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    OFF-MARKET
    Commercial real estate

    2089 Heritage Key Blvd, Kissimmee, FL 34744

    178,995 SF 55.21 ac lot Built 2024
    Property ID
    US18-7995423
    Property summary
    AI-generated overview

    This exceptional Class A, multifamily investment opportunity presents a newly constructed (2024) 521-unit apartment community in Kissimmee, Florida's thriving Orlando MSA. The property, encompassing 55.21 acres, consists of 63 buildings with two stories each, totaling 178,995 square feet. Situated in Osceola County, near the intersection of Heritage Key Boulevard and other major roadways, this prime location offers unparalleled access to NeoCity Research and Technology Campus, Orlando International Airport, Disney World, and HCA Florida Hospital, as well as abundant retail amenities. The property's zoning (PD - Plan Development) allows for significant future expansion. An additional 12.11 acres of adjacent undeveloped land provides the potential to add up to 250 more units. The property is currently free and clear of financing, although acquisition with a combination of new financing and the assumption of existing below-market agency debt on phases II and III is possible. This Core+ investment presents a compelling opportunity for institutional investors seeking a high-quality, well-located asset with significant upside potential. The property's APN numbers are: 25-25-29-2535-0001-00N0

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2024
    Total area 178,995 SF
    Lot 55.21 ac (2,404,948 SF)
    APN 25-25-29-2535-0001-00N0; 25-25-29-2535-0001-0010; 25-25-29-4242-0009-0090; 25-25-29-4241-0001-0010; 25-25-29-3421-0001-00A0
    UPID US18-7995423
    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
    • Heritage Key Association Association / Organization
    • Church in His Presence Church Mosque
    • Heritage Park Realty Real Estate Agency
    • EV Connect Charging Station Electric Vehicle Charging Station
    • Heritage Key Villas Townhouse Complex Apartment Complex
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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