Condo Hotel Near
For Sale
$55,950
3000 MAINGATE Ln 520, Kissimmee, FL 34747
Condo hotel 2 miles from Disney with many amenities.
Property Size304 SF
Days on Market140
Property Features for 3000 MAINGATE Ln 520
General Information
Standard status
Active
Size
304 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$984
Building Details
Building Size
304 SF
Year Built
1998
Stories
5
Listing Agency:
(407) 455-0618
Listed By:
Any Alves · License #3290344
(407) 455-0618
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 6:27AM
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 Any Alves
Investment Insights
Based on property information with market context.
This condo/hotel, located just 2 miles from Disney, offers a range of amenities for guests. A concierge desk is available to assist with dining and entertainment reservations. Complimentary shuttle service is provided to Orlando theme parks. Guests can enjoy daily breakfast and complimentary Wi-Fi. The property features full-time on-site management. Owners have the option to reserve the unit for a 14-day stay for family or friends. The unit includes two queen beds, a flatscreen TV, and a kitchenette equipped with a mini-fridge and microwave. Recent upgrades include a newer roof, windows, and A/C units. This property presents an opportunity for investment or personal use while visiting Orlando.
Key Highlights
- Only 2 miles from Disney theme parks.
- Hassle‑free investment with on‑site property management.
- Complimentary shuttle service to Orlando theme parks.
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
$1,754
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
3.13%
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%
$35,080
$35.1K
Cap Rate 7%
$25,057
$25.1K
Cap Rate 9%
$19,489
$19.5K
Market Conditions
NOI Build-Up for 304 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
$4.2K $13.80/SF
− Vacancy
−$503 −$1.66/SF
EGI
$3.7K $12.14/SF
− OpEx
−$1.9K −$6.38/SF
NOI
$1.8K $5.77/SF
Area
Polk County, FL
Vacancy
12.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
52.50%
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%
$35,080
Cap Rate 7%
$25,057
Cap Rate 9%
$19,489
Alternative Uses
Best Use
Hotel Hospitality
$25.1K
$21.9K – $29.2K
NOI $1,754 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$73.1K
$63.9K – $85.2K
NOI $5,114 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
401
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Condo hotel 2 miles from Disney with many amenities.
Where is this hotel located?
The property is located at 3000 MAINGATE Ln 520 Kissimmee, FL.
What is the asking price?
The asking price for this property is $55,950.
What are key features of this property?
This property features: Only 2 miles from Disney theme parks.; Hassle‑free investment with on‑site property management.; Complimentary shuttle service to Orlando theme parks.
