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Property profile & analytics
OFF-MARKET
Estimated value
$9,165,000
Warehouses
2750 Michigan Ave Kissimmee, FL 34744-1500
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3602087
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
17,280 SF
Lot
6.54 ac (284,882 SF)
Zoning code
OIG
APN
102529000002750000
UPID
US18-3602087
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
-
Paleteria Original Factory Store Grocery & Convenience Store Specialty Food Shop
-
IXOYC Ice Cream Shop & Deli Grocery & Convenience Store Specialty Food Shop
-
US Verticals Manufacturing, Inc. (Bike/Boat/Book/etc) Store Home Decor Store
-
The Original Granite & Cabinet General Contractor Renovation Specialist
-
London Express International Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.17M
Owner & transaction history
Richard Dean Weber · 4 yrs held
Richard Dean Weber
since 2021
Last sale
$9.1M
4 recorded transactions
Zoning & alternative use
OIG · Kissimmee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.5M
+175.5%
Commercial (general)
$9.5M
+147.1%
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
$8,735,000
ML approach
$9,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,545,000
Change: +176% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,460,000
Change: +147% · Conversion: Difficult
Blend value · Realmo final
$9.17M
Range $8.25M – $10.08M · ±10% · vs last sale $9.13M (Dec 20 2021)
Last sale anchor
$9.13M
Dec 20 2021
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
$530 / 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
$110,890
Tax year 2023
Assessed value
$7,774,300
Assessed 2023
Previous assessed
$6,529,500
+19.1% YoY
Effective rate
1.43%
On assessed value
Assessed land
$965,900
Assessed improvement
$6,808,400
Land market value
$965,900
Improvement market value
$6,808,400
Total market value
$7,774,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
1
Rooms
45
Total area
17,280 SF
Lot
6.54 ac (284,882 SF)
Zoning code
OIG
APN
102529000002750000
UPID
US18-3602087
Jurisdiction
OSCEOLA
Zoning & alternative use
OIG · Kissimmee, FL
Zoning OIG · permitted uses
OIG · 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
RESTAURANT
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$9.5M
RESTAURANT
COMMERCIAL (GENERAL)
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
1989
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Rooms
45
Lot
6.54 ac
Current owner
From public records · entity-resolved
Richard Dean Weber
Individual
Free & Clear · 4 yrs held
Mailing address
1108 KANE CONCOURSE STE #308, BAY HARBOR ISLANDS, FL 33154-0049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$9,125,000
Richard Dean Weber
Randy Dale Weber SR.
Special Warranty Deed
—
May 14, 2020
—
Richard D Weber
Richard D Weber
Quit Claim Deed
related
—
Mar 11, 2016
—
Weber,randy D SR & Joyce L Trust
Weber,randy D
Quit Claim Deed
related
—
—
—
Richard D Weber
—
Deed Of Trust
related
$2,400,000 · M & I Marshall & Isley Bank
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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