Furnished Condo-Hotel Near
For Sale
$270,000
6165 CARRIER Dr 2804, Orlando, FL 32819
Turn-key, short-term rental condo near Orlando's attractions.
Property Size583 SF
Lot Size0.01 Acres
Days on Market167
Property Features for 6165 CARRIER Dr 2804
General Information
Standard status
Active
Size
583 SF
Lot size
0.01 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,356
Building Details
Building Size
583 SF
Year Built
1986
Stories
8
Listing Agency:
(754) 245-3942
Listed By:
Christopher Trumbach
(754) 245-3942
Source:
Elliman
Added: Mar 10
Changed: Aug 10
Last Checked: Aug 22 at 12:18PM
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 Christopher Trumbach
Investment Insights
Based on property information with market context.
This fully furnished condo-hotel features 2 bedrooms and 2 bathrooms, presenting a turn-key investment opportunity. The property is zoned for short-term rentals and is ready for Airbnb and VRBO use. A private balcony provides an outdoor space. Located minutes from International Drive, Universal Studios, SeaWorld, and the Orlando Convention Center, the property offers access to Orlando's attractions. Walt Disney World, The Mall at Millenia, Premium Outlets, and Florida’s beaches are within a short drive. Residents have access to resort-style amenities, including 3 swimming pools (one indoor heated pool), 3 hot tubs, a kiddie pool, a tennis court, a playground, a fitness center, and an on-site restaurant with indoor and outdoor seating. Additional conveniences include a 24-hour front desk service and laundry facilities.
Key Highlights
- Prime location near International Drive, Universal Studios, SeaWorld, and the Orlando Convention Center.
- Zoned for short‑term rentals, Airbnb & VRBO ready for immediate income generation.
- Fully furnished 2‑bedroom, 2‑bathroom condo‑hotel, offering a turn‑key investment.**
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
$7,555
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
2.80%
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%
$151,100
$151.1K
Cap Rate 7%
$107,929
$107.9K
Cap Rate 9%
$83,944
$83.9K
Market Conditions
NOI Build-Up for 583 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
$14.7K $25.20/SF
− Vacancy
−$955 −$1.64/SF
EGI
$13.7K $23.56/SF
− OpEx
−$6.2K −$10.60/SF
NOI
$7.6K $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%
$151,100
Cap Rate 7%
$107,929
Cap Rate 9%
$83,944
Alternative Uses
Best Use
Apartment 5plus
$107.9K
$94.4K – $125.9K
NOI $7,555 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$187.8K
$164.3K – $219.1K
NOI $13,146 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,783
Businesses Nearby
Explore this area
Business Placement
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
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?
Short term rental property - Turn-key, short-term rental condo near Orlando's attractions.
Where is this short term rental property located?
The property is located at 6165 CARRIER Dr 2804 Orlando, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Prime location near International Drive, Universal Studios, SeaWorld, and the Orlando Convention Center.; Zoned for short‑term rentals, Airbnb & VRBO ready for immediate income generation.; Fully furnished 2‑bedroom, 2‑bathroom condo‑hotel, offering a turn‑key investment.**
