Office Unit with Private
For Sale
$310,000
705 E OAK STREET #B, Kissimmee, FL 34744
Includes a reception area, conference room, convenient client access, and ample parking.
Property Size1,239 SF
Days on Market108
Property Features for 705 E OAK STREET #B
General Information
Standard status
Active
Size
1,239 SF
Property subtype
Commercial
Zoning
KMPU
Taxes and HOA fees
Annual Taxes
$2,750
Amenities
private offices
reception area
conference room
Building Details
Building Size
1,239 SF
Year Built
1989
Listing Agency:
CLARK INVESTMENT PROPERTIES
(407) 933-4499
Listed By:
Renee Clark · License #577612
(407) 933-4499
Source:
Mbifloridarealty
Added: May 8
Changed: Aug 22
Last Checked: Aug 22 at 4:40AM
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 CLARK INVESTMENT PROPERTIES
Investment Insights
Based on property information with market context.
This office condominium at 705 E Oak Street, Unit B, in Kissimmee provides a professional commercial setting with private offices, a reception area, and a conference room. The layout is suited to office users seeking defined work areas and space for meetings.
Built in 1989, the property is positioned within a convenient business location and offers straightforward client access along with ample parking. The unit is located in a commercial area zoned KMPU.
Built in 1989, the property is positioned within a convenient business location and offers straightforward client access along with ample parking. The unit is located in a commercial area zoned KMPU.
Key Highlights
- Office condominium at 705 E Oak Street #B in Kissimmee
- Private offices provide defined work areas
- Reception area and conference room included
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
$15,569
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
5.02%
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%
$311,380
$311.4K
Cap Rate 7%
$222,414
$222.4K
Cap Rate 9%
$172,989
$173.0K
Market Conditions
NOI Build-Up for 1,239 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
$29.0K $23.40/SF
− Vacancy
−$3.0K −$2.46/SF
EGI
$25.9K $20.94/SF
− OpEx
−$10.4K −$8.38/SF
NOI
$15.6K $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%
$311,380
Cap Rate 7%
$222,414
Cap Rate 9%
$172,989
Alternative Uses
Best Use
Healthcare Medical
$222.4K
$194.6K – $259.5K
NOI $15,569 @ 7.0% cap · market cap 5.02%
Second Best
Office B
$217.4K
$190.3K – $253.7K
NOI $15,221 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$297.7K
$260.5K – $347.4K
NOI $20,842 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,134
Businesses Nearby
Explore this area
Business Placement
Demographics for 34744, FL
59,232
Population
22,800
Households
2.6
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
33.3 sq mi
ZIP Area
1,779
Density / Sq Mi
$69,837
Median Household Income
$35,174
Median Earnings
$1,426
Median Rent
$326,700
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?
Office units - Includes a reception area, conference room, convenient client access, and ample parking.
Where is this office units located?
The property is located at 705 E OAK STREET #B Kissimmee, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Office condominium at 705 E Oak Street #B in Kissimmee; Private offices provide defined work areas; Reception area and conference room included
