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Property profile & analytics
FOR LEASE
Theaters & concert halls
1821 Armstrong Blvd Kissimmee, FL 34741-2558
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-6273775
For Lease
1 / 2
Contact for pricing
1821 Armstrong Blvd, Kissimmee, FL 34741-2558
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Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1988
Total area
19,618 SF
Lot
2.81 ac (122,404 SF)
Zoning code
KHC
APN
172529159200010010
UPID
US18-6273775
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Kissimmee Professional Plaza LLC · 6 yrs held
Kissimmee Professional Plaza LLC
since 2019
4 recorded transactions
Zoning & alternative use
KHC · Kissimmee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$27 / 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
$31,608
Tax year 2023
Assessed value
$1,886,400
Assessed 2023
Previous assessed
$1,665,400
+13.3% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,410,100
Assessed improvement
$476,300
Land market value
$1,410,100
Improvement market value
$476,300
Total market value
$1,886,400
Applied tax rate
200.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
For Lease
Year built
1988
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
19,618 SF
Lot
2.81 ac (122,404 SF)
Zoning code
KHC
APN
172529159200010010
UPID
US18-6273775
Jurisdiction
OSCEOLA
Zoning & alternative use
KHC · Kissimmee, FLZoning KHC · permitted uses
KHC · Kissimmee, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Heating
YES
Cooling
Yes
Stories
1
Lot
2.81 ac
Current owner
From public records · entity-resolved
Kissimmee Professional Plaza LLC
Entity
Mailing address
2626 TETON STONE RUN, ORLANDO, FL 32828-7917
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
$1,600,000
Kissimmee Professional Plaza LLC
La Mirada Investments I LLC
Warranty Deed
$1,280,000 · Seacoast National Bank
Jan 29, 2019
$100
La Mirada Investments I LLC
Apw Property Group LLC Coc
Trustees Deed
related
—
Nov 27, 2018
$100
Pauleon Trust
Apw Property Group LLC
Quit Claim Deed
related
—
Nov 9, 2012
$2,000,000
Apw Property Group LLC
La Mirada Investments I LLC
Grant Deed
$2,000,000 · La Mirada Investments I LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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