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    722 Patrick St, Unit 208 Kissimmee, FL 34741

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    722 Patrick St, Unit 208 Kissimmee, FL 34741

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    • Office buildings
    • 4,550 SF
    • 0.33 lot acres
    For Lease
    $7,200/Mo
    View Listing →
    Two-Story Office Building For Rent For Lease
    $7,200/Mo

    Two-Story Office Building For Rent

    Two-story office building near County Courthouse available for rent.

    722 Patrick St Ste 208, Kissimmee, FL 34741
    View Listing
    Property ID
    US18-0689719
    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.
    Value Estimations
    $1,070,000
    Cap Rate Potential
    6.7%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • HCC COMPANY LLC / Telecommunications Service / General Contractor
    • Matrix International Realty: Richard Rodney / Real Estate Agency
    • Orange Legal Kissimmee / Law Firm
    • ABC PRO SOLUTIONS CORP / Construction Company
    • The Tax Insiders / Accounting Firm / Tax Preparation

    Property Details for 722 Patrick St

    Year built
    2009
    Lot size
    0.33 lot acres
    Property size
    4,550 SF
    Zone code
    KRPB
    Property type
    Office buildings
    APN
    282529192000040020
    APU
    282529192000040020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,090,000
      ML approach
      $1,075,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,210,000
      6.5%
      $1,115,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,305,000
      Market price range: $822k - $1.58M
      AI Estimate
      $1,001,000
      Market price range: $489k - $1.45M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,195,000
      Current use
      AUTO REPAIR, GARAGE
      $1,360,000
      Change: +14% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,290,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $1,155,000
      Change: -3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,015,000
      Change: -15% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,010,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.4119
    Latitude
    28.2896
    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
    $12,472
    $106,500
    $605,300
    $711,800
    -
    $106,500
    $605,300
    $711,800

    Comparable in this City

    • Value Estimation
      $1,535,000
      5,060 SF

      1203 Central Ave

      PROFESSIONAL BUILDING • 5,060 SF
      1203 Central Ave, Kissimmee, FL 34741-4407
      View Details
    • Value Estimation
      $2,215,000
      8,484 SF

      2225 Central Ave

      PROFESSIONAL BUILDING • 8,484 SF
      2225 Central Ave, Kissimmee, FL 34741-2342
      View Details
    • Value Estimation
      $1,385,000
      4,624 SF

      20 Rose Ave

      OFFICE BUILDING (MULTI-STORY) • 4,624 SF
      20 Rose Ave, Kissimmee, FL 34741-5400
      View Details
    • Value Estimation
      $10,845,000
      61,000 SF

      600 Thacker Ave Ste A

      OFFICE BUILDING • 61,000 SF
      600 Thacker Ave Ste A, Kissimmee, FL 34741-4807
      View Details
    • Value Estimation
      $4,385,000
      20,356 SF

      401 Oak St

      PROFESSIONAL BUILDING • 20,356 SF
      401 Oak St, Kissimmee, FL 34741-4931
      View Details
    • Value Estimation
      $1,300,000
      5,500 SF

      402 Broadway

      PROFESSIONAL BUILDING • 5,500 SF
      402 Broadway, Kissimmee, FL 34741-5720
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,041 SF

      New Office Building For Sale

      New construction office building perfect for owner-user or investment.
      907 Person St, Kissimmee, FL 34741
      View Details
    • $595,000
      2,501 SF

      Downtown Kissimmee Professional Building

      Professional building in downtown Kissimmee, ideal for various businesses.
      1007 Emmett St, Kissimmee, FL 34741
      View Details
    • Contact for pricing
      4,140 SF

      Downtown Kissimmee Two-Story Office Building

      Two-story office building in Downtown Kissimmee with ample parking.
      815 Mabbette St, Kissimmee, FL 34741
      View Details
    • $799,900

      Historic Office Building Near Courthouse

      Well-maintained 1940s office building with historic features and ample parking.
      219 S Clyde Ave, Kissimmee, FL 34741
      View Details
    • $999,999

      Downtown Kissimmee Two-Story Office Building

      Two-story office building in downtown Kissimmee with ample parking.
      815 Mabbette St, Kissimmee, FL 34741
      View Details
    • $395,000
      1,468 SF

      Freestanding Office Building For Sale

      Freestanding office building in great condition, ideal for professional use.
      111 S Randolph Ave, Kissimmee, FL 34741
      View Details

    Similar Nearby for Lease

    • $37 SF/Yr

      Downtown Kissimmee Stand-Alone Office Building

      Highly visible office building in downtown Kissimmee with dedicated parking.
      198 Broadway, Kissimmee, FL 34741
      View Details
    • $24 SF/Yr
      41,222 SF

      Downtown Kissimmee Retail and Office

      Three-story retail and office building in Downtown Kissimmee's Business District.
      222 Broadway, Kissimmee, FL 34741
      View Details
    • $7,200 /Mo
      4,970 SF

      Two-Story Office Building For Rent

      Two-story office building near County Courthouse available for rent.
      722 Patrick St, Kissimmee, FL 34741
      View Details
    • $37 SF/Yr

      Downtown Kissimmee Stand-Alone Office Building

      Highly visible office building in downtown Kissimmee with dedicated parking.
      198 Broadway, Kissimmee, FL 34741
      View Details
    • $7,200 /Mo

      Two-Story Office Building For Rent

      Two-story office building near County Courthouse available for rent.
      722 Patrick St, Kissimmee, FL 34741
      View Details
    View Listing
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    Kissimmee, FL 34741
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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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