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    Mediterranean Dr Poinciana, FL 34759

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    Mediterranean Dr Poinciana, FL 34759

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    • Land
    • 8.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Mediterranean Dr

    Lot size
    8.50 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 8.5-acre parcel in Kissimmee, Florida, presents a remarkable investment opportunity. Zoned Residential Low (RL-4x), this undeveloped land is ideally situated within the Toho Water Authority service area, ensuring convenient access to water and wastewater lines. Approved for the construction of 21 oversized single-family detached homes, this property offers significant development potential. The site boasts densities up to 5 dwelling units per acre and permits for subdivision, farming, and Class I utilities. The surrounding area showcases substantial recent growth, with over 50 new homes within a 1-mile radius, over 250 within 3 miles, and over 600 within a 5-mile radius, indicating a strong and expanding market. Conveniently located near Lake Marion, medical facilities, major retail centers like Walmart, Southport Plaza, and Poinciana Lakes Plaza, restaurants, schools, and world-renowned attractions such as Disney and Universal Studios, this property benefits from exceptional accessibility and high demand. The average household income within a 3-mile radius exceeds $72,000, and the total population within a 5-mile radius surpasses 60,000, underscoring the robust market potential. The address is 0 Mediterranean Drive, Kissimmee, FL 34759. Asking price: $650,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Poinciana
    County
    Polk
    State
    Florida
    Longitude
    -81.5163
    Latitude
    28.0807

    Comparable in this City

    • Value Estimation by Request
      5.65 Acres

      Michigan Ave

      Land • 5.65 Acres
      0 Michigan Ave, Poinciana, FL 34759
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    • Value Estimation by Request
      864.00 Acres

      6000 Marigold Ave

      Land • 864.00 Acres
      6000 Marigold Ave, Poinciana, FL 34759
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    • Value Estimation by Request
      0.16 Acres

      1267 Baltic Dr

      Land • 0.16 Acres
      1267 Baltic Dr, Poinciana, FL 34759
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    • Value Estimation by Request
      0.16 Acres

      442 Naples Ct

      Land • 0.16 Acres
      442 Naples Ct, Poinciana, FL 34759
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    • Value Estimation by Request
      8.50 Acres

      Mediterranean Dr

      Land • 8.50 Acres
      0 Mediterranean Dr, Poinciana, FL 34759
      View Details
    • Value Estimation by Request
      12.39 Acres

      0000 Marigold Ave

      Land • 12.39 Acres
      0000 Marigold Ave, Poinciana, FL 34759
      View Details

    Similar Nearby for Sale

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      Four Lots Ready For Sale

      Four lots with completed utilities, ready for immediate sale.
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    Similar Nearby for Lease

    • $1,700 /Mo

      Spacious Duplex with Garage

      Two-bedroom duplex with garage, screened porch, and large lot.
      504 Blackbird Ln, Poinciana, FL 34759
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    • $2,500 /Mo
      1 SF

      KISSIMMEE, FL Commercial Building

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    • $30 SF/Yr
      3,533 SF

      Retail Space on Cypress Parkway

      Retail space with high traffic and strong demographics.
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    • Contact for pricing
      1,600 SF

      Retail Space in Poinciana, FL

      Commercial retail space available in late December 2023.
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    • Contact for pricing

      Class A Medical Office Space

      Medical office suites available within HCA Florida Poinciana Campus.
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    • Contact for pricing
      3,000 SF

      Poinciana Medical Office Space Available

      3,000 SF medical office space for lease in Poinciana.
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      View Details
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    Mediterranean Dr
    Poinciana, FL 34759
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    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
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