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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2824 Michigan Ave, Unit A Kissimmee, FL 34744-1219

    • Manufacturing properties
    • 16,920 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $1,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3630132
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Iglesia Cristiana Puerta del Cielo / Church
    • Ivy Hair and Make up / Hair Salon
    • Heavenly / Clothing Store
    • Greenwood Cabinets / Hardware & Home Improvement / Kitchen & Bath Showroom
    • Speedzone Performance LLC. / Auto Repair Shop

    Property Details for 2824 Michigan Ave

    Year built
    1997
    Lot size
    1.26 lot acres
    Property size
    16,920 SF
    Zone code
    OIB
    Property type
    Manufacturing properties
    APN
    102529407800010010
    APU
    102529407800010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,575,000
      6.5%
      $1,455,000
      7%
      $1,350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,711,000
      Market price range: $616k - $5.23M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.3918
    Latitude
    28.3309
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,356
    $288,900
    $779,000
    $1,067,900
    -
    $288,900
    $779,000
    $1,067,900

    Comparable in this City

    • Value Estimation
      $3,250,000
      30,000 SF

      750 Donegan Ave

      MANUFACTURING (LIGHT) • 30,000 SF
      750 Donegan Ave, Kissimmee, FL 34744-1947
      View Details
    • Value Estimation
      $1,125,000
      11,852 SF

      500 Donegan Ave

      MANUFACTURING (LIGHT) • 11,852 SF
      500 Donegan Ave, Kissimmee, FL 34744-1928
      View Details
    • Value Estimation
      $765,000
      6,900 SF

      731 Duncan Ave

      MANUFACTURING (LIGHT) • 6,900 SF
      731 Duncan Ave, Kissimmee, FL 34744-1916
      View Details
    • Value Estimation by Request
      1,680 SF

      2441 Smith St

      PROCESSING PLANT (CEMENT, GRAVEL) • 1,680 SF
      2441 Smith St, Kissimmee, FL 34744-2436
      View Details
    • Value Estimation
      $17,300,000
      1,034 SF

      710 Sawdust Trl

      HEAVY MANUFACTURING • 1,034 SF
      710 Sawdust Trl, Kissimmee, FL 34744-1468
      View Details
    • Value Estimation
      $3,470,000
      5,706 SF

      1500 Damon Ave

      MANUFACTURING (LIGHT) • 5,706 SF
      1500 Damon Ave, Kissimmee, FL 34744-3466
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,321 SF

      Land Parcel for Self-Storage Facility

      2.71 acres approved for a three-story climate-controlled self-storage facility.
      Kissimmee Osceola County Florida 34744 E Irlo Bronson Memorial Hwy 192 & Aeronautical Dr, Kissimmee, FL 34744
      View Details
    • $595,000
      35,284 SF

      Kissimmee Commercial Land Investment

      Prime .81-acre lot, high-traffic location.
      400 Greenup St, Kissimmee, FL 34744
      View Details
    • $3,149,000
      10,560 SF

      Kissimmee Retail Plaza - High ROI

      Fully Leased Shopping Center, Prime Location
      1156 Donegan Ave, Kissimmee, FL 34744
      View Details
    • $252,000

      Water View Exclusive Land

      Half-acre lot near Lake Nona, Orlando International Airport.
      2959 Monica Ter, Kissimmee, FL 34744
      View Details
    • $2,500,000

      Land Near Austin Tindall Complex

      Land prime for development near Austin Tindall Sports Complex.
      4210 Cardinal Ln, Kissimmee, FL 34744
      View Details
    • $2,800,000

      Land Near Austin Tindall Complex

      Investment land near Austin Tindall Sports Complex, Kissimmee, Florida.
      4151 Boggy Creek Rd, Kissimmee, FL 34744
      View Details

    Similar Nearby for Lease

    • $46,615

      Warehouse and Office Space Available

      3,453 sq ft warehouse and office space for rent.
      1523-1525 Kelley Ave, Kissimmee, FL 34744
      View Details
    • $27 SF/Yr
      4,000 SF

      Kissimmee Industrial Warehouse For Sale

      Prime Kissimmee warehouse, 4,000 sq ft.
      1300 Garden St, Kissimmee, FL 34744
      View Details
    • $9,295 /Mo
      11,216 SF

      Freestanding Industrial Facility for Lease

      11,238 SF industrial facility with excellent connectivity and accessibility.
      2717 Old Dixie Hwy, Kissimmee, FL 34744
      View Details
    • $34,800

      Professional Office Space Available Soon

      Office suite with private offices, open space, and exclusive signage.
      1310 N Main St, Kissimmee, FL 34744
      View Details
    • $21 SF/Yr
      36 SF

      Class A Office Building Opportunity

      Proposed Class A office space with high visibility and ample parking.
      1200 Kevstin Dr | Kissimmee, Kissimmee, FL 34744
      View Details
    • Contact for pricing
      4,000 SF

      Kissimmee Commercial Land - 3.13 Acres

      Prime Osceola County location. Excellent visibility. Join established businesses.
      0 Aeronautical Dr, Kissimmee, FL 34744
      View Details
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    Kissimmee, FL 34744-1219
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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