$14.9K −$4.49/SF
EGI
$72.8K $21.91/SF
− OpEx
−$18.2K −$5.48/SF
NOI
$54.6K $16.43/SF
Area
Osceola County, FL
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,540
Cap Rate 7%
$779,671
Cap Rate 9%
$606,411
Alternative Uses
Best Use
Office B
$779.7K
$682.2K – $909.6K
NOI $54,577 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.03M
$898.5K – $1.20M
NOI $71,883 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
461
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
$326,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Kissimmee, FL
Properties on Market for Office buildings in Kissimmee
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Separate electric meters and A/C systems serve each office suite.
Where is this office building located?
The property is located at 1621 E VINE STREET Kissimmee, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,321‑square‑foot office building built in 1982; Three office suites, each with an individual electric meter and A/C system; Two businesses currently occupy the property; one business uses two suites
