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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Warehouses
2820 Michigan Ave Ste A Kissimmee, FL 34744-1536
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5193796
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
11,600 SF
Lot
1.51 ac (65,776 SF)
Zoning code
OIR
APN
102529000002600000
UPID
US18-5193796
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
-
wesp appliance - appliances store Home Appliance Store
-
A Cut Above Barbershop Barber Shop
-
Iglesia Camino de Paz Church
-
Rapid Cargo Envíos Latinoamérica ⭐⭐⭐⭐⭐ Courier - Servicio de mensajería en Kissimmee Shipping Company Freight Service
-
Frank Granite & Marble Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$2.15M
Owner & transaction history
Sunshine Investment Portfolio INC · 2 yrs held
Sunshine Investment Portfolio INC
since 2024
Last sale
$2.2M
3 recorded transactions
Zoning & alternative use
OIR · Kissimmee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+34.9%
Neighborhood: shopping center
$3.3M
+28.1%
Industrial (general)
$3.2M
+24.5%
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
$2,150,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,570,000
Current use
AUTO REPAIR, GARAGE
$3,465,000
Change: +35% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,290,000
Change: +28% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,200,000
Change: +25% · Conversion: Easy
RETAIL STORES
$2,940,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$2,880,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.15M (May 3 2024)
Last sale anchor
$2.15M
May 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
$185 / 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
$13,975
Tax year 2023
Assessed value
$997,200
Assessed 2023
Previous assessed
$997,200
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$345,800
Assessed improvement
$651,400
Land market value
$345,800
Improvement market value
$651,400
Total market value
$997,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Cooling
CENTRAL
Stories
1
Rooms
24
Total area
11,600 SF
Lot
1.51 ac (65,776 SF)
Zoning code
OIR
APN
102529000002600000
UPID
US18-5193796
Jurisdiction
OSCEOLA
Zoning & alternative use
OIR · Kissimmee, FL
Zoning OIR · permitted uses
OIR · 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
WAREHOUSE, STORAGE Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Heating
NONE
Cooling
Yes
Stories
1
Rooms
24
Lot
1.51 ac
Current owner
From public records · entity-resolved
Sunshine Investment Portfolio INC
Entity
Free & Clear · 2 yrs held
Mailing address
10601 TOWER DR, ORLAND PARK, IL 60467-8234
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
$2,150,000
Sunshine Investment Portfolio INC
Jennie Ching Yi Chuang
Warranty Deed
—
Apr 27, 2023
—
Ming And Chiong Chuang Revocable Tr
Ming H Chuang
Intrafamily Transfer
related
—
Jul 28, 2014
—
Antai INC
Chen,jen T
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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