Remodeled Condo-Hotel Unit For
For Sale
$49,500
3000 MAINGATE Ln 122, Kissimmee, FL 34747
Turn-key, remodeled condo-hotel unit near parks, dining, and entertainment.
Property Size342 SF
Days on Market188
Property Features for 3000 MAINGATE Ln 122
General Information
Standard status
Active
Size
342 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,223
Building Details
Building Size
342 SF
Year Built
1998
Stories
5
Listing Agency:
NABE REALTY
Listed By:
Janine Venturella · License #3301586
(724) 252-5561
Source:
Elliman
Added: Apr 26
Changed: Oct 26
Last Checked: Oct 28 at 9:12AM
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 NABE REALTY
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Investment Insights
Based on property information with market context.
This remodeled first-floor condo-hotel unit is located in the Galleria Palms, offering proximity to parks, dining, and entertainment, with convenient access to major highways. The suite has undergone over $17,000 in renovations and features two queen-size beds, crown molding, new tile flooring, new paint, lighting, artwork, furnishings, and a wall-mounted 49-inch flat-screen TV. It also includes a granite vanity with a microwave, mini-fridge, coffee maker, wet bar, upgraded Wi-Fi, an iron/ironing board, and USB ports in the lighting fixtures. The bathroom features dual sinks with granite counters. Complimentary shuttle service to parks and a hot breakfast are served daily in the lobby. Newer roof, windows, and A/C units have been recently installed. The property includes a heated pool and sun deck. A full-time property management company is in place. Owners cannot occupy the unit for longer than 29 days at any one stay, and the unit cannot be removed from the onsite rental program. The location has a bike score of 27, indicating it is somewhat bikeable, and a walk score of 6, indicating car dependence.
Key Highlights
- Remodeled condo‑hotel unit with over $17,000 in recent renovations.
- Turn‑key investment opportunity** with on‑site rental program and full‑time property management.
- Complimentary shuttle service to parks and daily hot breakfast.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,632
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,640
$52.6K
Cap Rate 7%
$37,600
$37.6K
Cap Rate 9%
$29,244
$29.2K
Market Conditions
NOI Build-Up for 342 SF
Gross rent
$6.2K $18.00/SF
− Vacancy
−$616 −$1.80/SF
EGI
$5.5K $16.20/SF
− OpEx
−$2.9K −$8.51/SF
NOI
$2.6K $7.69/SF
Area
Osceola County, FL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,640
Cap Rate 7%
$37,600
Cap Rate 9%
$29,244
Alternative Uses
Best Use
Hotel Hospitality
$37.6K
$32.9K – $43.9K
NOI $2,632 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$105.8K
$92.5K – $123.4K
NOI $7,403 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Hotel - Turn-key, remodeled condo-hotel unit near parks, dining, and entertainment.
Where is this hotel located?
The property is located at 3000 MAINGATE Ln 122 Kissimmee, FL.
What is the asking price?
The asking price for this property is $49,500.
What are key features of this property?
This property features: Remodeled condo‑hotel unit with **over $17,000 in recent renovations.**; Turn‑key investment opportunity** with on‑site rental program and full‑time property management.; Complimentary shuttle service to parks and daily hot breakfast.
