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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Thacker Ave Kissimmee, FL 34741-3070

    • Hotels
    • 27,504 SF
    • 3.71 lot acres
    OFF-MARKET
    Value Estimations
    $8,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6184497
    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

    • Park Royal Orlando / Hotel & Motel

    Property Details for 1500 Thacker Ave

    Year built
    1973
    Lot size
    3.71 lot acres
    Property size
    27,504 SF
    Zone code
    KHC
    Property type
    Hotels
    Property subtype
    Motels
    APN
    172529200900010020
    APU
    172529200900010020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,299,000
      Market price range: $5.73M - $10.3M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $7,685,000
      Current use
      AUTO REPAIR, GARAGE
      $8,220,000
      Change: +7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $7,805,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $7,585,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $7,220,000
      Change: -6% Conversion: Difficult
      RETAIL STORES
      $6,975,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.4249
    Latitude
    28.3061
    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
    $176,779
    $783,300
    $9,305,700
    $10,089,000
    -
    $783,300
    $9,305,700
    $10,089,000

    Comparable in this City

    • Value Estimation
      $3,935,000
      12,656 SF

      2407 Vine St

      HOTEL/MOTEL • 12,656 SF
      2407 Vine St, Kissimmee, FL 34741-3976
      View Details
    • Value Estimation
      $2,665,000
      15,200 SF

      410 Vine St

      HOTEL/MOTEL • 15,200 SF
      410 Vine St, Kissimmee, FL 34741-4155
      View Details
    • Value Estimation
      $1,525,000
      7,680 SF

      801 Vine St

      HOTEL/MOTEL • 7,680 SF
      801 Vine St, Kissimmee, FL 34741-4162
      View Details
    • Value Estimation
      $2,870,000
      18,716 SF

      4125 Vine St

      HOTEL/MOTEL • 18,716 SF
      4125 Vine St, Kissimmee, FL 34741-4503
      View Details
    • Value Estimation
      $1,095,000
      6,240 SF

      3518 Vine St

      HOTEL/MOTEL • 6,240 SF
      3518 Vine St, Kissimmee, FL 34741-4627
      View Details
    • Value Estimation
      $2,955,000
      8,770 SF

      1620 Vine St

      HOTEL/MOTEL • 8,770 SF
      1620 Vine St, Kissimmee, FL 34741-4055
      View Details

    Similar Nearby for Sale

    • $3,500,000
      19,384 SF

      Kissimmee Motel Investment Opportunity

      Turnkey 49-room motel with strong returns in Kissimmee, Florida.
      4121 W Vine St, Kissimmee, FL 34741
      View Details
    • Contact for pricing
      25,198 SF

      Days Inn Orlando/Kissimmee Opportunity

      Well-established Days Inn in high-demand Orlando tourist destination.
      4125 W Vine St, Kissimmee, FL 34741
      View Details
    • Contact for pricing
      1.90 Acres

      Kissimmee Commercial Land - 1.9 Acres

      Prime 1.9-acre commercial development site
      0 Thacker Ave, Kissimmee, FL 34741
      View Details
    • $699,900

      Multifamily Land with Income Potential

      Multifamily land with eight income-producing properties and endless potential.
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    • $350,000

      Kissimmee Duplex in Historic District

      Duplex in downtown Kissimmee's historic district, generating $2,000 monthly income.
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      Downtown Kissimmee Investment Property

      High-yield, 12-key rental with offices.
      13 Dakin Ave, Kissimmee, FL 34741
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    Similar Nearby for Lease

    • $6,000 /Mo

      Downtown Kissimmee Office Suites

      Professional office suites in downtown Kissimmee, furnished or unfurnished.
      917 Emmett St, Kissimmee, FL 34741
      View Details
    • $27,600

      Downtown Kissimmee Professional Office Space

      Professional office space in the heart of Downtown Kissimmee.
      112 N Clyde Ave, Kissimmee, FL 34741
      View Details
    • Contact for pricing
      7,351 SF

      Kissimmee Retail Center For Rent

      Retail center in Kissimmee, built in 2006, 7351 square feet.
      624 E Osceola Pkwy, Kissimmee, FL 34741
      View Details
    • Contact for pricing

      Two-Story Office Building For Rent

      Two-story office building near the County Courthouse available for rent.
      722 Patrick St, Kissimmee, FL 34741
      View Details
    • Contact for pricing
      5,040 SF

      Retail Space in Kissimmee Plaza

      Retail space available in Kissimmee, Florida with established tenants.
      1307-1397 E Osceola Pkwy, Kissimmee, FL 34741
      View Details
    • Contact for pricing
      1,697 SF

      Retail/Medical/Office Space in Kissimmee

      Retail, medical, or office space for lease in Kissimmee.
      1952 S John Young Pkwy, Kissimmee, FL 34741
      View Details

    Property Visit Statistics

    • Visits by month
      38.5k
    • Visitors by month
      22.2k
    • Avg Time on site
      9 min
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    Kissimmee, FL 34741-3070
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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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