Remodeled Condo-Hotel Unit Near
For Sale
$65,000
3000 MAINGATE Ln 421, Kissimmee, FL 34747
Turnkey suite with amenities near Orlando attractions, dining, entertainment.
Property Size304 SF
Days on Market154
Property Features for 3000 MAINGATE Ln 421
General Information
Standard status
Active
Size
304 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$872
Building Details
Building Size
304 SF
Year Built
1998
Stories
5
Listed By:
VIV Cunningham PA
(321) 231-8487
Source:
Elliman
Added: Apr 27
Changed: Sep 18
Last Checked: Sep 26 at 10:15AM
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 VIV Cunningham PA
Investment Insights
Based on property information with market context.
This fully remodeled condo-hotel unit is located in Galleria Palms, near Orlando attractions, dining, and entertainment. The turnkey suite includes 2 queen beds, new tile flooring, fresh paint, updated furnishings, and a 49-inch wall-mounted TV. It also features a granite vanity, wet bar, microwave, mini-fridge, and upgraded Wi-Fi. The bathroom includes dual sinks with granite counters. Property amenities include a pool, sun deck, daily hot breakfast, and shuttle service to parks. On-site property management is available. Ownership restrictions apply, including a maximum 14-day owner occupancy stay, and the unit must remain in the on-site rental program. The location has a walk score of 27, indicating it is car-dependent, and a bike score of 34, indicating it is somewhat bikeable.
Key Highlights
- Fully remodeled condo‑hotel unit, turnkey ready.
- On‑site property management for hassle‑free rental income.
- Proximity to Orlando attractions, dining, and entertainment.
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
$2,339
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
3.60%
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%
$46,780
$46.8K
Cap Rate 7%
$33,414
$33.4K
Cap Rate 9%
$25,989
$26.0K
Market Conditions
NOI Build-Up for 304 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
$5.5K $18.00/SF
− Vacancy
−$547 −$1.80/SF
EGI
$4.9K $16.20/SF
− OpEx
−$2.6K −$8.51/SF
NOI
$2.3K $7.69/SF
Area
Osceola County, FL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$46,780
Cap Rate 7%
$33,414
Cap Rate 9%
$25,989
Alternative Uses
Best Use
Hotel Hospitality
$33.4K
$29.2K – $39.0K
NOI $2,339 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$94.0K
$82.3K – $109.7K
NOI $6,580 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 34747, FL
26,560
Population
22,016
Households
1.2
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
43.4 sq mi
ZIP Area
612
Density / Sq Mi
$83,141
Median Household Income
$41,932
Median Earnings
$1,812
Median Rent
$455,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Turnkey suite with amenities near Orlando attractions, dining, entertainment.
Where is this hotel located?
The property is located at 3000 MAINGATE Ln 421 Kissimmee, FL.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: Fully remodeled condo‑hotel unit, turnkey ready.; On‑site property management for hassle‑free rental income.; Proximity to Orlando attractions, dining, and entertainment.
