1045-1085 N John Young Pky
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1045-1085 N John Young Pky
7,200 SF 100% Leased Office Building Kissimmee, FL 34741 $2,600,000 ($361/SF) 6.35% Cap Rate
Investment Highlights
- Prime investment opportunity in Kissimmee, Florida medical district.
- Ample parking for tenants and visitors: 40 spaces accessible from front and back of building.
- Each office fully equipped with independent utilities including electricity, water, and air conditioning.
- Proximity to major highways and public transportation.
Executive Summary
This outstanding professional plaza is strategically positioned on a main road, offering convenient access to the medical district of Kissimmee. This property is listed with a proforma Cap Rate of 6.35% for when the third suite becomes occupied, the in-place Cap Rate at the current 67% occupancy is 3.93%. It features three spacious units, each spanning 2,400 square feet, ideal for medical, administrative, insurance, or other professional services. Currently, two units are occupied by medical practices, showcasing its suitability for healthcare providers. The property boasts 40 parking spaces, accessible from both the front and back of the building, ensuring ample parking for tenants and clients alike. Each office is fully equipped with independent utilities, including electricity, water, and air conditioning, ensuring a comfortable and productive work environment. Whether you're an investor seeking a lucrative opportunity or a healthcare professional looking for a new practice location, this plaza offers the ideal setting.Price Reduced.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,200 SF
Building Class
C
Year Built
1999
Price
$2,600,000
Price Per SF
$361
Cap Rate
6.35%
NOI
$165,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,200 SF
Building FAR
0.22
Lot Size
0.75 AC
Zoning
T-5U - County zoned INCORP, City zoned T5-U Mixed-Use Urban Core
Parking
38 Spaces (5.28 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Walk Score ®
Very Walkable (70)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
13,944
76,465
191,617
2024 Population
13,976
81,352
205,944
Population Growth '20-'24
0.2%
6.4%
7.5%
2020 Households
4,879
26,519
64,769
2024 Households
4,836
27,940
69,142
Household Growth '20-'24
-0.9%
5.4%
6.8%
Average Age
37
37
38
Median Household Income
$35,312
$44,281
$51,693
Daytime Employees
15,227
38,121
65,356
Total Businesses
2,933
6,121
9,732
College Degree + Higher
15%
19%
22%
PROPERTY TAXES
| Parcel Number | 21-25-29-1412-0001-0020 | Improvements Assessment | $547,200 |
| Land Assessment | $412,900 | Total Assessment | $960,100 |
PROPERTY TAXES
Parcel Number
21-25-29-1412-0001-0020
Land Assessment
$412,900
Improvements Assessment
$547,200
Total Assessment
$960,100
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