Kissimmee Commercial Building Investment
105 E Cypress St, Kissimmee, FL 34744
Two-unit commercial building in historic Kissimmee with parking.
Type:Mixed Use, Office, Retail
Property size:
1,568 SFPrice / SF:
$171/SF- Added:
- Jan 9, 2024
- Days on Market:
- 875
- Last Refresh:
- May 12 at 9:12 pm
Property Features for 105 E Cypress St
General Information
- Standard status
- Active
- Size
- 1,568 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1948
Listing agent Sammy Nakhleh License #3321921
Listing office Century 21 Carioti
Listing date Jan 9, 2024
Source Crexi
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 Century 21 Carioti
HighLights
- Income‑generating property with two tenant‑occupied units, currently a barber shop and Caribbean restaurant.
- Recent major renovations including: new plumbing, new electric panel, and a new roof installed in 2023.
- Dedicated parking lot across the street with space for 12 cars.
- Prime corner lot location in a historical area of Kissimmee.
- Both units have newer AC units; Unit 2 also features new floors, new paint, and a new bathroom.
- Exterior of the building has been recently painted.
Overview
This two-unit commercial building presents an investment opportunity in a historical area of Kissimmee. Situated on a corner lot, the property includes a parking lot across the street with space for 12 cars. The building features updated plumbing, a new electric panel, and a new roof installed in 2023. The exterior has been recently painted. Unit 1 is currently operating as a barber shop and includes a newer AC unit. Unit 2 is a Caribbean restaurant with a newer AC unit, new floors, new paint, and a new bathroom. Both units are currently generating income. The property has a size of 1568 square feet.
Local Financial Insights For Specialty Retail
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 | $29.2k | $18.60 |
| − Vacancy | −$2.0k | −$1.26 |
| EGI | $27.2k | $17.34 |
| − OpEx | −$6.8k | −$4.33 |
| NOI | $20.4k | $13.00 |
1,568 SF · lease $18.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$291.2K
$254.8K – $339.8K
NOI $20,386 @ 7.0% cap · market cap 7.58%
Second Best
Office B
$275.2K
$240.8K – $321.1K
NOI $19,263 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$376.8K
$329.7K – $439.6K
NOI $26,376 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
My Father Cars ...
Car Dealership
Dominique's kitchen Llc
Restaurant
Location Insight
- Map
- Local Demand
- City
- Kissimmee
- County
- Polk
- State
- Florida
- Longitude
- -81.402756
- Latitude
- 28.3058549
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-unit commercial building in historic Kissimmee with parking.
Where is this mixed-use property located?
The property is located at 105 E Cypress St Kissimmee, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Income‑generating property with two tenant‑occupied units, currently a barber shop and Caribbean restaurant.; Recent major renovations including: new plumbing, new electric panel, and a new roof installed in 2023.; Dedicated parking lot across the street with space for 12 cars.
