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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
23 Dillingham Ave Kissimmee, FL 34741-5427
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4134588
Property summary
AI-generated overview
This exceptional mixed-use property, located at 23 S Dillingham Ave in Kissimmee, Florida, offers 2,391 square feet of versatile space. The single-story building, constructed in 1977 and renovated in 2007, features two independent 1,200 square foot office suites, each with its own HVAC system and electrical service. Each suite includes a conference room, multiple private offices, and a bathroom. Modern wiring ensures compatibility with current phone and internet technologies. The property boasts a convenient two-car garage and designated parking area. Situated on a corner lot, it offers high visibility and easy access. Zoned commercially, this property is suitable for various uses, including offices, and potentially others with a conditional use permit. The asking price is $590,000, translating to $246.76 per square foot. This presents a unique opportunity for businesses seeking a prominent location in the thriving downtown Kissimmee area, close to the Osceola County Courthouse. The property's adaptable layout and modern amenities make it ideal for expansion or establishing a new presence.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Total area
2,391 SF
Lot
0.4 ac (17,424 SF)
Zoning code
KRPB
APN
2125291920000Z0030
UPID
US18-4134588
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
-
Control Instruments, Inc. (C2i) Instrumentation Engineer
-
Mirella Neyra - Realtor with LPT Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$570k
Owner & transaction history
Two 6 Resources INC · 1 yrs held
Two 6 Resources INC
since 2025
Last sale
$580,000
5 recorded transactions
Zoning & alternative use
KRPB · Kissimmee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$715,000
+13.9%
Neighborhood: shopping center
$680,000
+8.1%
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
$530,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$630,000
Current use
AUTO REPAIR, GARAGE
$715,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$680,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$605,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$535,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$530,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $580k (Feb 6 2025)
Last sale anchor
$580k
Feb 6 2025
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
$238 / 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
$6,615
Tax year 2023
Assessed value
$435,700
Assessed 2023
Previous assessed
$381,100
+14.3% YoY
Effective rate
1.52%
On assessed value
Assessed land
$100,600
Assessed improvement
$335,100
Land market value
$100,600
Improvement market value
$335,100
Total market value
$435,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1947
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
10
Bathrooms
2
Total area
2,391 SF
Lot
0.4 ac (17,424 SF)
Zoning code
KRPB
APN
2125291920000Z0030
UPID
US18-4134588
Jurisdiction
OSCEOLA
Zoning & alternative use
KRPB · Kissimmee, FL
Zoning KRPB · permitted uses
KRPB · 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
OFFICE BUILDING Current
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$680,000
RETAIL STORES
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$535,000
WAREHOUSE, STORAGE
Est. value
$530,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1947
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Two 6 Resources INC
Entity
Mailing address
850 ASSEMBLY CT, REUNION, FL 34747-6759
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2025
$580,000
Two 6 Resources INC
Dillingham Real Estate Corp
Warranty Deed
$300,000 · One Florida Bank
Jan 5, 2017
$275,000
Dillingham Real Estate Corp
Guynn,robert R & Margaret P D
Warranty Deed
$220,000 · Bank Of America
Nov 25, 2013
$125,000
Robert R Guynn
Bob Guynn Construction INC
Warranty Deed
$125,000 · Centerstate Bank Of Florida NA
May 21, 1998
$105,000
Bob Guynn Construction INC
Overstreet,dorine
Grant Deed
$84,000 · Nationsbank
—
—
Bob Guynn Construction INC
—
Deed Of Trust
related
$232,000 · Bank Of America
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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