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

    924 Cypress Pkwy Kissimmee, FL 34759

    • Strip malls
    • 5,508 SF
    • 0.65 lot acres
    For Lease
    View listing
    $30 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8394922
    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

    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 924 Cypress Pkwy

    Year built
    2016
    Lot size
    0.65 lot acres
    Property size
    5,508 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    72729340100010020
    APU
    72729340100010020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,565,000
      Current use
      AUTO REPAIR, GARAGE
      $1,645,000
      Change: +5% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,520,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $1,425,000
      Change: -9% Conversion: Moderate
      RETAIL STORES
      $1,395,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kissimmee
    County
    Osceola
    State
    Florida
    Longitude
    -81.4468
    Latitude
    28.1467
    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
    $18,837
    $448,500
    $786,600
    $1,235,100
    -
    $448,500
    $786,600
    $1,235,100

    Comparable in this City

    • Value Estimation
      $1,685,000
      9,020 SF

      369 Cypress Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,020 SF
      369 Cypress Pkwy, Kissimmee, FL 34759-3326
      View Details
    • Value Estimation
      $3,380,000
      15,055 SF

      4687 Old Pleasant Hl Rd

      SHOPPING CENTER, STRIP CENTER • 15,055 SF
      4687 Old Pleasant Hl Rd, Kissimmee, FL 34759-3423
      View Details
    • Value Estimation
      $3,435,000
      20,000 SF

      1078 Cypress Pkwy

      SHOPPING CENTER, STRIP CENTER • 20,000 SF
      1078 Cypress Pkwy, Kissimmee, FL 34759-3328
      View Details
    • Value Estimation
      $5,420,000
      13,860 SF

      4630 Pleasant Hl Rd

      SHOPPING CENTER, STRIP CENTER • 13,860 SF
      4630 Pleasant Hl Rd, Kissimmee, FL 34759-3474
      View Details
    • Value Estimation
      $2,395,000
      10,667 SF

      851 Towne Ctr Dr

      SHOPPING CENTER, STRIP CENTER • 10,667 SF
      851 Towne Ctr Dr, Kissimmee, FL 34759-3469
      View Details
    • Value Estimation
      $1,700,000
      9,041 SF

      353 Cypress Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,041 SF
      353 Cypress Pkwy, Kissimmee, FL 34759-3326
      View Details

    Similar Nearby for Sale

    • $850,000
      19.70 Acres

      Poinciana Residential Land - $850K

      19.7-acre wooded site, prime residential development.
      0 Laurel Ave, Poinciana, FL 34759
      View Details
    • $37,500

      Land Lot in Poinciana

      Land lot available in Poinciana, Kissimmee, Florida.
      419 Baltic Ct, Kissimmee, FL 34759
      View Details
    • $39,000
      0.25 Acres

      Residential Land in Poinciana, FL

      Treed lot near amenities in a quiet cul-de-sac.
      108 Sail Way, Poinciana, FL 34759
      View Details
    • $37,000
      0.16 Acres

      Residential Land in Kissimmee

      Cleared 7,000 sq ft lot ready for new home.
      1405 Hillsborough Dr, Kissimmee, FL 34759
      View Details
    • $119,000
      0.31 Acres

      Ready-to-Build Land in Kissimmee

      Primed land with utilities and approved plans for dream home.
      2409 Pecos Ln, Kissimmee, FL 34759
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Poinciana, FL

      Commercial retail space available in late December 2023.
      325 Cypress Pkwy, Kissimmee, FL 34759
      View Details
    • $30 SF/Yr
      3,533 SF

      Retail Space on Cypress Parkway

      Retail space with high traffic and strong demographics.
      924 Cypress Pkwy, Kissimmee, FL 34759
      View Details
    • $21,600

      Retail Space in Kissimmee

      Retail space available for lease in Kissimmee, Florida.
      864 Towne Center Dr, Kissimmee, FL 34759
      View Details
    • $23 SF/Yr
      40,354 SF

      Poinciana Medical Office Building

      Class A Medical Office Suites in Kissimmee
      339 Cypress Pkwy, Kissimmee, FL 34759
      View Details
    • $25 SF/Yr
      6,041 SF

      Freestanding Medical Office in Kissimmee

      Medical office building near HCA Florida Poinciana Hospital for lease.
      1050 Cypress Pkwy, Kissimmee, FL 34759
      View Details
    • Contact for pricing
      3,000 SF

      Poinciana Medical Office Space Available

      3,000 SF medical office space for lease in Poinciana.
      1060 Cypress Pkwy, Kissimmee, FL 34759
      View Details
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    Kissimmee, FL 34759
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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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