Furnished Three-Bedroom
For Sale
$215,000
12544 FLORIDAYS RESORT DRIVE #612B, Orlando, FL 32821
Penthouse corner residence with updated interiors, private balcony, and access to resort amenities.
Property Size1,200 SF
Price / SF$179.17
Days on Market31
Property Features for 12544 FLORIDAYS RESORT DRIVE #612B
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Furnished
Yes
Public Transit
Yes
Amenities
lobby
clubhouse
pool
cafe/bar
fitness center
private balcony
jacuzzi
Building Details
Year Built
2006
Listing Agency:
LA ROSA REALTY ORLANDO LLC
(407) 288-8201
Listed By:
Moire McKibbin · License #3344967
Source:
Dennisrealty
Added: Aug 3
Changed: Sep 2
Last Checked: Sep 1 at 5:09PM
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 LA ROSA REALTY ORLANDO LLC
Investment Insights
Based on property information with market context.
This furnished penthouse corner condo in Building B offers three bedrooms and a private balcony. The primary bedroom includes two additional windows and a Jacuzzi, while TVs are installed in each room. Interior improvements completed from 2019 to 2023 include stainless steel appliances, contemporary manufactured plank flooring in the living and dining areas, new bedroom carpeting, a new AC system, curtains, pelmets, and solid granite countertops.
The residence is adjacent to the lobby, clubhouse, grand pool, Palm Cafe and Bar, and a renovated fitness center. The property is served by the I-Drive Trolley, providing access to shops, restaurants, dinner shows, and Icon Park with the Orlando Eye. SeaWorld and Universal are within 10 minutes, and Walt Disney World shares the same ZIP code. Walk Score is 37 and Bike Score is 57.
The residence is adjacent to the lobby, clubhouse, grand pool, Palm Cafe and Bar, and a renovated fitness center. The property is served by the I-Drive Trolley, providing access to shops, restaurants, dinner shows, and Icon Park with the Orlando Eye. SeaWorld and Universal are within 10 minutes, and Walt Disney World shares the same ZIP code. Walk Score is 37 and Bike Score is 57.
Key Highlights
- Three‑bedroom furnished penthouse corner condo in Building B
- Interior updates completed from 2019 to 2023
- Private balcony, granite countertops, and Jacuzzi in the primary bedroom
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
7.23%
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 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.6K
$338.2K – $451.0K
NOI $27,059 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Penthouse corner residence with updated interiors, private balcony, and access to resort amenities.
Where is this residential income property located?
The property is located at 12544 FLORIDAYS RESORT DRIVE #612B Orlando, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Three‑bedroom furnished penthouse corner condo in Building B; Interior updates completed from 2019 to 2023; Private balcony, granite countertops, and Jacuzzi in the primary bedroom
