Multi-Suite Flex
For Sale
$1,750,000
201 West Donegan Avenue, Kissimmee, FL 34741
Flexible commercial space accommodates office, retail, showroom, salon, and warehouse uses.
Property Size10,156 SF
Days on Market105
Property Features for 201 West Donegan Avenue
General Information
Standard status
Active
Size
10,156 SF
Property subtype
Industrial
Building Details
Building Size
10,156 SF
Listing Agency:
Lee & Associates - Orlando
(407) 922-7632
Listed By:
Aaron Torres · License #FL #SL3642547
(407) 922-7632
Source:
Lee-associates
Added: May 19
Changed: Aug 30
Last Checked: Aug 30 at 3:15PM
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 Lee & Associates - Orlando
Investment Insights
Based on property information with market context.
This 10,156 SF flex building is arranged into five suites ranging from 1,000 SF to 4,500 SF. The configuration supports office, retail, showroom, salon, and warehouse users, with clear heights between 13.5 feet and 15 feet. Rear-load access and a parking ratio of 2.3/1,000 SF add practical functionality for occupants and deliveries.
The property is located at 201 West Donegan Avenue in Kissimmee, Florida, with immediate access to U.S. Highway 192, U.S. Highway 17/92, John Young Parkway, Florida’s Turnpike, and SR 417. Osceola County CR zoning applies to the site, while the surrounding roadway network connects the property with Kissimmee, Orlando, and the broader Central Florida market.
The property is located at 201 West Donegan Avenue in Kissimmee, Florida, with immediate access to U.S. Highway 192, U.S. Highway 17/92, John Young Parkway, Florida’s Turnpike, and SR 417. Osceola County CR zoning applies to the site, while the surrounding roadway network connects the property with Kissimmee, Orlando, and the broader Central Florida market.
Key Highlights
- 10,156 SF flex building configured with five suites
- Suite sizes range from 1,000 SF to 4,500 SF
- Clear heights range from 13.5’ to 15’
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
$67,654
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
3.87%
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%
$1,353,080
$1.4M
Cap Rate 7%
$966,486
$966.5K
Cap Rate 9%
$751,711
$751.7K
Market Conditions
NOI Build-Up for 10,156 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
$86.3K $8.50/SF
− Vacancy
−$6.7K −$0.66/SF
EGI
$79.6K $7.84/SF
− OpEx
−$11.9K −$1.18/SF
NOI
$67.7K $6.66/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$8.50 /SF/Yr
Expense Ratio
15.00%
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%
$1,353,080
Cap Rate 7%
$966,486
Cap Rate 9%
$751,711
Alternative Uses
Best Use
Warehouse
$966.5K
$845.7K – $1.13M
NOI $67,654 @ 7.0% cap · market cap 3.87%
Second Best
Flex RnD
$780.9K
$683.3K – $911.0K
NOI $54,660 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,840 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial space accommodates office, retail, showroom, salon, and warehouse uses.
Where is this flex space located?
The property is located at 201 West Donegan Avenue Kissimmee, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 10,156 SF flex building configured with five suites; Suite sizes range from 1,000 SF to 4,500 SF; Clear heights range from 13.5’ to 15’
