Studio Condo at Grove
For Sale
$150,000
15695 GROVE RESORT Ave 4417, Winter Garden, FL 34787
Studio condo with water park access near Disney World.
Property Size350 SF
Days on Market267
Property Features for 15695 GROVE RESORT Ave 4417
General Information
Standard status
Active
Size
350 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,024
Building Details
Building Size
350 SF
Year Built
2024
Stories
1
Listing Agency:
(305) 761-5465
Listed By:
Linda Levine
(305) 761-5465
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 17
Last Checked: Aug 22 at 8:40AM
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 Linda Levine
Investment Insights
Based on property information with market context.
This studio condo is located within The Terraces at the Grove Resort & Water Park. The property features amenities including a surfing water park, wave pool, fitness studio, mini market, and a secluded infinity pool with a poolside bar. Additional amenities include a fitness center, park playground, racquet ball, tennis courts, fishing, and a private boat ramp. The property is located minutes from shopping, restaurants, and golfing. Disney World is located minutes away. The property can be used as a vacation resort or vacation rental.
Key Highlights
- Access to Surfing Water Park and Wave Pool
- Located within The Terraces at the Grove Resort & Water Park
- Minutes from Disney World
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
$4,298
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
2.87%
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%
$85,960
$86.0K
Cap Rate 7%
$61,400
$61.4K
Cap Rate 9%
$47,756
$47.8K
Market Conditions
NOI Build-Up for 350 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
$8.4K $23.88/SF
− Vacancy
−$543 −$1.55/SF
EGI
$7.8K $22.33/SF
− OpEx
−$3.5K −$10.05/SF
NOI
$4.3K $12.28/SF
Area
Orange 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%
$85,960
Cap Rate 7%
$61,400
Cap Rate 9%
$47,756
Alternative Uses
Best Use
Apartment 5plus
$61.4K
$53.7K – $71.6K
NOI $4,298 @ 7.0% cap · market cap 2.87%
Second Best
Hotel Hospitality
$38.5K
$33.7K – $44.9K
NOI $2,693 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$99.6K
$87.2K – $116.2K
NOI $6,972 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 34787, FL
88,636
Population
33,141
Households
2.7
Avg Household Size
36
Median Age
49%
College-Educated
94%
High-School Grad
67.3 sq mi
ZIP Area
1,317
Density / Sq Mi
$114,988
Median Household Income
$53,995
Median Earnings
$1,994
Median Rent
$475,000
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 - Studio condo with water park access near Disney World.
Where is this resort located?
The property is located at 15695 GROVE RESORT Ave 4417 Winter Garden, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Access to Surfing Water Park and Wave Pool; Located within The Terraces at the Grove Resort & Water Park; Minutes from Disney World
