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

    5170 Irlo Bronson Memorial Hwy Kissimmee, FL 34746-5346

    • Turn key restaurants
    • 5,779 SF
    • 1.89 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4000798
    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

    • Perkins Restaurant & Bakery / Bakery / Specialty Food Shop

    Property Details for 5170 Irlo Bronson Memorial Hwy

    Year built
    1977
    Lot size
    1.89 lot acres
    Property size
    5,779 SF
    Zone code
    OPD
    Property type
    Turn key restaurants
    APN
    112528321700010020
    APU
    112528321700010020

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a Perkins Restaurant located at 5170 W. Irlo Bronson Memorial Hwy, Kissimmee, FL 34746. The property boasts 5,833 square feet on a 2.13-acre lot, situated in a high-traffic area of the Orlando tourist district. The single-tenant, free-standing building is currently operating under a 25-year absolute NNN lease with a corporate guarantee, providing significant financial security. The lease commenced June 29, 2005, and has a remaining term of approximately 5.6 years, extending to June 30, 2030. The lease includes 8% rent bumps every five years, ensuring consistent income growth. The property's Net Operating Income (NOI) is $331,148, yielding a 6.51% cap rate at an asking price of $5,089,860. Built in 1977 and renovated in 2005, the property benefits from its location on a hard-corner, lighted intersection with excellent ingress and egress. Surrounding businesses include Walgreens, IHOP, Dollar Tree, Aldi, 7-Eleven, and Camping World, along with numerous hotels. The property's zoning is commercial, and the high daily traffic volume (over 39,000 vehicles) further enhances its investment potential. This legacy location offers a proven track record of over 20 years of successful operation, making it an attractive and stable investment. The tenant's consistent payment of percentage rent adds to the overall yield. One lease option is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $815,000
      Market price range: $459k - $1.86M

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

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.4902
    Latitude
    28.3321
    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
    $28,331
    $1,304,100
    $635,900
    $1,940,000
    -
    $1,304,100
    $635,900
    $1,940,000

    Comparable in this City

    • Value Estimation
      $580,000
      7,116 SF

      2911 Vineland Rd

      RESTAURANT • 7,116 SF
      2911 Vineland Rd, Kissimmee, FL 34746-5505
      View Details
    • Value Estimation by Request
      6,373 SF

      4561 Irlo Bronson Memorial Hwy

      RESTAURANT • 6,373 SF
      4561 Irlo Bronson Memorial Hwy, Kissimmee, FL 34746-5303
      View Details
    • Value Estimation
      $655,000
      6,630 SF

      5855 Irlo Bronson Memorial Hwy

      RESTAURANT • 6,630 SF
      5855 Irlo Bronson Memorial Hwy, Kissimmee, FL 34746-4717
      View Details
    • Value Estimation by Request
      3,317 SF

      4838 Irlo Bronson Memorial Hwy

      RESTAURANT • 3,317 SF
      4838 Irlo Bronson Memorial Hwy, Kissimmee, FL 34746-5334
      View Details
    • Value Estimation
      $2,910,000
      5,766 SF

      4759 Irlo Bronson Memorial Hwy

      RESTAURANT • 5,766 SF
      4759 Irlo Bronson Memorial Hwy, Kissimmee, FL 34746-5332
      View Details
    • Value Estimation
      $2,850,000
      7,044 SF

      5320 Irlo Bronson Memorial Hwy

      RESTAURANT • 7,044 SF
      5320 Irlo Bronson Memorial Hwy, Kissimmee, FL 34746-4754
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.54 Acres

      Magic Place Out-Parcel Pad #2

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    Similar Nearby for Lease

    • Contact for pricing
      35,000 SF

      Super Target Anchored Retail Space

      Retail and restaurant spaces available near Disney World and Universal.
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    • $13 SF/Yr
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      Kissimmee Office Space Available

      140,000 SF Office Building, 35,000 SF Vacant
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      View Details
    • $695,000
      6,273 SF

      Prime Orlando Tourist Corridor Location

      High-visibility retail/restaurant/office spaces in thriving tourist area.
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      View Details
    • $28 SF/Yr
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      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
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      View Details
    • Contact for pricing
      9,940 SF

      Retail Space with Signage

      Retail space with excellent visibility in a densely populated area.
      4688 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746
      View Details
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    Kissimmee, FL 34746-5346
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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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