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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Strip malls
2701 Michigan Ave Ste A Kissimmee, FL 34744-1214
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-3000044
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
9,632 SF
Lot
0.95 ac (41,382 SF)
Zoning code
ORPB
APN
112529000001020000
UPID
US18-3000044
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
-
INSURANCE CENTRAL OF FLORIDA Insurance Agency
-
Sylvan Learning of Kissimmee Tutoring Service
-
Trilogy Home Healthcare Home Health Care Service
-
Sea Me In 3D Ultrasound Medical Clinic
-
Michael Siravo Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Michigan Oaks LLC · 11 yrs held
Michigan Oaks LLC
since 2014
5 recorded transactions
Zoning & alternative use
ORPB · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,735,000
Current use
INDUSTRIAL (GENERAL)
$2,655,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$2,440,000
Change: -11% · Conversion: Easy
OFFICE BUILDING
$2,395,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$172 / 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
$21,510
Tax year 2023
Assessed value
$1,243,200
Assessed 2023
Previous assessed
$920,900
+35.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$364,700
Assessed improvement
$878,500
Land market value
$364,700
Improvement market value
$878,500
Total market value
$1,243,200
Applied tax rate
300.0000
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
2003
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
9,632 SF
Lot
0.95 ac (41,382 SF)
Zoning code
ORPB
APN
112529000001020000
UPID
US18-3000044
Jurisdiction
OSCEOLA
Zoning & alternative use
ORPB · Kissimmee, FL
Zoning ORPB · permitted uses
ORPB · 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
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
2003
Heating
YES
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Michigan Oaks LLC
Entity
Free & Clear · 11 yrs held
Mailing address
10775 NARCOOSSEE RD STE #206, ORLANDO, FL 32832-7177
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Sep 17, 2014
$541,300
Michigan Oaks LLC
Reich,john & Shayna T
Grant Deed
—
Nov 6, 2002
$135,000
John C Reich
Pediatrics Plus Investments Lc
Grant Deed
$100,000 · First Commercial Bank Florida
Apr 26, 1999
$85,000
Pediatrics Plus Investments
Ramos,hector L
Grant Deed
$70,000 · Southtrust Bank NA
—
—
John C Reich
—
Deed Of Trust
related
$4,474 · R-g Crown Bank
—
—
John C Reich
—
Loan Modification
related
$551,100 · Centerstate Bank Of Florida
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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