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Medical Office Space Near Hospital
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725 E Oak St, Kissimmee, FL 34744

KMPU-zoned property positioned near a major hospital and expanding mixed-use district.

Property Size5,533 SF
Price / SF$307.25
Days on Market143

Property Features for 725 E Oak St

General Information

Standard status Active
Size 5,533 SF
Class B
Property subtype Office
Zoning KMPU

Building Details

Year Built 1990
Buildings 1
Stories 1
Units 1
Listing Agency: Foundry Commercial
Listed By: Chris DeMartino · License #SL3638006
Source: Crexi
Added: Apr 10 Changed: Aug 29 Last Checked: Aug 29 at 3:53PM

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 Foundry Commercial

Investment Insights

Based on property information with market context.

This medical office property was built in 1990 and is designated KMPU zoning. Its Oak Street setting places it on the same street as HCA Florida Osceola Hospital, a 404-bed Level II Trauma Center and UCF College of Medicine teaching hospital.

Oak Street records more than 19,000 vehicles per day within 0.10 miles, while E Vine Street carries 42,000 to 47,000 vehicles within a quarter mile. The surrounding Vine Street CRA includes over 6 million SF of commercial space and is undergoing mixed-use redevelopment that includes 630 new residential units and 51,000+ SF of retail. The three-mile trade area is projected to grow 16% from 2025 to 2030, with household formation expected to rise 17% during that period.

Key Highlights

  • Same street as HCA Florida Osceola Hospital, a 404‑bed Level II Trauma Center
  • KMPU zoning designation
  • Built in 1990

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
$69,527
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
4.09%
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%
$1,390,540 $1.4M
Cap Rate 7%
$993,243 $993.2K
Cap Rate 9%
$772,522 $772.5K
Market Conditions
NOI Build-Up for 5,533 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
$129.5K $23.40/SF
− Vacancy
−$13.6K −$2.46/SF
EGI
$115.9K $20.94/SF
− OpEx
−$46.4K −$8.38/SF
NOI
$69.5K $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%
$1,390,540
Cap Rate 7%
$993,243
Cap Rate 9%
$772,522

Alternative Uses

Best Use
Healthcare Medical
$993.2K
$869.1K – $1.16M (±1% cap)
NOI $69,527 @ 7.0% cap · market cap 4.09%
Second Best
Office B
$971.0K
$849.7K – $1.13M (±1% cap)
NOI $67,973 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M (±1% cap)
NOI $93,074 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Anthony Debonis, ARNP Physician Dr. William Steele Physician Dr. Grigory Gelikman Physician Dr. Sergio Seche Physician Deborah Leblanc Physician

Suggested Use

Top Pick Storage Facility Garden Center Pet Store Catering Service Electrical Service (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

2,541
Businesses Nearby
Well-served
Demand for This Use

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

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  • Bellville Michelle DVM 403 E Vine St, Kissimmee, FL 34744

Frequently Asked Questions

What type of property is this?
Medical Office Space - KMPU-zoned property positioned near a major hospital and expanding mixed-use district.
Where is this medical office space located?
The property is located at 725 E Oak St Kissimmee, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Same street as HCA Florida Osceola Hospital, a 404‑bed Level II Trauma Center; KMPU zoning designation; Built in 1990
More about this property
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