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    2231 Fortune Rd Kissimmee, FL 34744

    • Commercial real estate
    • 10,250 SF
    • 9.05 lot acres
    For Sale
    View listing
    $8,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8363253
    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

    • Outreach Church of Jesus / Place Of Worship
    • Iglesia Bautista Central Kissimmee / Baptist Church / Church
    • My Soccer Academy Kissimmee / Sports Club

    Property Details for 2231 Fortune Rd

    Lot size
    9.05 lot acres
    Property size
    10,250 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property presents a significant investment opportunity in Kissimmee, Florida. Located at 2231 Fortune Rd, this single-story building encompasses 10,250 square feet and sits on a substantial 9.05-acre lot. The property is zoned KB3 and offers significant potential for various uses, including a place of gathering or school. The existing building is ready for immediate occupancy, and the property includes 34 existing parking spaces on a 238 sq ft x 141 sq ft parcel (Parcel B), currently undergoing rezoning. An additional parcel (Parcel A), also zoned commercial, is available for separate purchase at $1.5 million and offers an additional 68 parking spaces. This presents a unique opportunity to expand the existing business or develop a new commercial venture. The property's prime location on a busy road near BVL provides excellent visibility and accessibility. The asking price for the entire property, including the existing building and the 9.05-acre lot, is $8,000,000. This represents a rare chance to acquire a substantial commercial property with significant development potential in a high-growth area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.3529038
    Latitude
    28.3054256

    Comparable in this City

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      Investment land near Austin Tindall Sports Complex, Kissimmee, Florida.
      4151 Boggy Creek Rd, Kissimmee, FL 34744
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      Corner Lot Ready to Build

      Prime corner lot ready for immediate construction near major roads.
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      Corner Lot Ready to Build

      Prime corner lot ready for immediate construction, seller financing available.
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    Similar Nearby for Sale

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    • $252,000

      Water View Exclusive Land

      Half-acre lot near Lake Nona, Orlando International Airport.
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      Land Near Austin Tindall Complex

      Land prime for development near Austin Tindall Sports Complex.
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    • $2,800,000

      Land Near Austin Tindall Complex

      Investment land near Austin Tindall Sports Complex, Kissimmee, Florida.
      4151 Boggy Creek Rd, Kissimmee, FL 34744
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    • $200,000
      0.25 Acres

      Corner Lot Ready to Build

      Prime corner lot ready for immediate construction near major roads.
      Michigan Ave, Kissimmee, FL 34744
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    • $180,000
      0.25 Acres

      Corner Lot Ready to Build

      Prime corner lot ready for immediate construction, seller financing available.
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    Similar Nearby for Lease

    • $34,800

      Professional Office Space Available Soon

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      Proposed Class A office space with high visibility and ample parking.
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      Move-in Ready Office Space

      Professionally managed office space in prime business location.
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      Retail Pads for Lease

      Retail pads available for ground lease or build-to-suit.
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    • $25 SF/Yr
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      Retail Space For Lease

      Retail property with strong traffic and prominent signage available for rent.
      2600 Simpson Rd, Kissimmee, FL 34744
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    2231 Fortune Rd
    Kissimmee, FL 34744
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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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