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    Property profile & analytics

    10 Blake Blvd Kissimmee, FL 34747

    • Community centers
    • 63,819 SF
    • 18.50 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5943511
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Joe's Crab Shack / Restaurant

    Property Details for 10 Blake Blvd

    Year built
    2004
    Lot size
    18.50 lot acres
    Property size
    63,819 SF
    Zone code
    OPUD
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    72528284300010060
    APU
    72528284300010060

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $18,105,000
      Current use
      AUTO REPAIR, GARAGE
      $19,070,000
      Change: +5% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $17,595,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $16,505,000
      Change: -9% Conversion: Moderate
      RETAIL STORES
      $16,180,000
      Change: -11% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.5269
    Latitude
    28.3313
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $420,687
    $5,381,900
    $23,750,300
    $29,132,200
    -
    $5,381,900
    $23,750,300
    $29,132,200

    Comparable in this City

    • Value Estimation
      $9,135,000
      43,227 SF

      7800 Irlo Bronson Memorial Hwy

      MINI-MALL • 43,227 SF
      7800 Irlo Bronson Memorial Hwy, Kissimmee, FL 34747
      View Details
    • Value Estimation
      $4,880,000
      21,672 SF

      2901 Pkwy Blvd Ste A1

      MINI-MALL • 21,672 SF
      2901 Pkwy Blvd Ste A1, Kissimmee, FL 34747-4510
      View Details
    • Value Estimation
      $2,850,000
      14,466 SF

      7860 Irlo Bronson Memorial Hwy

      MINI-MALL • 14,466 SF
      7860 Irlo Bronson Memorial Hwy, Kissimmee, FL 34747-1738
      View Details
    • Value Estimation
      $2,420,000
      12,454 SF

      715 Bloom St Ste, Unit 110

      SHOPPING CENTER, STRIP CENTER • 12,454 SF
      715 Bloom St Ste, Celebration, FL 34747-4698
      View Details
    • Value Estimation
      $4,230,000
      27,297 SF

      7702 Irlo Bronson Memorial Hwy

      SHOPPING CENTER, STRIP CENTER • 27,297 SF
      7702 Irlo Bronson Memorial Hwy, Kissimmee, FL 34747-1741
      View Details
    • Value Estimation
      $12,565,000
      63,888 SF

      3201 Rolling Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 63,888 SF
      3201 Rolling Oaks Blvd, Kissimmee, FL 34747-3053
      View Details

    Similar Nearby for Sale

    • 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
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    • $79,000
      0.11 Acres

      Water View Lot in Reunion

      Premier water view lot in Reunion Resort's Patriots Landing.
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      REUNION, FL Corner Vacant Lot

      Prime corner vacant lot in luxurious Reunion Resort.
      750 Golden Bear Dr, Reunion, FL 34747
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    • $100,000
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      Reunion Resort Land Opportunity

      4,731 sq ft lot in Reunion Resort with pond view.
      1523 Fairview Cir, Reunion, FL 34747
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    Similar Nearby for Lease

    • Contact for pricing

      Kissimmee Retail Space For Lease

      Regional power center in the heart of Kissimmee tourist node.
      3202 Rolling Oaks Blvd, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      1,207 SF

      Prime Retail Space Available

      Retail space in tourist corridor near Disney and Orlando outlets.
      6115 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      1,207 SF

      Retail Space Near Disney Parks

      Retail spaces available near Disney theme parks and Orlando outlets.
      6117 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      5,050 SF

      Retail Space Near Disney Parks

      Nike anchored shopping center with high visibility and traffic.
      6149 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34747
      View Details
    • Contact for pricing
      5,670 SF

      Restaurant Space Near Theme Parks

      Freestanding 5,670 SF restaurant space available for lease.
      8085 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
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    10 Blake Blvd
    Kissimmee, FL 34747
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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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