Resort Condo Unit with
For Sale
$220,000
12544 FLORIDAYS RESORT Dr 312B, Orlando, FL 32821
Third-floor, fully furnished condo at Floridays Resort with a screened-in balcony and access to multiple resort amenities.
Property Size1,200 SF
Days on Market114
Property Features for 12544 FLORIDAYS RESORT Dr 312B
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$3,811
Amenities
main pool with water playscape and poolside bar
second pool with gazebo and lake views
fully equipped fitness center
game room
screened-in balcony
Building Details
Building Size
1,200 SF
Year Built
2006
Stories
6
Listing Agency:
Sellstate 5 Star Realty
(239) 634-1198
Listed By:
Raul Leyva · License #277007338
(239) 634-1198
Source:
Elliman
Added: Apr 28
Changed: Aug 17
Last Checked: Aug 18 at 6:48AM
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 Sellstate 5 Star Realty
Investment Insights
Based on property information with market context.
This turn-key, fully furnished third-floor condo at Floridays Resort offers an open-concept layout designed for entertaining. The unit features a screened-in balcony and a spacious main bathroom with a jetted tub and walk-in shower.
Floridays Resort sits on five acres and includes a main pool with water playscape and poolside bar, as well as a second pool with gazebo and lake views. Additional on-site amenities include a fully equipped fitness center and a game room. The association fee includes ground maintenance, insurance, water, cable, and internet.
The property is approved for short-term rental or use as a vacation home only.
Floridays Resort sits on five acres and includes a main pool with water playscape and poolside bar, as well as a second pool with gazebo and lake views. Additional on-site amenities include a fully equipped fitness center and a game room. The association fee includes ground maintenance, insurance, water, cable, and internet.
The property is approved for short-term rental or use as a vacation home only.
Key Highlights
- 2006‑built third‑floor condo at Floridays Resort with screened‑in balcony
- Fully furnished unit with open‑concept layout
- Main bathroom includes jetted tub and walk‑in shower
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
7.07%
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 7.07%
Second Best
Hotel Hospitality
$80.6K
$70.5K – $94.1K
NOI $5,643 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$386.6K
$338.2K – $451.0K
NOI $27,059 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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?
Resort - Third-floor, fully furnished condo at Floridays Resort with a screened-in balcony and access to multiple resort amenities.
Where is this resort located?
The property is located at 12544 FLORIDAYS RESORT Dr 312B Orlando, FL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2006‑built third‑floor condo at Floridays Resort with screened‑in balcony; Fully furnished unit with open‑concept layout; Main bathroom includes jetted tub and walk‑in shower
