Single-Story Retail Office
For Sale
$831,250
5046 OLD TAMPA HWY 11, Kissimmee, FL 34758
Under-construction building #11 offers a dark gray shell and customizable interior for retail or office users.
Property Size2,375 SF
Days on Market60
Property Features for 5046 OLD TAMPA HWY 11
General Information
Standard status
Active
Size
2,375 SF
Property subtype
Commercial
Additional Details
Traffic Count
49,000 vehicles/day
Building Details
Building Size
2,375 SF
Year Built
2026
Stories
1
Listing Agency:
THE MARKS GROUP REALTY,LLC
(352) 432-8678
Listed By:
Wyatt Marks · License #3135582
(352) 432-8678
Source:
Elliman
Added: Jun 19
Changed: Aug 11
Last Checked: Aug 16 at 6:53AM
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 THE MARKS GROUP REALTY,LLC
Investment Insights
Based on property information with market context.
Building #11 at Poinciana Exchange is a single-story commercial building currently under construction and available for purchase. The delivery is in dark gray shell condition with a fully customizable interior, giving buyers flexibility to design the layout for either retail or office use. Architectural design elements are available within the development for both retail and office concepts, and pylon sign access is available at entrances. Each building is sold individually, supporting ownership for owner-users or investors seeking a right-sized footprint within the larger project.
The development is located at the northeast corner of Poinciana Blvd and Orange Blossom Trail and sits adjacent to major retailers including The Home Depot. The property is positioned alongside additional national retail users, including Wawa, Twistee Treat, and Family Dollar. Public remarks also reference nearby Tractor Supply and a new major Target-anchored shopping center and hospital planned at the southern part of the intersection. Multiple access points from surrounding roadways are described, and the development is in walking distance to the SunRail Station.
For tenants, buyers, and investors, this asset is suited to smaller businesses that need a flexible interior buildout and a dedicated, ownership-based approach within an active retail node. The car-dependent, road-access approach and the nearby concentration of established retail uses may support businesses that rely on convenient drive-by access from the corridor.
The development is located at the northeast corner of Poinciana Blvd and Orange Blossom Trail and sits adjacent to major retailers including The Home Depot. The property is positioned alongside additional national retail users, including Wawa, Twistee Treat, and Family Dollar. Public remarks also reference nearby Tractor Supply and a new major Target-anchored shopping center and hospital planned at the southern part of the intersection. Multiple access points from surrounding roadways are described, and the development is in walking distance to the SunRail Station.
For tenants, buyers, and investors, this asset is suited to smaller businesses that need a flexible interior buildout and a dedicated, ownership-based approach within an active retail node. The car-dependent, road-access approach and the nearby concentration of established retail uses may support businesses that rely on convenient drive-by access from the corridor.
Key Highlights
- Under construction: single‑story Building #11 at Poinciana Exchange (Year built 2026).
- Dark gray shell condition with a fully customizable interior for retail or office layouts.
- Located at the northeast corner of Poinciana Blvd & Orange Blossom Trail, adjacent to The Home Depot.
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
$29,177
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
3.51%
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%
$583,540
$583.5K
Cap Rate 7%
$416,814
$416.8K
Cap Rate 9%
$324,189
$324.2K
Market Conditions
NOI Build-Up for 2,375 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
$49.9K $21.00/SF
− Vacancy
−$11.0K −$4.62/SF
EGI
$38.9K $16.38/SF
− OpEx
−$9.7K −$4.10/SF
NOI
$29.2K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$583,540
Cap Rate 7%
$416,814
Cap Rate 9%
$324,189
Alternative Uses
Best Use
Office B
$416.8K
$364.7K – $486.3K
NOI $29,177 @ 7.0% cap · market cap 3.51%
Second Best
Retail
$381.0K
$333.4K – $444.5K
NOI $26,671 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$570.7K
$499.4K – $665.9K
NOI $39,951 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
49,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 34758, FL
43,282
Population
14,977
Households
2.9
Avg Household Size
36
Median Age
18%
College-Educated
89%
High-School Grad
26.1 sq mi
ZIP Area
1,658
Density / Sq Mi
$67,128
Median Household Income
$35,057
Median Earnings
$1,780
Median Rent
$280,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Under-construction building #11 offers a dark gray shell and customizable interior for retail or office users.
Where is this retail space located?
The property is located at 5046 OLD TAMPA HWY 11 Kissimmee, FL.
What is the asking price?
The asking price for this property is $831,250.
What are key features of this property?
This property features: Under construction: single‑story Building #11 at Poinciana Exchange (Year built 2026).; Dark gray shell condition with a fully customizable interior for retail or office layouts.; Located at the northeast corner of Poinciana Blvd & Orange Blossom Trail, adjacent to The Home Depot.
