Furnished Short-Term Rental
New
For Sale
$360,000
13427 BLUE HERON BEACH DRIVE #1804, Orlando, FL 32821
The residence permits short-term rentals and includes a private balcony with views of Lake Bryan.
Property Size1,169 SF
Price / SF$307.96
Days on Market3
Property Features for 13427 BLUE HERON BEACH DRIVE #1804
General Information
Standard status
Active
Size
1,169 SF
Elevators
Yes
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
swimming pools
heated pool
children's pool
hot tubs
fitness centers
game room
lakeside walking paths
boardwalk
fishing pier
playground
poolside tiki bar
watersports
covered parking
resort security
in-unit washer and dryer
Building Details
Year Built
2007
Listing Agency:
ADVANCE REALTY & MANAGEMENT LLC
(407) 901-3636
Listed By:
Anamaris Rodriguez · License #3380509
Source:
Dennisrealty
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 9:32AM
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 ADVANCE REALTY & MANAGEMENT LLC
Investment Insights
Based on property information with market context.
Located on the 18th floor of Tower 2 at Blue Heron Beach Resort, this 1,169-square-foot condominium has two bedrooms and two full bathrooms. The unit is fully furnished and features an open living area, a kitchen with full-size appliances, granite countertops, and cookware, plus a stacked washer and dryer. A private balcony is accessible from both the living area and primary suite, with views of Lake Bryan and the resort. Built in 2007, the condominium allows short-term rentals, and owners may self-manage or use a professional management company.
Resort amenities include two swimming pools, one heated, a children's pool, hot tubs, two fitness centers, an arcade game room, lakeside paths, a boardwalk, a fishing pier, a playground, and a poolside tiki bar. Watersports, including jet skis and pontoon boats, are available from the resort dock. Walt Disney World and Disney Springs are each less than a mile away. The condominium fee covers water, trash, cable, Wi-Fi, and home phone service; covered parking, key-access elevators, and resort security are also provided.
Resort amenities include two swimming pools, one heated, a children's pool, hot tubs, two fitness centers, an arcade game room, lakeside paths, a boardwalk, a fishing pier, a playground, and a poolside tiki bar. Watersports, including jet skis and pontoon boats, are available from the resort dock. Walt Disney World and Disney Springs are each less than a mile away. The condominium fee covers water, trash, cable, Wi-Fi, and home phone service; covered parking, key-access elevators, and resort security are also provided.
Key Highlights
- Two‑bedroom, two‑bathroom condominium with 1,169 square feet
- Fully furnished unit on the 18th floor of Tower 2; built in 2007
- Private balcony with Lake Bryan views and access from the primary suite
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
$15,149
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
4.21%
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%
$302,980
$303.0K
Cap Rate 7%
$216,414
$216.4K
Cap Rate 9%
$168,322
$168.3K
Market Conditions
NOI Build-Up for 1,169 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
$29.5K $25.20/SF
− Vacancy
−$1.9K −$1.64/SF
EGI
$27.5K $23.56/SF
− OpEx
−$12.4K −$10.60/SF
NOI
$15.1K $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%
$302,980
Cap Rate 7%
$216,414
Cap Rate 9%
$168,322
Alternative Uses
Best Use
Apartment 5plus
$216.4K
$189.4K – $252.5K
NOI $15,149 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.6K
$329.5K – $439.3K
NOI $26,360 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
293
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - The residence permits short-term rentals and includes a private balcony with views of Lake Bryan.
Where is this short term rental property located?
The property is located at 13427 BLUE HERON BEACH DRIVE #1804 Orlando, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium with 1,169 square feet; Fully furnished unit on the 18th floor of Tower 2; built in 2007; Private balcony with Lake Bryan views and access from the primary suite
