Multi-Suite Medical Office
323 W CYPRESS Street, Kissimmee, FL 34741
For Sale
$1,500,000
Commercial Sale, KISSIMMEE, FL
Property Size4,551 SF
Lot Size0.44 Acres
Price / SF$329.60
Days on Market87
Property Features for 323 W CYPRESS Street
General Information
Property type
Property subtype
Zoning
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
EAST PARK REALTY LLC
Listed By:
Racquel Schroeder · License FL #3041375
(321) 624-5780
Added: Aug 18
Changed: Nov 10
Last Checked: Nov 12 at 6:06AM
MLS# S5155353
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,551-square-foot medical office building contains three addressable units beneath one roof at 323–327 W. Cypress St. The interior includes approximately 26 rooms arranged as exam rooms, private offices, and clinic areas, along with 6 restrooms, a dedicated waiting room, and multiple reception and lobby spaces. Each unit is separately metered for electric and water. The property has brick construction, ceramic tile and carpet flooring, central heating, central air, public water, and public sewer. A 2026 roof and 19 parking spaces, including handicap spaces, are also provided.
The corner property sits one block off Hwy 192 and between two hospitals. Unit 323 is occupied under a month-to-month lease, while units 325 and 327 are vacant. The two latter suites have separate exterior entrances and an interior connecting door, allowing approximately 2,900–3,200 square feet to function together or independently. The full building or individual units may be leased separately.
The corner property sits one block off Hwy 192 and between two hospitals. Unit 323 is occupied under a month-to-month lease, while units 325 and 327 are vacant. The two latter suites have separate exterior entrances and an interior connecting door, allowing approximately 2,900–3,200 square feet to function together or independently. The full building or individual units may be leased separately.
Key Highlights
- 4,551 SF medical office building on a 0.44‑acre corner lot
- Approximately 26 rooms, including exam rooms, private offices, and clinic areas
- 6 restrooms, dedicated waiting room, and multiple reception or lobby areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,791
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,495,820
$1.5M
Cap Rate 7%
$1,068,443
$1.1M
Cap Rate 9%
$831,011
$831.0K
Market Conditions
NOI Build-Up for 4,551 SF
Gross rent
$120.1K $26.40/SF
− Vacancy
−$20.4K −$4.49/SF
EGI
$99.7K $21.91/SF
− OpEx
−$24.9K −$5.48/SF
NOI
$74.8K $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%
$1,495,820
Cap Rate 7%
$1,068,443
Cap Rate 9%
$831,011
Alternative Uses
Best Use
Office B
$1.07M
$934.9K – $1.25M
NOI $74,791 @ 7.0% cap · market cap 4.99%
Second Best
Healthcare Medical
$909.3K
$795.6K – $1.06M
NOI $63,650 @ 7.0% cap · market cap 4.24%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,506 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,948
Businesses Nearby
Balanced
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
$270,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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
- Osceola Animal Clinic — 1513 N Main St, Kissimmee, FL 34744
- Dr. Thomas Beaudry DVM — 1513 N Main St, Kissimmee, FL 34744
- Kissimmee Animal Hospital — 403 E Vine St, Kissimmee, FL 34744
- Bellville Michelle DVM — 403 E Vine St, Kissimmee, FL 34744
Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner-lot medical office property with flexible suite configurations, separate metering, and existing clinical improvements.
Where is this medical office space located?
The property is located at 323 W CYPRESS Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,551 SF medical office building on a 0.44‑acre corner lot; Approximately 26 rooms, including exam rooms, private offices, and clinic areas; 6 restrooms, dedicated waiting room, and multiple reception or lobby areas
