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1045-1085 N John Young Pky

7,200 SF 67% 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
67%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,200 SF
Building FAR
0.22
Land Acres
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

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,400 SF
  • Office/Medical
  • Shell Space
  • Now

Available for rent is 2,400 square feet of office/medical space. This space was previously functioning as a medical practice, but is no longer built out. The property boasts 40 parking spaces, accessible from the front and the back of the building providing ample parking for tenants and clients alike. The current neighboring tenants in the property are both medical practices and this space would provide a great opportunity for a medical practice or any professional services firm.

Space Size Space Use Condition Available
1st Floor 2,400 SF Office/Medical Shell Space Now

1st Floor

Size
2,400 SF
Space Use
Office/Medical
Condition
Shell Space
Available
Now

1st Floor

Size 2,400 SF
Space Use Office/Medical
Condition Shell Space
Available Now

Available for rent is 2,400 square feet of office/medical space. This space was previously functioning as a medical practice, but is no longer built out. The property boasts 40 parking spaces, accessible from the front and the back of the building providing ample parking for tenants and clients alike. The current neighboring tenants in the property are both medical practices and this space would provide a great opportunity for a medical practice or any professional services firm.

Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
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

PROPERTY TAXES

Parcel Number
21-25-29-1412-0001-0020
Land Assessment
$412,900
Improvements Assessment
$547,200
Total Assessment
$960,100
  • Listing ID: 31094164

  • Date on Market: 3/1/2024

  • Last Updated:

  • Address: 1045-1085 N John Young Pky, Kissimmee, FL 34741

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