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201 West Cypress Street, Kissimmee, FL 34741
Fully leased retail center with access to major regional roadways and established commercial and residential surroundings.
Property Size15,000 SF
Price / SF$180.33
Days on Market106
Property Features for 201 West Cypress Street
General Information
Standard status
Active
Size
15,000 SF
Total Parking Spaces
60
Property subtype
Retail
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$197,432
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3834
Listed By:
Tarek Chbeir · License #SL3449535
Source:
Crexi
Added: May 18
Changed: Aug 30
Last Checked: Aug 30 at 2:51PM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This 15,000-square-foot shopping center, built in 1999, contains multiple retail spaces and is fully leased. The property currently operates under gross lease structures, with a reported Year 1 CAP of 7.30%. Located at 201 West Cypress Street in Kissimmee, the center sits near W Vine St (US-192), John Young Parkway, Osceola Parkway, Florida’s Turnpike, and I-4. The surrounding area includes national retailers, schools, healthcare providers, major employers, and dense residential neighborhoods. HCA Florida Osceola Hospital and Kissimmee Gateway Airport are also identified nearby. The property is within the greater Orlando MSA and has approximately 228,355 residents within a five-mile radius, with that population projected to reach 246,866 by 2030.
Key Highlights
- 15,000‑square‑foot multi‑tenant shopping center
- Fully leased retail property
- Built in 1999
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
$168,449
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
6.23%
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%
$3,368,980
$3.4M
Cap Rate 7%
$2,406,414
$2.4M
Cap Rate 9%
$1,871,656
$1.9M
Market Conditions
NOI Build-Up for 15,000 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
$261.0K $17.40/SF
− Vacancy
−$20.4K −$1.36/SF
EGI
$240.6K $16.04/SF
− OpEx
−$72.2K −$4.81/SF
NOI
$168.4K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$3,368,980
Cap Rate 7%
$2,406,414
Cap Rate 9%
$1,871,656
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.81M
NOI $168,449 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.60M
$3.15M – $4.21M
NOI $252,324 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,948
Businesses Nearby
131k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 28%
Apparel 12%
Home Improvements & Furnishings 3%
McDonald's
Dining
31,725 visits/mo
0.3 miles
Ross Dress for Less
Apparel
16,012 visits/mo
0.1 miles
Chase Bank
Shops & Services
12,490 visits/mo
0.2 miles
Wendy's
Dining
11,042 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,693 visits/mo
0.1 miles
Demographics for 34741, FL
56,454
Population
22,043
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
15.0 sq mi
ZIP Area
3,764
Density / Sq Mi
$50,278
Median Household Income
$30,415
Median Earnings
$1,591
Median Rent
$270,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with access to major regional roadways and established commercial and residential surroundings.
Where is this shopping center located?
The property is located at 201 West Cypress Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $2,705,000.
What are key features of this property?
This property features: 15,000‑square‑foot multi‑tenant shopping center; Fully leased retail property; Built in 1999
