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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Manufacturing properties
1611 Broad St Kissimmee, FL 34746-4283
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5402693
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Total area
3,000 SF
Lot
0.85 ac (37,026 SF)
Zoning code
OIG
APN
12628420000050040
UPID
US18-5402693
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wood Craft Architectural Millwork & Displays Industrial Manufacturer
-
WasteAway Septic Service Plumbing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$786k
Blend (final)
Blend
$720k
Owner & transaction history
Millennium 1611 Broad Street Of Lak · 2 yrs held
Millennium 1611 Broad Street Of Lak
since 2023
Last sale
$700,000
1 recorded transaction
Zoning & alternative use
OIG · Kissimmee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$895,000
+8.4%
Neighborhood: shopping center
$850,000
+2.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kissimmee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kissimmee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$895,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$825,000
Current use
AUTO REPAIR, GARAGE
$895,000
Change: +8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$760,000
Change: -8% · Conversion: Moderate
WAREHOUSE, STORAGE
$665,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $700k (Dec 4 2023)
Last sale anchor
$700k
Dec 4 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$240 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,006
Tax year 2023
Assessed value
$309,700
Assessed 2023
Previous assessed
$309,700
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$175,300
Assessed improvement
$134,400
Land market value
$175,300
Improvement market value
$134,400
Total market value
$309,700
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
3
Bathrooms
1
Total area
3,000 SF
Lot
0.85 ac (37,026 SF)
Zoning code
OIG
APN
12628420000050040
UPID
US18-5402693
Jurisdiction
OSCEOLA
Zoning & alternative use
OIG · Kissimmee, FL
Zoning OIG · permitted uses
OIG · Kissimmee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kissimmee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$850,000
OFFICE BUILDING
Est. value
$775,000
RETAIL STORES
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$665,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Rooms
3
Bathrooms
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Millennium 1611 Broad Street Of Lak
Individual
Mailing address
6551 N ORANGE BLOSSOM TRL #20930, MOUNT DORA, FL 32757-7013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
$700,000
Millennium 1611 Broad Street Of Lak
Robert R Robert
Warranty Deed
$600,000 · Rd&m Robert Partnership
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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