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Single-Story Medical Office Space
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5092 OLD TAMPA HWY #01, Kissimmee, FL 34758

Under-construction shell with flexible interior planning, shared patio access, and pylon signage within a new commercial development.

Property Size4,181 SF
Days on Market68

Property Features for 5092 OLD TAMPA HWY #01

General Information

Standard status Active
Size 4,181 SF
Property subtype Medical Office

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Amenities

shared patio space
pylon sign access

Building Details

Building Size 4,181 SF
Year Built 2026
Buildings 1
Stories 1
Listing Agency: THE MARKS GROUP REALTY, LLC
Listed By: Wyatt Marks · License #3135582
Source: Thefullerproperties
Added: Jun 11 Changed: Aug 14 Last Checked: Aug 16 at 3:38PM

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 01 is a single-story medical office property under construction at Poinciana Exchange. Delivery is planned in dark gray shell condition, allowing the purchaser to configure the interior around its operational requirements. The property also includes access to a shared patio and pylon signage at the development entrances.

The project occupies the northeast corner of Poinciana Boulevard and Orange Blossom Trail in Kissimmee, adjacent to The Home Depot and near Wawa, Twistee Treat, and Family Dollar. Combined traffic at the surrounding roadways exceeds 49,000 cars per day. Multiple roadway access points serve the development, and the property is within walking distance of the SunRail Station. The location is also near Tractor Supply, with a Target-anchored shopping center and hospital identified as coming soon at the southern portion of the intersection.

Key Highlights

  • Single‑story Building 01 delivered in dark gray shell condition
  • Customizable interior provides flexibility for owner‑user buildout
  • Northeast corner of Poinciana Blvd & Orange Blossom Trail

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
$52,538
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
3.61%
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%
$1,050,760 $1.1M
Cap Rate 7%
$750,543 $750.5K
Cap Rate 9%
$583,756 $583.8K
Market Conditions
NOI Build-Up for 4,181 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
$97.8K $23.40/SF
− Vacancy
−$10.3K −$2.46/SF
EGI
$87.6K $20.94/SF
− OpEx
−$35.0K −$8.38/SF
NOI
$52.5K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
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%
$1,050,760
Cap Rate 7%
$750,543
Cap Rate 9%
$583,756

Alternative Uses

Best Use
Healthcare Medical
$750.5K
$656.7K – $875.6K (±1% cap)
NOI $52,538 @ 7.0% cap · market cap 3.61%
Second Best
Office B
$733.8K
$642.1K – $856.1K (±1% cap)
NOI $51,364 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M (±1% cap)
NOI $70,331 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Pharmacy Nail Salon Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

191
Businesses Nearby
Balanced
Demand for This Use

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Under-construction shell with flexible interior planning, shared patio access, and pylon signage within a new commercial development.
Where is this medical office space located?
The property is located at 5092 OLD TAMPA HWY #01 Kissimmee, FL.
What is the asking price?
The asking price for this property is $1,456,000.
What are key features of this property?
This property features: Single‑story Building 01 delivered in dark gray shell condition; Customizable interior provides flexibility for owner‑user buildout; Northeast corner of Poinciana Blvd & Orange Blossom Trail
(352) 432-8678 Call to check price and availability
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