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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Strip malls
23 Broadway Kissimmee, FL 34741-5711
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5316961
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1925
Total area
5,488 SF
Lot
0.07 ac (3,049 SF)
Zoning code
KB1
APN
222529217000100089
UPID
US18-5316961
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
-
The smp club Tattoo & Piercing Shop
-
Bling it with Brandi Nail Salon
-
Queens LifeStyle LLC Hair Salon Nail Salon
-
Skin and Body Spa House Spa & Massage Center
-
That Beauty Spot Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
Kaleb 2020 LLC · 2 yrs held
Kaleb 2020 LLC
since 2024
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
KB1 · Kissimmee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+5.3%
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
$1,950,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
$1,980,000
6.5%
$1,830,000
7%
$1,695,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,555,000
Current use
AUTO REPAIR, GARAGE
$1,640,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,515,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$1,440,000
Change: -7% · Conversion: Moderate
RETAIL STORES
$1,390,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $1.95M (Apr 3 2024)
Last sale anchor
$1.95M
Apr 3 2024
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
$355 / 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
$5,927
Tax year 2023
Assessed value
$403,400
Assessed 2023
Previous assessed
$403,400
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$24,800
Assessed improvement
$378,600
Land market value
$24,800
Improvement market value
$378,600
Total market value
$403,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1925
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Rooms
7
Total area
5,488 SF
Lot
0.07 ac (3,049 SF)
Zoning code
KB1
APN
222529217000100089
UPID
US18-5316961
Jurisdiction
OSCEOLA
Zoning & alternative use
KB1 · Kissimmee, FL
Zoning KB1 · permitted uses
KB1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1925
Heating
YES
Cooling
Yes
Stories
2
Units
1
Rooms
7
Lot
0.07 ac
Current owner
From public records · entity-resolved
Kaleb 2020 LLC
Entity
Mailing address
16808 FLORENCE VW DR, MONTVERDE, FL 34756-3422
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$1,950,000
Kaleb 2020 LLC
Aviles Hair Studio LLC
Deed
$950,000 · P&c Toho LLC LLC
Apr 16, 2019
$550,000
Aviles Hair Studio LLC
Be Sprinkle LLC
Grant Deed
$500,000 · B E Sprinkle LLC
Aug 20, 2008
—
B E Sprinkle LLC
Sprinkle Boyd E
Quit Claim Deed
—
Feb 26, 2005
—
Boyd E Sprinkle
Sprinkle Properties LLC
Quit Claim Deed
related
—
Jun 10, 2004
—
Sprinkle Properties LLC
Sprinkle,boyd E
Quit Claim Deed
related
—
Feb 1, 1987
$80,000
Boyd E Sprinkle
—
Warranty Deed
related
—
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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