Renovated Condo Near Disney
For Sale
$318,500
8762 WORLDQUEST Blvd 6102, Orlando, FL 32821
3-bedroom, 2-bath condo with resort amenities and income potential.
Property Size1,421 SF
Days on Market106
Property Features for 8762 WORLDQUEST Blvd 6102
General Information
Standard status
Active
Size
1,421 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,794
Building Details
Building Size
1,421 SF
Year Built
2008
Stories
5
Listing Agency:
REAL BROKER, LLC
(407) 552-1890
Listed By:
Fatima Cabral Mendonca Leefers · License #3383149
(407) 552-1890
Source:
Elliman
Added: Apr 24
Changed: Aug 7
Last Checked: Aug 7 at 2:16AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This fully renovated 3-bedroom, 2-bath condo is located in WorldQuest Resort, minutes from Walt Disney World. The property features modern finishes, updated flooring, and stylish kitchen upgrades. The layout is designed to comfortably accommodate multiple guests. The open-concept living and dining space is suitable for relaxation and entertainment. The location offers proximity to Walt Disney World. Complimentary shuttles are available to Disney and Universal Parks. Resort-style amenities include a tropical pool, poolside tiki bar, fitness center, gated community, and concierge-style services. This property is suitable as a high-performing short-term rental or a personal vacation escape. The bike score is 37, indicating it is somewhat bikeable, and the walk score is 8, indicating car dependence.
Key Highlights
- Fully renovated 3‑bedroom, 2‑bath condo with modern finishes and stylish kitchen upgrades.
- Located minutes from Walt Disney World, ideal for vacationers and investors.
- High‑performing short‑term rental potential with strong income opportunities.
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
$18,415
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
5.78%
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%
$368,300
$368.3K
Cap Rate 7%
$263,071
$263.1K
Cap Rate 9%
$204,611
$204.6K
Market Conditions
NOI Build-Up for 1,421 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
$35.8K $25.20/SF
− Vacancy
−$2.3K −$1.64/SF
EGI
$33.5K $23.56/SF
− OpEx
−$15.1K −$10.60/SF
NOI
$18.4K $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%
$368,300
Cap Rate 7%
$263,071
Cap Rate 9%
$204,611
Alternative Uses
Best Use
Apartment 5plus
$263.1K
$230.2K – $306.9K
NOI $18,415 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.8K
$400.5K – $534.1K
NOI $32,043 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
94
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 - 3-bedroom, 2-bath condo with resort amenities and income potential.
Where is this short term rental property located?
The property is located at 8762 WORLDQUEST Blvd 6102 Orlando, FL.
What is the asking price?
The asking price for this property is $318,500.
What are key features of this property?
This property features: Fully renovated 3‑bedroom, 2‑bath condo with modern finishes and stylish kitchen upgrades.; Located minutes from Walt Disney World, ideal for vacationers and investors.; High‑performing short‑term rental potential with strong income opportunities.
