5320 Irlo Bronson Memorial Hwy Kissimmee, FL 34746-4754
Property profile & analytics
5320 Irlo Bronson Memorial Hwy, Kissimmee, FL 34746-4754
- Turn key restaurants
- 7,044 SF
- 1.86 lot acres
Property ID
US18-4850007
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.
Location Intelligence
Current Use by Public Records
- Romano's Macaroni Grill / Restaurant
Property Details for 5320 Irlo Bronson Memorial Hwy
- Year built
- 1994
- Construction
- FRAME
- Lot size
- 1.86 lot acres
- Zone code
- OPD
- Property type
- Turn key restaurants
- APN
- 102528371600010050
- APU
- 102528371600010050
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Macaroni Grill restaurant in Kissimmee, Florida. Located on a 7.86-acre lot at 5320 W Irlo Bronson Memorial Hwy (US Hwy 192), this 7,370 square foot, Class B building boasts a prime location in the bustling Orlando Tourist Corridor, less than five miles from Disney World. The property features 141 parking spaces and benefits from high visibility with 39,500 cars passing daily. The current lease, commencing January 1, 2009, and expiring December 17, 2028, provides a remaining term of approximately 4.1 years. The lease includes a corporate guarantee from Romano's Macaroni Grill and features 2.5% annual rent bumps, along with four five-year renewal options, each with built-in rent increases. The property's Net Operating Income (NOI) is $252,588, resulting in a 7.17% cap rate (based on the January 1, 2025, rental increase). Built in 1994, this single-story building sits on a lot zoned OPUD. This is a passive investment with no landlord responsibilities, offering strong returns and long-term stability in a high-traffic, high-demand location. The asking price is $3,525,000, translating to a price per square foot of $478.29. This is an ideal opportunity for investors seeking a low-maintenance, high-return investment in a prime tourist destination.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,745,000
- ML approach
- $2,660,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,922,000
Market price range: $2.27M - $6.83M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $4,300,000 Current use
- COMMERCIAL (GENERAL)
- $3,855,000 Change: -10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kissimmee
- County
- Osceola
- State
- Florida
- Longitude
- -81.4968
- Latitude
- 28.332
- 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
$37,090
$1,280,600
$1,512,900
$2,793,500
-
$1,280,600
$1,512,900
$2,793,500
