Upscale Condo in Gated
For Sale
$131,900
5124 CONROY Rd 635, Orlando, FL 32811
Condo with pool, clubhouse, fitness center, and theater room.
Property Size711 SF
Lot Size0.20 Acres
Days on Market276
Property Features for 5124 CONROY Rd 635
General Information
Standard status
Active
Size
711 SF
Lot size
0.20 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,990
Building Details
Building Size
711 SF
Year Built
1988
Stories
3
Listing Agency:
(407) 860-0698
Listed By:
Maigualida Palacios, LLC
(407) 860-0698
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 27
Last Checked: Aug 29 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maigualida Palacios, LLC
Investment Insights
Based on property information with market context.
This property is located within a gated community that offers an upscale lifestyle. Community amenities include an over-sized community pool, clubhouse, fitness and yoga center, theater room, outdoor grilling station, and playroom. The property is located minutes from shopping at the Mall of Millenia and surrounded by restaurants and attractions, including Disney, Universal, Wet N Wild and International Drive. Interior features include cherry-finish cabinetry, granite countertops, and ceramic tile flooring in kitchen and bath areas. Vaulted ceilings and solariums are available.
Key Highlights
- Gated community providing security and exclusivity.
- Enjoy an upscale lifestyle with a community pool, clubhouse, fitness/yoga center, theater, grilling station, and playroom.
- Minutes from Mall of Millennia, gourmet restaurants, and attractions (Disney, Universal, Wet n Wild, International Drive).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,214
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,280
$184.3K
Cap Rate 7%
$131,629
$131.6K
Cap Rate 9%
$102,378
$102.4K
Market Conditions
NOI Build-Up for 711 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.9K $25.20/SF
− Vacancy
−$1.2K −$1.64/SF
EGI
$16.8K $23.56/SF
− OpEx
−$7.5K −$10.60/SF
NOI
$9.2K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,280
Cap Rate 7%
$131,629
Cap Rate 9%
$102,378
Alternative Uses
Best Use
Apartment 5plus
$131.6K
$115.2K – $153.6K
NOI $9,214 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$229.0K
$200.4K – $267.2K
NOI $16,033 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 32811, FL
42,274
Population
18,487
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
5,093
Density / Sq Mi
$52,124
Median Household Income
$32,268
Median Earnings
$1,483
Median Rent
$199,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Condo with pool, clubhouse, fitness center, and theater room.
Where is this apartment building located?
The property is located at 5124 CONROY Rd 635 Orlando, FL.
What is the asking price?
The asking price for this property is $131,900.
What are key features of this property?
This property features: Gated community providing security and exclusivity.; Enjoy an upscale lifestyle with a community pool, clubhouse, fitness/yoga center, theater, grilling station, and playroom.; Minutes from Mall of Millennia, gourmet restaurants, and attractions (Disney, Universal, Wet n Wild, International Drive).
