Downtown Kissimmee Two-Story Office
815 MABBETTE ST 101 Kissimmee, FL 34741
For Sale
$999,999
Pending
Two-story office building in downtown Kissimmee with ample parking.
Property Size4,140 SF
Lot Size0.41 Acres
Days on Market97
Property Features for 815 MABBETTE ST 101
General Information
Standard status
Pending
Size
4,140 SF
Lot size
0.41 Acres
Property subtype
Commercial
Building Details
Year Built
2008
Listing Agency:
TIE TEAM REALTY LLC
(407) 908-4703
Listed By:
Tawnie McMorrow · License #3279634
(407) 908-4703
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 7:52AM
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 TIE TEAM REALTY LLC
Investment Insights
Based on property information with market context.
Located in downtown Kissimmee, this two-story office building offers 4,140 square feet of professional space on a 0.41-acre corner lot. The property includes a large on-site parking lot and an elevator servicing both floors. The first floor features a reception area, seven private offices, a conference room, a break room, a restroom, two storage closets, and a mechanical room. The second floor includes a reception area, seven private offices, a conference room, a break room, three storage closets, a restroom, and a private balcony. A staircase leads to the attic/mechanical room. The property is suited for law firms, financial services, or professional offices seeking a central, high-traffic location. The building is located minutes from the courthouse, city offices, shops, and restaurants. The bike score is 78, the walk score is 64, and the transit score is 39.
Key Highlights
- Prime downtown Kissimmee location near courthouse, city offices, shops, and restaurants.
- Large on‑site parking lot, a rare and valuable asset in a downtown setting.
- 4,140 sq ft two‑story office building on a 0.41‑acre corner lot with strong visibility.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.9k | $21.00 |
| − Vacancy | −$19.1k | −$4.62 |
| EGI | $67.8k | $16.38 |
| − OpEx | −$17.0k | −$4.10 |
| NOI | $50.9k | $12.29 |
4,140 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$726.6K
$635.8K – $847.7K
NOI $50,860 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$994.9K
$870.5K – $1.16M
NOI $69,641 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in downtown Kissimmee with ample parking.
Where is this office building located?
The property is located at 815 MABBETTE ST 101 Kissimmee, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Prime downtown Kissimmee location near courthouse, city offices, shops, and restaurants.; Large on‑site parking lot, a rare and valuable asset in a downtown setting.; 4,140 sq ft two‑story office building on a 0.41‑acre corner lot with strong visibility.
