Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3298 Margaritaville Blvd Kissimmee, FL 34747
    Back to Search
    Property profile & analytics

    3298 Margaritaville Blvd, Kissimmee, FL 34747

    View on Map
    • Retail properties & Spaces
    • 46,804 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3298 Margaritaville Blvd

    Year built
    2018
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 2,856 square foot retail space, located within the vibrant Promenade at Sunset Walk in Kissimmee, Florida, presents a rare opportunity. Situated in a high-visibility end-cap location, this second-generation restaurant space is the first unit to become available in five years. The property is part of a 200,000 square foot lifestyle center, strategically positioned in the heart of Kissimmee's tourist district on West 192, offering unmatched visibility and proximity to Walt Disney World. Benefit from the significant draw of the adjacent Margaritaville Resort Orlando, attracting 3 million annual guests and boasting a $40 million water park and beach resort. The area features a substantial concentration of hotel rooms, including the resort itself, an Embassy Suites, apartments, and vacation homes, totaling approximately 5,000 rooms. This prime location offers the advantage of being surrounded by established and successful businesses such as Estefan's Kitchen, Ford's Garage, Rock and Brews, GameTime, Studio Movie Grill, Wharf, and Lizzie's BBQ, creating a thriving and synergistic environment. The single-story building was constructed in 2018 and is part of a larger 46,804 square foot development in Osceola County. This space is ideal for a restaurant or similar high-traffic retail business seeking a prime location within a bustling tourist destination.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.6085
    Latitude
    28.346

    Comparable in this City

    • Value Estimation by Request
      1,325 SF

      Franchise Restaurant For Sale In Popular Orlando Tourist Area!

      Restaurants
      0 Franchise Restaurant For Sale In Popular Orlando Tourist Area!, Bay Lake, FL 34747
      View Details
    • Value Estimation by Request
      1,700 SF

      000 In Sales

      Restaurants
      000 In Sales, Bay Lake, FL 34747
      View Details
    • Value Estimation by Request
      1,359 SF

      9030 Irlo Bronson Memorial Hwy

      Restaurants
      9030 Irlo Bronson Memorial Hwy, Kissimmee, FL 34747
      View Details
    • Value Estimation
      $1,620,000
      7,942 SF

      8553 Irlo Bronson Memorial Hwy

      RETAIL STORES (PERSONAL SERVICES)
      8553 Irlo Bronson Memorial Hwy, Kissimmee, FL 34747-8239
      View Details
    • Value Estimation
      $1,570,000
      11,239 SF

      7621 Irlo Bronson Memorial Hwy

      RETAIL STORES (PERSONAL SERVICES)
      7621 Irlo Bronson Memorial Hwy, Kissimmee, FL 34747-1740
      View Details
    • Value Estimation
      $1,350,000
      3,920 SF

      9140 Irlo Bronson Memorial Hwy

      RETAIL STORES (PERSONAL SERVICES)
      9140 Irlo Bronson Memorial Hwy, Kissimmee, FL 34747-1002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      New Health Center Development

      New medical and retail spaces in growing tourism corridor.
      U.S 192 & S.R. 429, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      2,513 SF

      Starbucks NNN Lease Investment Opportunity

      2,513 SF Starbucks in Kissimmee, FL with drive-thru.
      2875 N Old Lake Wilson Rd, Kissimmee, FL 34747
      View Details
    • $3,500,000

      Freestanding Retail Building in Kissimmee

      Free-standing retail building built in 2021 with 100% occupancy.
      2875 N Old Lake Wilson Rd, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      6,611 SF

      Kissimmee Steakhouse Business Opportunity

      Fully operational steakhouse near Disney, a turnkey business opportunity.
      6071 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34747
      View Details
    • $189,900
      0.18 Acres

      REUNION, FL Corner Vacant Lot

      Prime corner vacant lot in luxurious Reunion Resort.
      750 Golden Bear Dr, Reunion, FL 34747
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      170,000 SF

      Retail Space in Master-Planned Community

      Retail, restaurant, and entertainment space for rent in Kissimmee.
      3250 State Rd 429, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      3,050 SF

      Retail and Restaurant Space Available

      New retail development near Disney World and Margaritaville Resort.
      8840 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      2,920 SF

      Retail and Restaurant Space Available

      Retail and restaurant leasing opportunities in Celebration Island Village.
      2195 Celebration Blvd, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      1,538 SF

      Prime Retail/Restaurant/Medical Space Available

      High-visibility retail/restaurant/medical space near Disney and Celebration.
      6051 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      5,126 SF

      Former Restaurant Space on 192

      Former full-service restaurant available for lease or ground lease.
      14990 E Orange Lake Blvd, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      11,000 SF

      Restaurant and Event Space Available

      Restaurant and event space for rent near Disney Parks.
      2851 Maingate Village Cir, Kissimmee, FL 34747
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3298 Margaritaville Blvd
    Kissimmee, FL 34747
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3298 Margaritaville Blvd, Kissimmee, FL, 34747
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!