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

    3090 Michigan Ave Kissimmee, FL 34744-1544

    • Drive through restaurants
    • 4,330 SF
    • 2.32 lot acres
    OFF-MARKET
    Value Estimations
    $775,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2573304
    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

    • Alvarado Imports Inc / Freight Service / Logistics Company
    • Jet Set Express Kissimmee Bus Stop / Freight Service / Logistics Company
    • Shell / Gas Station
    • LibertyX Bitcoin ATM / Atm
    • McDonald's / Restaurant / Take-out & Catering

    Property Details for 3090 Michigan Ave

    Year built
    1996
    Lot size
    2.32 lot acres
    Property size
    4,330 SF
    Zone code
    KB3
    Property type
    Drive through restaurants
    APN
    22529121100010010
    APU
    22529121100010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.3888
    Latitude
    28.3399
    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
    $32,666
    $1,397,600
    $739,900
    $2,137,500
    -
    $1,397,600
    $739,900
    $2,137,500

    Comparable in this City

    • Value Estimation
      $680,000
      3,605 SF

      2110 Irlo Bronson Memorial Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,605 SF
      2110 Irlo Bronson Memorial Hwy, Kissimmee, FL 34744-4415
      View Details
    • Value Estimation by Request
      1,192 SF

      520 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,192 SF
      520 Main St, Kissimmee, FL 34744-5258
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    • Value Estimation
      $655,000
      546 SF

      274 Vine St

      DRIVE-THRU RESTAURANT, FAST FOOD • 546 SF
      274 Vine St, Kissimmee, FL 34744-4270
      View Details
    • Value Estimation
      $670,000
      2,822 SF

      2576 Simpson Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,822 SF
      2576 Simpson Rd, Kissimmee, FL 34744-4637
      View Details
    • Value Estimation
      $930,000
      4,743 SF

      3148 Orange Blossom Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,743 SF
      3148 Orange Blossom Trl, Kissimmee, FL 34744-1136
      View Details
    • Value Estimation
      $585,000
      4,133 SF

      1920 Irlo Bronson Memorial Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,133 SF
      1920 Irlo Bronson Memorial Hwy, Kissimmee, FL 34744-4412
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,632 SF

      Kissimmee Retail/Restaurant Opportunity

      2,632 SF building on 0.44 acres in Kissimmee.
      926 N Main St, Kissimmee, FL 34744
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    • $595,000
      35,284 SF

      Kissimmee Commercial Land Investment

      Prime .81-acre lot, high-traffic location.
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      Kissimmee Mixed-Use Investment

      Historic District, High NOI, 100% Occupied
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      10,560 SF

      Donegan Plaza: Kissimmee Retail Center

      Highly profitable, 100% occupied shopping center.
      1156 Donegan Ave, Kissimmee, FL 34744
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    • $3,149,000
      10,560 SF

      Kissimmee Retail Plaza - High ROI

      Fully Leased Shopping Center, Prime Location
      1156 Donegan Ave, Kissimmee, FL 34744
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    • $850,000
      2,242 SF

      Kissimmee Retail Center - High Traffic

      Prime Retail Space, Two Units Leased
      3001 Michigan Ave, Kissimmee, FL 34744
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Restaurant Opportunities

      New development with retail and restaurant spaces for rent.
      S Orange Blossom Trl, Kissimmee, FL 34744
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail space available for lease at 2631 E Irlo Bronson Memorial Hwy.
      2631 E Irlo Bronson Memorial Hwy, Kissimmee, FL 34744
      View Details
    • $31 SF/Yr
      2,760 SF

      Retail Space in Downtown Kissimmee

      Retail space in the heart of downtown Kissimmee's business district.
      11 Neptune Rd, Kissimmee, FL 34744
      View Details
    • $25 SF/Yr
      8,140 SF

      Retail Space For Lease

      Retail property with strong traffic and prominent signage available for rent.
      2600 Simpson Rd, Kissimmee, FL 34744
      View Details
    • Contact for pricing
      78,397 SF

      Kissimmee Retail Center - For Lease

      Prime Osceola County retail space available.
      2338 Irlo Bronson Memorial Hwy, Kissimmee, FL 34744
      View Details
    • Contact for pricing
      9,516 SF

      Retail Space on Orange Blossom

      9,516 SF end-cap space with high visibility available for lease.
      2744 N Orange Blossom Trl, Kissimmee, FL 34744
      View Details
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    3090 Michigan Ave
    Kissimmee, FL 34744-1544
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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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