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    5995 W Irlo Bronson Memorial Hwy Kissimmee, FL 34747

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    Undergoing renovation, this hotel is minutes from Disney.

    Property size:
    95,480 SF
    Lot size:
    7.46 Acres

    Property Features for 5995 W Irlo Bronson Memorial Hwy

    General Information

    Standard status
    Active
    Size
    95,480 SF
    Lot size
    7.46 Acres

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Max Cawal
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY Listing Agent: Max Cawal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    200-Room Hotel Near Disney

    The 200-room Ascend Hotel is currently undergoing a complete renovation to become part of the Choice Hotels Collection. The property is strategically located just minutes from Disney. The hotel is presently closed and not yet open to guests. Renovations are designed to revitalize the property and enhance the overall guest experience. Planned updates include modernized guest rooms, upgraded facilities, and stylish common areas. The location provides significant potential for occupancy and revenue as it caters to families, couples, and travelers seeking proximity to Disney attractions. The comprehensive renovation will include upgraded accommodations featuring modern furnishings and state-of-the-art amenities, enhanced on-site dining options, and improved common areas designed for relaxation and social interaction. The property is primed for a successful rebranding upon completion. The Ascend Hotel is being offered for sale as it prepares to become an appealing destination for travelers. The property offers investors an exciting chance to capitalize on the future of this hotel as it transitions into a modern hospitality experience. The property size is 95480 square feet.
    Location Intelligence

    Current Use by Public Records

    Rodeway Inn Maingate Hotel & Motel Road way Inn Hotel & Motel Maingate Kissimmee Hotel Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Restaurant Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Polk
    State
    Florida
    Longitude
    -81.5242287
    Latitude
    28.3343103

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    FAQs

    What type of property is this?
    Hotel - Undergoing renovation, this hotel is minutes from Disney.
    Where is this hotel located?
    The property is located at 5995 W Irlo Bronson Memorial Hwy Kissimmee, FL.
    What are key features of this property?
    This property features: - Prime location minutes from Disney, offering high occupancy and revenue potential.; - Complete renovation underway to modernize guest rooms, facilities, and common areas.; - Part of the Choice Hotels Collection (Ascend Hotel), providing brand recognition and marketing support.
    (407) 352-1040
    Request Owner's contact information
    5995 W Irlo Bronson Memorial Hwy Kissimmee, FL 34747
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    Kissimmee, FL 34747
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5995 W Irlo Bronson Memorial Hwy Kissimmee, FL 34747
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    Listing Contact
    Max Cawal
    (407) 352-1040
    Learn more
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