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 Market145
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: Sep 4
Last Checked: Sep 14 at 1:04PM
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
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
$181,115
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
5.66%
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%
$3,622,300
$3.6M
Cap Rate 7%
$2,587,357
$2.6M
Cap Rate 9%
$2,012,389
$2.0M
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
$318.4K $19.80/SF
− Vacancy
−$28.7K −$1.78/SF
EGI
$289.8K $18.02/SF
− OpEx
−$108.7K −$6.76/SF
NOI
$181.1K $11.26/SF
Area
Polk County, FL
Vacancy
9.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
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%
$3,622,300
Cap Rate 7%
$2,587,357
Cap Rate 9%
$2,012,389
Alternative Uses
Best Use
Mixed Use
$2.59M
$2.26M – $3.02M
NOI $181,115 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
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
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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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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.
