Furnished Short-Term Rental
For Sale
$399,000
13427 BLUE HERON BEACH DRIVE #2107, Orlando, FL 32821
End-unit layout includes two balconies and a full kitchen with granite countertops.
Property Size1,078 SF
Price / SF$370.13
Days on Market23
Property Features for 13427 BLUE HERON BEACH DRIVE #2107
General Information
Standard status
Active
Size
1,078 SF
Elevators
Yes
Property subtype
Condo - Hotel
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
covered parking
security
washer and dryer
heated pools
hot tubs
video game room
exercise room
2 balconies
granite counter tops
water included
trash included
home phone
cable
WIFI
Building Details
Year Built
2007
Listing Agency:
ELITE EVOLUTION PROPERTIES
(407) 905-6700
Listed By:
Shelly Garrison · License #517681
Source:
Endlesssummerrealty
Added: Jul 28
Changed: Aug 17
Last Checked: Aug 18 at 5:35AM
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 ELITE EVOLUTION PROPERTIES
Investment Insights
Based on property information with market context.
This furnished 21st-floor penthouse at Blue Heron Beach Resort is an end unit with two balconies, including one facing Lake Bryan and another oriented toward the area attractions. The floor plan can accommodate up to 8 sleeping and includes a full kitchen with granite countertops, refrigerator, stove, dishwasher, small appliances, dishes, and utensils. A full washer and dryer, covered parking, keyed elevator access, and security are also included.
The property is located on Blue Heron Beach Drive in Orlando, next to Lake Bryan and minutes from Disney World, SeaWorld, and Universal Studios. Resort amenities include heated pools, hot tubs, a video game room, and an exercise room. The condo fee includes water, trash, home phone, cable, and WIFI.
The property is located on Blue Heron Beach Drive in Orlando, next to Lake Bryan and minutes from Disney World, SeaWorld, and Universal Studios. Resort amenities include heated pools, hot tubs, a video game room, and an exercise room. The condo fee includes water, trash, home phone, cable, and WIFI.
Key Highlights
- 21st‑floor end‑unit penthouse with two balconies
- One balcony faces Lake Bryan; the other faces area attractions
- Floor plan can accommodate up to 8 sleeping
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
$13,970
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
3.50%
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%
$279,400
$279.4K
Cap Rate 7%
$199,571
$199.6K
Cap Rate 9%
$155,222
$155.2K
Market Conditions
NOI Build-Up for 1,078 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
$27.2K $25.20/SF
− Vacancy
−$1.8K −$1.64/SF
EGI
$25.4K $23.56/SF
− OpEx
−$11.4K −$10.60/SF
NOI
$14.0K $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%
$279,400
Cap Rate 7%
$199,571
Cap Rate 9%
$155,222
Alternative Uses
Best Use
Apartment 5plus
$199.6K
$174.6K – $232.8K
NOI $13,970 @ 7.0% cap · market cap 3.50%
Second Best
Hotel Hospitality
$72.4K
$63.4K – $84.5K
NOI $5,069 @ 7.0% cap · market cap 1.27%
Theoretical Best
Office A
$347.3K
$303.9K – $405.1K
NOI $24,308 @ 7.0% cap · market cap 6.09%
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
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
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 - End-unit layout includes two balconies and a full kitchen with granite countertops.
Where is this short term rental property located?
The property is located at 13427 BLUE HERON BEACH DRIVE #2107 Orlando, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 21st‑floor end‑unit penthouse with two balconies; One balcony faces Lake Bryan; the other faces area attractions; Floor plan can accommodate up to 8 sleeping
