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Property profile & analytics
OFF-MARKET Estimated value $4,600,000
Strip malls

4965 Irlo Bronson Memorial Hwy Kissimmee, FL 34746-5336

7,098 SF 1.24 ac lot Built 1987
Individually Owned 3-yr Hold Free & Clear
Property ID
US18-4837229
Property summary
AI-generated overview

This 0.6-acre commercial land parcel in Kissimmee, Florida, is ideally situated on West Irlo Bronson Memorial Highway, a major retail thoroughfare. Currently part of an existing commercial center, this pad site offers the potential to develop a 40,000 square foot medical office building with structured parking. The seller will complete a lot split prior to closing, having already confirmed support from Osceola County. The property benefits from its proximity to numerous national retailers including Walmart, Publix, TJ Maxx, and Target, as well as Orlando Health. The area boasts over 7,000 residential units and several thousand hotel rooms, ensuring high visibility and potential customer base. Furthermore, the site's location near a new 50-bed, 70,000 square foot Encompass Health Corp hospital (estimated completion Spring 2024) presents a significant advantage. The Future Land Use designation is Urban Center Core (UCC), allowing for maximized buildable area due to the absence of building setbacks or landscape buffers. This UCC designation supports large-scale retail, office, and residential uses, making this a highly versatile and attractive investment opportunity. The asking price is $995,000. The property is zoned for commercial use under an existing Planned Development.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 7,098 SF
Lot 1.24 ac (54,014 SF)
Zoning code OPD
APN 0225283595000100B0
UPID US18-4837229
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
  • XO Tattoo Shop Tattoo & Piercing Shop
  • XO Coffee Shop Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.21M
Blend (final) Blend
$4.60M
Owner & transaction history
Walter W Wurster · 3 yrs held
Walter W Wurster
since 2022
Last sale
$5.0M
4 recorded transactions
2022
$5.0M
2019
$2.4M
2018
$1.4M
2017
$950,000
Zoning & alternative use
OPD · Kissimmee, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.3M +115.1%
Commercial (general) $3.9M +92.9%
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