Resort Condo with Water
For Sale
$170,000
Pending
12527 FLORIDAYS RESORT Dr E104, Orlando, FL 32821
Fully furnished, 3-bedroom condo in amenity-rich resort, short-term rental ready.
Property Size1,200 SF
Lot Size0.03 Acres
Days on Market161
Property Features for 12527 FLORIDAYS RESORT Dr E104
General Information
Standard status
Pending
Size
1,200 SF
Lot size
0.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,811
Building Details
Building Size
1,200 SF
Year Built
2006
Stories
6
Listing Agency:
Wemert Group Realty
(407) 809-1193
Listed By:
Jenny Wemert · License #3044371
(407) 809-1193
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
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 Wemert Group Realty
Investment Insights
Based on property information with market context.
This fully furnished, first-floor condo at Floridays Resort in Orlando features 3 bedrooms and 2 bathrooms, and is short-term rental ready. The unit includes a well-appointed kitchen that opens to the living and dining areas. The primary suite is separated from the other two bedrooms and includes a jacuzzi tub and separate shower. Ceiling fans are located in every bedroom, the living room, and the screened lanai. Water views are available from the lanai. An in-unit washer and dryer are included. The property is managed by an onsite property manager. Floridays Resort amenities include two pools, a sandy beach area, wading pool, spa, full bar, cafe, game room, fitness center, and rentable event space. Shuttle services to and from area theme parks are available. The property is located off Daryl Carter Parkway, minutes from I-4, and near shopping, dining, entertainment, and theme parks. The property is intended for use as a vacation home or an income-producing property.
Key Highlights
- Turn‑key, fully furnished 3‑bedroom, 2‑bath unit, short‑term rental ready.
- Located in Floridays Resort Orlando, a TripAdvisor Travelers' Choice Award Winner with extensive resort‑style amenities including two pools and a fitness center.
- Onsite property management handles rentals and maintenance.
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
$15,551
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
9.15%
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%
$311,020
$311.0K
Cap Rate 7%
$222,157
$222.2K
Cap Rate 9%
$172,789
$172.8K
Market Conditions
NOI Build-Up for 1,200 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
$30.2K $25.20/SF
− Vacancy
−$2.0K −$1.64/SF
EGI
$28.3K $23.56/SF
− OpEx
−$12.7K −$10.60/SF
NOI
$15.6K $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%
$311,020
Cap Rate 7%
$222,157
Cap Rate 9%
$172,789
Alternative Uses
Best Use
Apartment 5plus
$222.2K
$194.4K – $259.2K
NOI $15,551 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.6K
$338.2K – $451.0K
NOI $27,059 @ 7.0% cap · market cap 15.92%
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
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished, 3-bedroom condo in amenity-rich resort, short-term rental ready.
Where is this short term rental property located?
The property is located at 12527 FLORIDAYS RESORT Dr E104 Orlando, FL.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Turn‑key, fully furnished 3‑bedroom, 2‑bath unit, short‑term rental ready.; Located in Floridays Resort Orlando, a TripAdvisor Travelers' Choice Award Winner with extensive resort‑style amenities including two pools and a fitness center.; Onsite property management handles rentals and maintenance.
