Condo Near Universal
For Sale
$145,000
6165 CARRIER Dr 1215, Orlando, FL 32819
Condo near Universal Studios, suitable for short-term rentals.
Property Size485 SF
Days on Market117
Property Features for 6165 CARRIER Dr 1215
General Information
Standard status
Active
Size
485 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,135
Building Details
Building Size
485 SF
Year Built
1985
Stories
10
Listed By:
Luz Arevalo · License #3110971
(954) 554-0015
Source:
Elliman
Added: May 9
Changed: Aug 13
Last Checked: Sep 1 at 9:48PM
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 Luz Arevalo
Investment Insights
Based on property information with market context.
This unit is located in close proximity to Universal Studios and Epic Universal Park. The building permits short-term rentals, making it suitable for Airbnb and VRBO with potential for return on investment. It is located a short drive from Disney, International Drive, Sea World, and the Convention Center. The location has a bike score of 50, indicating it is bikeable. The walk score is 55, meaning it is somewhat walkable, and the transit score is 44, suggesting some transit options are available.
Key Highlights
- Prime location near Universal Studios and Epic Universal Park
- Approved for short‑term rentals (Airbnb/VRBO) with no restrictions
- High potential for return on 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
$6,285
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
4.33%
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%
$125,700
$125.7K
Cap Rate 7%
$89,786
$89.8K
Cap Rate 9%
$69,833
$69.8K
Market Conditions
NOI Build-Up for 485 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
$12.2K $25.20/SF
− Vacancy
−$794 −$1.64/SF
EGI
$11.4K $23.56/SF
− OpEx
−$5.1K −$10.60/SF
NOI
$6.3K $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%
$125,700
Cap Rate 7%
$89,786
Cap Rate 9%
$69,833
Alternative Uses
Best Use
Apartment 5plus
$89.8K
$78.6K – $104.8K
NOI $6,285 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$156.2K
$136.7K – $182.3K
NOI $10,936 @ 7.0% cap · market cap 7.54%
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 - Condo near Universal Studios, suitable for short-term rentals.
Where is this short term rental property located?
The property is located at 6165 CARRIER Dr 1215 Orlando, FL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Prime location near Universal Studios and Epic Universal Park; Approved for short‑term rentals (Airbnb/VRBO) with no restrictions; High potential for return on investment
