Historic Downtown Kissimmee Mixed-Use
For Sale
$3,200,000
219 BROADWAY, Kissimmee, FL 34741
Premier investment opportunity in the heart of Historic Downtown Kissimmee!
Property Size16,083 SF
Lot Size0.24 Acres
Price / SF$198.97
Days on Market234
Property Features for 219 BROADWAY
General Information
Standard status
Active
Size
16,083 SF
Lot size
0.24 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$31,111
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Mini-Split Unit(s) Cooling
Building Details
Year Built
1910
Listing Agency:
GPS PROPERTY GROUP INC.
(407) 439-2527
Listed By:
ABEL JIMENEZ · License #3181531
Source:
Corcoran
Added: Dec 19, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:54PM
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 GPS PROPERTY GROUP INC.
Investment Insights
Based on property information with market context.
Located at 219-231 Broadway, Kissimmee, FL 34741, this commercial property offers an investment opportunity in the heart of Historic Downtown Kissimmee. The property features over 16,000 square feet of mixed-use space suitable for retail, office, restaurant, creative workspace, and adaptive reuse concepts. Situated along Broadway, the main thoroughfare through the downtown core, the property benefits from high visibility and traffic. It is located moments from the courthouse, pedestrian corridors, and the future SunRail station area. The site is located in a vibrant arts and cultural district that continues to see revitalization. A signature public art mural project is underway, adding character and drawing community engagement to the block. The property's pedestrian environment, proximity to local dining, entertainment, and civic destinations, and redevelopment potential make this a strategic holding with immediate presence and long-term value potential.
Key Highlights
- Prime location on Broadway in Historic Downtown Kissimmee.
- High‑visibility and high‑traffic location near courthouse and future SunRail station.
- Over 16,000± SF of flexible mixed‑use space.
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
$209,102
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
6.53%
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%
$4,182,040
$4.2M
Cap Rate 7%
$2,987,171
$3.0M
Cap Rate 9%
$2,323,356
$2.3M
Market Conditions
NOI Build-Up for 16,083 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
$299.1K $18.60/SF
− Vacancy
−$20.3K −$1.26/SF
EGI
$278.8K $17.34/SF
− OpEx
−$69.7K −$4.33/SF
NOI
$209.1K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /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%
$4,182,040
Cap Rate 7%
$2,987,171
Cap Rate 9%
$2,323,356
Alternative Uses
Best Use
Specialty Retail
$2.99M
$2.61M – $3.49M
NOI $209,102 @ 7.0% cap · market cap 6.53%
Second Best
Office B
$2.82M
$2.47M – $3.29M
NOI $197,580 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,542 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,407
Businesses Nearby
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 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?
Mixed-use property - Premier investment opportunity in the heart of Historic Downtown Kissimmee!
Where is this mixed-use property located?
The property is located at 219 BROADWAY Kissimmee, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Prime location on Broadway in Historic Downtown Kissimmee.; High‑visibility and high‑traffic location near courthouse and future SunRail station.; Over 16,000± SF of flexible mixed‑use space.
