Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1629 Flora Blvd Kissimmee, FL 34741

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Logistics park development by First Industrial Realty Trust.

    Type:Industrial
    Added:
    Jan 12, 2023
    Days on Market:
    1195
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1629 Flora Blvd

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 1629 Flora Blvd Contact us

    We can help!

    Listing Contact
    Justin Ruby

    Listing agent Justin Ruby License #FL#3013907

    Listing office Foundry Commercial

    Listing date Jan 12, 2023

    Source Crexi

    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 Foundry Commercial

    Overview

    First Loop Logistics Park Development

    First Loop Logistics Park is under development by First Industrial Realty Trust, a Chicago-based REIT. The company focuses on providing high-quality, well-located properties in top markets to meet the evolving real estate requirements of businesses. They offer new construction, move-in ready spaces, and build-to-suit options, aiming to attract and retain customers. The development emphasizes the importance of a company's supply chain network.
    Location Intelligence

    Current Use by Public Records

    First Loop Logistics ... Warehouse & Storage

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Polk
    State
    Florida
    Longitude
    -81.43148
    Latitude
    28.332145

    Nearby Similar for Lease

    • $3/mo

      Professionally Built-Out Office Suite

      Class A office suite in Celebration, move-in ready.
      1420 CELEBRATION BOULEVARD, KISSIMMEE, FL 34747
      View Details
    • Contact for pricing

      Downtown Kissimmee Office Suites

      Office suites for rent in downtown Kissimmee with parking.
      18 W BASS STREET, KISSIMMEE, FL 34741
      View Details
    • $37/mo

      Downtown Kissimmee Stand-Alone Office Building

      Highly visible office building in downtown Kissimmee with dedicated parking.
      198 Broadway, Kissimmee, FL 34741
      View Details
    • $28/mo

      Medical Office Building For Lease

      Turnkey medical office near two major hospitals.
      1205 N Central Avenue, Kissimmee, FL 34741
      View Details
    • $30/mo

      New Medical Office Vanilla Shell

      4,040 SF medical/professional office space near Osceola Regional Medical Center.
      907 Person St, Kissimmee, FL 34741
      View Details
    • $26/mo

      Kissimmee Medical Office Condo

      Spacious medical office condo in a convenient Kissimmee location.
      737 W. Oak Street, Kissimmee, FL 34741
      View Details
    • Contact for pricing

      KISSIMMEE, FL Commercial Building

      Commercial building available for rent in KISSIMMEE, Florida.
      Tbd WALNUT STREET, KISSIMMEE, FL 34759
      View Details
    • $37/mo

      Downtown Kissimmee Stand-Alone Office Building

      Highly visible office building in downtown Kissimmee with dedicated parking.
      198 Broadway, Kissimmee, FL 34741
      View Details
    • $12/mo

      Celebration Class A Office Suite

      Professionally built-out office suite in a prime Celebration location.
      1420 CELEBRATION Blvd 304, Kissimmee, FL 34747
      View Details
    • $2.00/mo

      Kissimmee Commercial Space For Lease

      1500 sqft corner unit ideal for office or retail.
      820 N MAIN St B, Kissimmee, FL 34744
      View Details
    • $24/mo

      Downtown Kissimmee Retail and Office

      Three-story retail and office building in Downtown Kissimmee's Business District.
      222 Broadway, Kissimmee, FL 34741
      View Details
    • $36,000/mo

      Turnkey Office Condo in Kissimmee

      Fully furnished, move-in ready office condo in a prime location.
      1400 W OAK St F, Kissimmee, FL 34741
      View Details

    FAQs

    What type of property is this?
    Specialty property - Logistics park development by First Industrial Realty Trust.
    Where is this specialty property located?
    The property is located at 1629 Flora Blvd Kissimmee, FL.
    What are key features of this property?
    This property features: Development by Chicago‑based REIT, First Industrial Realty Trust; Focus on high quality, well‑located properties; Located in the nation's top markets
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Ruby
    Real Estate License ID: FL#3013907
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!