Three-Suite Medical Office
311 West Bass Street, Kissimmee, FL 34741
For Sale
Contact for pricing
Two healthcare operators occupy the property under NNN leases with 3% annual rent increases.
Property Size10,041 SF
Lot Size0.59 Acres
Price / SF$400.36
Days on Market19
Property Features for 311 West Bass Street
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Office Units
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Millenia Partners
Listed By:
Anthony Giebel · License FL BK3505275
(407) 201-0000
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 3:22PM
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 Millenia Partners
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Investment Insights
Based on property information with market context.
This 10,041 RSF medical office property contains three suites and is fully leased to two medical operators. NNN leases include 3% annual rent increases, and both occupants renewed in 2026, extending their terms through December 31, 2031. Each lease includes renewal options; one also carries a corporate guaranty. The anchor occupant has expanded into an additional suite.
The 0.59-acre property provides 27 on-site parking spaces and sits directly across from HCA Florida Osceola Hospital, a 400+ bed Level II Trauma Center. The hospital is identified as the anchor of Kissimmee’s medical corridor.
The 0.59-acre property provides 27 on-site parking spaces and sits directly across from HCA Florida Osceola Hospital, a 400+ bed Level II Trauma Center. The hospital is identified as the anchor of Kissimmee’s medical corridor.
Key Highlights
- 10,041 RSF medical office building configured as three suites
- Fully leased to two medical operators under NNN agreements
- Both tenants renewed in 2026, extending leases through December 31, 2031
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,014
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,300,280
$3.3M
Cap Rate 7%
$2,357,343
$2.4M
Cap Rate 9%
$1,833,489
$1.8M
Market Conditions
NOI Build-Up for 10,041 SF
Gross rent
$265.1K $26.40/SF
− Vacancy
−$45.1K −$4.49/SF
EGI
$220.0K $21.91/SF
− OpEx
−$55.0K −$5.48/SF
NOI
$165.0K $16.43/SF
Area
Osceola County, FL
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,300,280
Cap Rate 7%
$2,357,343
Cap Rate 9%
$1,833,489
Alternative Uses
Best Use
Office B
$2.36M
$2.06M – $2.75M
NOI $165,014 @ 7.0% cap · market cap 4.10%
Second Best
Healthcare Medical
$2.01M
$1.76M – $2.34M
NOI $140,433 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$3.10M
$2.72M – $3.62M
NOI $217,337 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,378
Businesses Nearby
Well-served
Demand for This Use
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
$270,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Kissimmee, FL
Properties on Market for Medical Office Space in Kissimmee
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- Bellville Michelle DVM — 403 E Vine St, Kissimmee, FL 34744
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two healthcare operators occupy the property under NNN leases with 3% annual rent increases.
Where is this medical office space located?
The property is located at 311 West Bass Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $4,020,000.
What are key features of this property?
This property features: 10,041 RSF medical office building configured as three suites; Fully leased to two medical operators under NNN agreements; Both tenants renewed in 2026, extending leases through December 31, 2031
