Mixed-Use Property with Retail
For Sale
$3,200,000
219 BROADWAY, Kissimmee, FL 34741
Commercial Sale, KISSIMMEE, FL
Property Size16,083 SF
Lot Size0.24 Acres
Price / SF$198.97
Days on Market249
Property Features for 219 BROADWAY
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
KB1
Subdivision
SOUTH FLORIDA RAILROAD CO
Directions
Head east on Osceola Parkway toward Kissimmee. Continue straight as Osceola Parkway to left on OBT continued onto Broadway (near Downtown Kissimmee). Continue north on Broadway for about 0.2 miles. The destination, 219-231 Broadway, will be on your left.
Standard status
Active
APN
22-25-29-2170-0012-0080
Size
16,083 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S FLA RR SURVEY PB A PG 003 BLK 12 LOT 8
Tax Annual Amount
31111
Legal Description
S FLA RR SURVEY PB A PG 003 BLK 12 LOT 8
Utilities
Cooling system
Central Air
Building Details
Year built
1910
Building materials
Block, Brick, Concrete, Stucco
Listing Agency:
GPS PROPERTY GROUP INC.
(407) 439-2527
Listed By:
Abel Jimenez · License #3181531
(407) 452-4119
Added: Dec 18, 2025
Changed: Aug 22
Last Checked: Aug 24 at 2:06PM
MLS# S5140469
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 16,083 square feet on a 0.24-acre site. Built in 1910, the improvements use block, brick, concrete, and stucco construction and include central air. The space is described as adaptable for retail, office, restaurant, creative workspace, and adaptive reuse concepts.
The property is located at 219 Broadway in downtown Kissimmee, within an arts and cultural district near the courthouse, pedestrian corridors, local dining, entertainment, and civic destinations. A public art mural project, “The Garden Within,” is underway on the site. The property is also near the future SunRail station area and has exposure to Broadway, identified as the main thoroughfare through the downtown core.
The property is located at 219 Broadway in downtown Kissimmee, within an arts and cultural district near the courthouse, pedestrian corridors, local dining, entertainment, and civic destinations. A public art mural project, “The Garden Within,” is underway on the site. The property is also near the future SunRail station area and has exposure to Broadway, identified as the main thoroughfare through the downtown core.
Key Highlights
- 16,083 SF of mixed‑use commercial space
- 0.24‑acre site at 219 Broadway, Kissimmee
- KB1 zoning
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
Retail
$2.58M
$2.26M – $3.01M
NOI $180,611 @ 7.0% cap · market cap 5.64%
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
Lease Details
Yes
Paved road access
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 Retail 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 - Flexible commercial space in KB1 zoning with central air and multiple potential configurations.
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: 16,083 SF of mixed‑use commercial space; 0.24‑acre site at 219 Broadway, Kissimmee; KB1 zoning
