Building Details

Building Size 1,265 SF

Year Built 2008

Stories 5

Listed By: Sandee Goldenberg · License #3019363 Show Phone

Source: Elliman

Added: Mar 10 Changed: Oct 8 Last Checked: Oct 14 at 11:51PM

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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 Sandee Goldenberg

Investment Insights

Based on property information with market context.

This fully furnished 2-bedroom, 2-bath split plan corner unit is located in the heart of Celebration. The pet-friendly condominium hotel provides accommodations, amenities, and services for owners and guests. The unit features upgraded kitchen and bathrooms, a living room with a hide-away couch for additional sleeping, and two covered balconies. Housekeeping and room service are available. The Melia offers amenities including a community resort pool with a 360-degree vanishing edge, a poolside restaurant and bar, a gift shop, executive conference rooms, and unlimited Wi-Fi access. Theme park transportation is provided, along with discounts at Celebration Health Gym & Spa and Celebration Golf Course. Additional features include a dog walking park, a beach volleyball court, a mini soccer/football pitch, and a picnic area. The hotel is known for its customer service and maintenance standards. The Melia is located across the road from AdventHealth Celebration Hospital, minutes from theme parks, shopping, and restaurants, and approximately 20 minutes from Orlando International Airport. The property can be managed by The Melia as an investment property during non-use periods.

Key Highlights

• Fully furnished 2 bedroom, 2 bath corner unit in Celebration, ready for immediate use or rental.
• Condominium hotel with option for hassle‑free property management by The Melia for investment purposes.
• Pet‑friendly with a dog walking park on‑site.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,535

Cap Rate

7.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$310,700 $310.7K

Cap Rate 7%

$221,929 $221.9K

Cap Rate 9%

$172,611 $172.6K

Market Conditions

NOI Build-Up for 1,265 SF

Gross rent

$30.2K $23.88/SF

− Vacancy

−$2.0K −$1.55/SF

EGI

$28.2K $22.33/SF

− OpEx

−$12.7K −$10.05/SF

NOI

$15.5K $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 Rate 5%

$310,700

Cap Rate 7%

$221,929

Cap Rate 9%

$172,611

Alternative Uses

Best Use

Apartment 5plus

$221.9K

$194.2K – $258.9K (±1% cap)

NOI $15,535 @ 7.0% cap · market cap 7.40%

Second Best

Hotel Hospitality

$139.1K

$121.7K – $162.2K (±1% cap)

NOI $9,734 @ 7.0% cap · market cap 4.64%

Theoretical Best

Specialty Retail

$391.2K

$342.3K – $456.4K (±1% cap)

NOI $27,381 @ 7.0% cap · market cap 13.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Hotels

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Building Supply Electrical Service Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

959

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this hotels located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Hotel - Fully furnished 2BR/2BA condo hotel unit in Celebration, Florida.

Where is this hotel located?

The property is located at 225 CELEBRATION Pl 117 Celebration, FL.

What is the asking price?

The asking price for this property is $210,000.

What are key features of this property?

This property features: Fully furnished 2 bedroom, 2 bath corner unit in Celebration, ready for immediate use or rental.; Condominium hotel with option for hassle‑free property management by The Melia for investment purposes.; Pet‑friendly with a dog walking park on‑site.