CYPRESS PLAZA | 8.38% YR 1 CAP | $172/SF| RETAIL &… — Sale in Kissimmee, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Kissimmee, FL 34741
  • Year built: 1999

Photos

CYPRESS PLAZA | 8.38% YR 1 CAP | $172/SF| RETAIL &… — Sale in Kissimmee, FL, photo 1 of 5
CYPRESS PLAZA | 8.38% YR 1 CAP | $172/SF| RETAIL &… — Sale in Kissimmee, FL, photo 2 of 5
CYPRESS PLAZA | 8.38% YR 1 CAP | $172/SF| RETAIL &… — Sale in Kissimmee, FL, photo 3 of 5
CYPRESS PLAZA | 8.38% YR 1 CAP | $172/SF| RETAIL &… — Sale in Kissimmee, FL, photo 4 of 5
CYPRESS PLAZA | 8.38% YR 1 CAP | $172/SF| RETAIL &… — Sale in Kissimmee, FL, photo 5 of 5

Investment Figures

Cap rate
8.38%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire this fully lease multi tenant retail center in the heart of Kissimmee, FL. Offered at $172/SF with a 8.38% Year 1 CAP. Currently operated under Gross lease structures, providing value-add through conversion to NNN leases over time. Average net rents currently at $14.47/SF, with average market rents at $31.32 (According to CoStar). This provides a clear opportunity for future rent growth and improved expense recovery. Strategically located just off W Vine St (US-192), one of Kissimmee’s primary commercial corridors. The location offers convenient access to John Young Parkway, Osceola Parkway, Florida’s Turnpike, I-4, and the greater Orlando MSA. The surrounding area is supported by major employers, national retailers, schools, healthcare providers, and dense residential neighborhoods, including proximity to HCA Florida Osceola Hospital and Kissimmee Gateway Airport. The property is further supported by strong demographic growth, with approx. 228,355 residents within a five mile radius, projected to increase to 246,866 by 2030. Combined with full occupancy, below-market rents, and the ability to improve lease structure, 201 W Cypress St presents a stable in place asset and a clear place for long term income growth. Investment Highlights: • Value-Add Opportunity Through Lease Conversion: All current tenants are operating under gross leases, creating a clear path for future NOI growth through converting leases to NNN. • Individual Condo Units: The property is compromised of 10 individual condo units providing investors with added flexibility for future ownership structure. • Ample On-Site Parking: The property offers ~60 parking spaces, providing convenient access. • Attractive Entry Point Below Replacement Cost: Offered at approximately $172/SF, the Property presents an attractive entry point for a fully occupied multi-tenant industrial/flex asset in the growing Kissimmee market. • Flex Use Potential:

Market Context

This retail in Kissimmee, FL is listed for sale. It is offered at an approximate 8.4% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1999. Compare it against other retail listings for sale in Kissimmee, FL — view the full market.

As of Q1 2026, the Orlando retail market showed a 3.9% vacancy rate, average asking rents near $31.24/SF/yr, and rents up 5.2% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Orlando retail market tightening or softening?
Vacancy is around 3.9%, with asking rents rising year over year (Q1 2026).

Estimated Price per SF

$72.61/SF – $528.07/SF

Mid: $220.03/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

Explore this market

Similar Retail Business for Sale in Florida