Historic Downtown Kissimmee Mixed-Use
219 BROADWAY Kissimmee, FL 34741
For Sale
$3,200,000
Premier investment opportunity in the heart of Historic Downtown Kissimmee.
Property Size16,000 SF
Price / SF$200
Days on Market97
Property Features for 219 BROADWAY
General Information
Standard status
Active
Size
16,000 SF
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
GPS Property Group Inc.
(407) 452-4119
Listed By:
Abel Jimenez · License #3181531
(407) 452-4119
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 10:07AM
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 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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $336.0k | $21.00 |
| − Vacancy | −$73.9k | −$4.62 |
| EGI | $262.1k | $16.38 |
| − OpEx | −$65.5k | −$4.10 |
| NOI | $196.6k | $12.29 |
16,000 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $196,560 @ 7.0% cap · market cap 6.14%
Second Best
Mixed Use
$2.57M
$2.25M – $3.00M
NOI $180,180 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$3.84M
$3.36M – $4.49M
NOI $269,146 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
