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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Manufacturing properties
2840 Michigan Ave Kissimmee, FL 34744-1514
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-9647390
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Total area
5,600 SF
Lot
0.41 ac (17,860 SF)
Zoning code
OIG
APN
22529408000020150
UPID
US18-9647390
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
-
Florida Designer Wood & MANUFACTURING General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$770k
Owner & transaction history
Lake Front Auto Sales INC · 2 yrs held
Lake Front Auto Sales INC
since 2023
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
OIG · 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
$770,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,240,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $800k (Oct 16 2023)
Last sale anchor
$800k
Oct 16 2023
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
$138 / 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
$6,514
Tax year 2023
Assessed value
$448,000
Assessed 2023
Previous assessed
$384,700
+16.5% YoY
Effective rate
1.45%
On assessed value
Assessed land
$115,000
Assessed improvement
$333,000
Land market value
$115,000
Improvement market value
$333,000
Total market value
$448,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1998
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
5,600 SF
Lot
0.41 ac (17,860 SF)
Zoning code
OIG
APN
22529408000020150
UPID
US18-9647390
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
WAREHOUSE, STORAGE
Est. value
$1.2M
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
1998
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Lake Front Auto Sales INC
Entity
Mailing address
2840 MICHIGAN AVE, KISSIMMEE, FL 34744-1514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
$800,000
Lake Front Auto Sales INC
Blake Development Group INC
Warranty Deed
—
Jun 5, 2019
$800,000
Baker Dev Grp INC
Florida Designer Wood & Mfg In
Grant Deed
$950,000 · Florida Designer Wood & Mfg In
Apr 9, 2008
$595,000
Designer Wood Florida
Parcom Properties INC
Warranty Deed
$476,000 · American First Bank
Apr 3, 1998
—
Parcom Properties INC
Shieve,kathy
Quit Claim Deed
related
$218,475 · Southtrust Bank NA
Aug 27, 1997
$62,000
Kathy Shieve Trustee
Abney,michael
Grant Deed
—
—
—
Florida Designer Wood & Mfg
—
Deed Of Trust
related
$250,000 · Mark D Huzyak
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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