Turnkey Resort Condo with Water
For Sale
$185,000
12527 FLORIDAYS RESORT Dr 406-E, Orlando, FL 32821
Luxurious, fully furnished 2-bedroom condo with water and pool views.
Property Size957 SF
Lot Size0.02 Acres
Price / SF$181.91
Days on Market152
Property Features for 12527 FLORIDAYS RESORT Dr 406-E
General Information
Standard status
Active
Size
957 SF
Lot size
0.02 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,398
Building Details
Building Size
957 SF
Year Built
2006
Stories
6
Listing Agency:
(888) 434-0065
Listed By:
Jeremy Kibler
(888) 434-0065
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 Jeremy Kibler
Investment Insights
Based on property information with market context.
This fully furnished, 1,017-square-foot vacation suite features 2 bedrooms and 2 full bathrooms. It includes a furnished private balcony with water, pool, and city views. The condo is located within the Floridays Resort and is not part of the on-site rental program, allowing owners to manage their own rentals or choose their own management team. The master suite includes a king bed and an en suite full bathroom with a jacuzzi tub, walk-in shower, vanity, and granite countertops. The guest bedroom has two full beds and access to a shared second full bathroom with a tub and shower, single vanity, and granite countertops. The condo includes all appliances, a fully equipped kitchen with granite countertops and a granite island, a washer and dryer, window treatments, all furnishings, and flat-screen TVs in each bedroom and living room. The property is located minutes from dining and championship golfing, and a short drive from Walt Disney World, Epcot, Universal Orlando Resort, and SeaWorld. The Floridays Resort offers two private pools, a lagoon, a pool bar, a game room, a fitness center, a business center, concierge services, housekeeping services, free self-parking, ice and vending machines, and EV charging stations. The resort also provides daily shuttle service to Walt Disney World, Universal Orlando Resort, and SeaWorld. The property is pet-friendly with designated pet areas. The on-site Palm Café and Marketplace serves Starbucks coffee, snacks, breakfast, lunch, and dinner with room service delivery.
Key Highlights
- Turnkey, fully furnished 2‑bedroom, 2‑bath condo ready for immediate rental income.
- Not part of the on‑site rental program, allowing owner flexibility in rental management.
- Enjoy water, pool, and city views from your private balcony.
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
$13,179
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
7.12%
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%
$263,580
$263.6K
Cap Rate 7%
$188,271
$188.3K
Cap Rate 9%
$146,433
$146.4K
Market Conditions
NOI Build-Up for 1,017 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
$25.6K $25.20/SF
− Vacancy
−$1.7K −$1.64/SF
EGI
$24.0K $23.56/SF
− OpEx
−$10.8K −$10.60/SF
NOI
$13.2K $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%
$263,580
Cap Rate 7%
$188,271
Cap Rate 9%
$146,433
Alternative Uses
Best Use
Apartment 5plus
$188.3K
$164.7K – $219.7K
NOI $13,179 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.6K
$286.7K – $382.2K
NOI $22,933 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 32821, FL
25,999
Population
15,061
Households
1.7
Avg Household Size
33
Median Age
44%
College-Educated
95%
High-School Grad
16.3 sq mi
ZIP Area
1,595
Density / Sq Mi
$59,927
Median Household Income
$39,230
Median Earnings
$1,782
Median Rent
$300,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Luxurious, fully furnished 2-bedroom condo with water and pool views.
Where is this short term rental property located?
The property is located at 12527 FLORIDAYS RESORT Dr 406-E Orlando, FL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Turnkey, **fully furnished 2‑bedroom, 2‑bath condo** ready for immediate rental income.; Not part of the on‑site rental program, allowing owner flexibility in rental management.; Enjoy water, pool, and city views from your **private balcony**.
