Two-Bedroom, Two-Bath
For Sale
$429,000
7593 GATHERING Dr 209, Reunion, FL 34747
Turnkey two-bedroom, two-bath condo in a short-term rental community, sold fully furnished with dual balconies.
Property Size1,646 SF
Days on Market128
Property Features for 7593 GATHERING Dr 209
General Information
Standard status
Active
Size
1,646 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,376
Building Details
Building Size
1,646 SF
Year Built
2007
Stories
11
Listing Agency:
REAL BROKER, LLC
Listed By:
Mark Sayad · License #619776
(407) 770-9990
Source:
Elliman
Added: Apr 28
Changed: Aug 14
Last Checked: Sep 1 at 6:08PM
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 two-bedroom, two-bath condo offers a bright, open layout with professionally selected furnishings, decor, and lighting. The residence includes hardwood floors in the bedrooms and features dual balconies that provide separate outdoor gathering spaces. The property is being sold fully furnished and is currently operating in a short-term rental program, with an established history intended to support day-one continuity for a new owner.
Set within a community that offers swimming pools, fitness facilities, walking paths, and multiple on-site dining options, the home is positioned for visitors looking for access to Orlando-area attractions. The public remarks note convenient travel to major highways and a short drive to Walt Disney World, along with shopping, golf courses, and a variety of restaurants.
Overall, this is a turnkey, move-in-ready condo configuration designed for immediate use as a short-term rental or personal residence, with no additional updates referenced in the available information.
Set within a community that offers swimming pools, fitness facilities, walking paths, and multiple on-site dining options, the home is positioned for visitors looking for access to Orlando-area attractions. The public remarks note convenient travel to major highways and a short drive to Walt Disney World, along with shopping, golf courses, and a variety of restaurants.
Overall, this is a turnkey, move-in-ready condo configuration designed for immediate use as a short-term rental or personal residence, with no additional updates referenced in the available information.
Key Highlights
- 2007‑built 2‑bedroom, 2‑bath condo in Reunion Grande, sold fully furnished
- Operating in a short‑term rental program with an established history and revenue potential
- Dual balconies provide two separate outdoor spaces for nightly fireworks viewing
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
$20,213
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
4.71%
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%
$404,260
$404.3K
Cap Rate 7%
$288,757
$288.8K
Cap Rate 9%
$224,589
$224.6K
Market Conditions
NOI Build-Up for 1,646 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
$39.3K $23.88/SF
− Vacancy
−$2.6K −$1.55/SF
EGI
$36.8K $22.33/SF
− OpEx
−$16.5K −$10.05/SF
NOI
$20.2K $12.28/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$23.88 /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%
$404,260
Cap Rate 7%
$288,757
Cap Rate 9%
$224,589
Alternative Uses
Best Use
Apartment 5plus
$288.8K
$252.7K – $336.9K
NOI $20,213 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$509.0K
$445.4K – $593.8K
NOI $35,628 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 34747, FL
26,560
Population
22,016
Households
1.2
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
43.4 sq mi
ZIP Area
612
Density / Sq Mi
$83,141
Median Household Income
$41,932
Median Earnings
$1,812
Median Rent
$455,600
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 - Turnkey two-bedroom, two-bath condo in a short-term rental community, sold fully furnished with dual balconies.
Where is this short term rental property located?
The property is located at 7593 GATHERING Dr 209 Reunion, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2007‑built 2‑bedroom, 2‑bath condo in Reunion Grande, sold fully furnished; Operating in a short‑term rental program with an established history and revenue potential; Dual balconies provide two separate outdoor spaces for nightly fireworks viewing
