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    1156 Donegan Ave Kissimmee, FL 34744

    For Sale
    $3,149,000

    Highly profitable, 100% occupied shopping center.

    Property size:
    10,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Investor opportunity: Donegan Plaza, a 10,560 square foot shopping center in Kissimmee, Florida, is offered for sale at $3,149,000. This fully occupied, multi-tenant property boasts seven tenants under a Net Lease (NN) agreement with a remaining lease term of two years. The property features 9,600 square feet of net rentable space, currently generating a Net Operating Income (NOI) of $162,640, representing a 5.16% cap rate. Pro-forma NOI is projected at $212,000, resulting in a 6.73% pro-forma cap rate. Built in 1988 and renovated in 1993, the single-story building sits on a 0.89-acre lot with 44 parking spaces. The property is zoned OCG/COMMGENBUS and has a total of eight units. Located at 1156 E Donegan Ave, Kissimmee, FL 34744, this prime retail location benefits from its position on a busy avenue with excellent accessibility and connectivity to major city roads. Ongoing road improvements further enhance the property's long-term growth potential. The property's strong occupancy rate and projected NOI growth make it an attractive investment opportunity. The APN is 15 25 29 2991 0001 0030.

    Property Features for 1156 Donegan Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,560 SF
    Lot Size
    38,768 SF

    Building Details

    Year Built/Renovated
    1988/1993
    Stories
    1
    Units
    8

    HighLights

    • Investor opportunity: 10,560 SF shopping center in Kissimmee, FL, offered at $3,149,000.
    • Fully occupied, multi‑tenant property with eight units under Net Lease agreements, generating $162,640 NOI (5.16% cap rate).
    • Pro‑forma NOI projected at $212,000 (6.73% cap rate).
    • 9,600 SF of net rentable space on a 0.89‑acre lot with 44 parking spaces.
    • Located at 1156 E Donegan Ave, Kissimmee, FL 34744, on a busy avenue with excellent accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.3934007
    Latitude
    28.3185832

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    FAQs

    What type of property is this?
    Lifestyle center - Highly profitable, 100% occupied shopping center.
    Where is this lifestyle center located?
    The property is located at 1156 Donegan Ave Kissimmee, FL.
    What is the asking price?
    The asking price for this property is $3,149,000.
    What are key features of this property?
    This property features: Investor opportunity: 10,560 SF shopping center in Kissimmee, FL, offered at $3,149,000.; Fully occupied, multi-tenant property with eight units under Net Lease agreements, generating $162,640 NOI (5.16% cap rate).; Pro-forma NOI projected at $212,000 (6.73% cap rate).
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    Realmo Value Estimation

    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.

    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.

    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
    1156 Donegan Ave Kissimmee, FL 34744
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