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
Price / SF$198.97
Days on Market190
Property Features for 219 Broadway
General Information
Standard status
Active
Size
16,083 SF
Building Details
Year Built
1910
Listing Agency:
GPS PROPERTY GROUP INC.
Listed By:
Abel Jimenez · License #3181531
(407) 452-4119
Source:
Chenoregroup
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 1:00PM
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.
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Investment Insights
Based on property information with market context.
Located in the heart of Historic Downtown Kissimmee, this commercial property offers an investment opportunity along Broadway. The property features over 16,000 square feet of flexible mixed-use space suitable for retail, office, restaurant, creative workspace, and adaptive reuse concepts. The location provides high visibility and traffic, being situated near the courthouse, pedestrian corridors, and the future SunRail station area. The property benefits from strong walk-by and drive-by exposure. The site is located in a vibrant arts and cultural district undergoing revitalization and features a signature public art mural project, adding character and community engagement. Downtown Kissimmee's pedestrian environment, proximity to local dining, entertainment, and civic destinations, and redevelopment trends enhance the property's value. The location has a bike score of 69, indicating it is bikeable, a walk score of 80, indicating it is very walkable, and a transit score of 46, indicating some transit options are available.
Key Highlights
- Prime location on Broadway in Historic Downtown Kissimmee, a high‑visibility, high‑traffic area.
- Expansive 16,000± SF of flexible mixed‑use space suitable for various business types.
- Strong walk‑by and drive‑by exposure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,296
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,245,920
$4.2M
Cap Rate 7%
$3,032,800
$3.0M
Cap Rate 9%
$2,358,844
$2.4M
Market Conditions
NOI Build-Up for 16,083 SF
Gross rent
$386.0K $24.00/SF
− Vacancy
−$46.3K −$2.88/SF
EGI
$339.7K $21.12/SF
− OpEx
−$127.4K −$7.92/SF
NOI
$212.3K $13.20/SF
Area
Osceola County, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,245,920
Cap Rate 7%
$3,032,800
Cap Rate 9%
$2,358,844
Alternative Uses
Best Use
Mixed Use
$3.03M
$2.65M – $3.54M
NOI $212,296 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $348,117 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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, a high‑visibility, high‑traffic area.; Expansive 16,000± SF of flexible mixed‑use space suitable for various business types.; Strong walk‑by and drive‑by exposure.
