Hotel Suite with Two Queen
New
For Sale
$47,000
3000 MAINGATE LANE #124, Kissimmee, FL 34747
The furnished first-floor accommodation participates in the property's required hotel rental program.
Property Size304 SF
Price / SF$154.61
Days on Market5
Property Features for 3000 MAINGATE LANE #124
General Information
Standard status
Active
Size
304 SF
Property subtype
Condo - Hotel
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x suite
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
daily deluxe breakfast buffet
outdoor pool
complimentary high-speed Wi-Fi
theme park shuttle service
guest laundry services
wet bar
mini fridge
coffee machine
microwave
mounted flat screen TV
safe
ironing board and iron
updated flooring
trendy artwork
furnishings
0.00301 acres, Trees/Landscaped
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 02-25-27-4123-0001-1240, Public Survey Range: 27E, Public Survey Section: 2, Annual Amount: $1,018.91, Tax Block: 1, Tax Book Number: 3356-1665, Legal Description: MERIDIAN PALMS COMMERCIAL CONDO CB 10 PG 190-200 OR 3346/1665 UNIT 124, Lot: 1240, Year: 2025, Zoning: OTSC
Laminate, Tile
Wall/Window Unit(s)
Common Area
Listing ID: MFRO6449576, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-10-14, Special Conditions: None
Open
1 total bedroom
Built in 1998, Living area: 304, Living area units: Square Feet, Building faces Northeast, 1 storey, Levels: One, Construction Materials: Concrete, Stucco
Subdivision: MERIDIAN PALMS COMM CONDO, MLS Area (Major): 34747 - Kissimmee/Celebration, County/Parish: Osceola
1 total bathroom, 1 full bathroom
Pool
Public, Water Source: Public
Allowed: No
Road Surface: Asphalt
Patio/Porch Features: None, Lighting
Wet Bar
Bar Fridge, Microwave, Other equipment: Irrigation Equipment
Association Fee: $450, Fee Frequency: Monthly, Fee Includes: Cable TV, Common Area Taxes, Pool, Electricity, Escrow Reserves Fund, Internet, Maintenance Structure, Maintenance Grounds, Management, Sewer, Trash, Water
Building Details
Year Built
1998
Listing Agency:
ORLANDO REALTY & PROPERTY MGNT
(407) 641-5782
Listed By:
Myka Turley · License #3495127
(407) 403-4652
Source:
Miharaandassociates
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:00PM
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 ORLANDO REALTY & PROPERTY MGNT
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor hotel suite in Kissimmee is furnished with two queen beds, a wet bar, mini fridge, coffee machine, microwave, mounted TV and in-room safe. The bathroom has a double-sink vanity and bathtub. The unit is part of a professionally managed condo-hotel and must remain in the hotel rental program; revenue is distributed evenly among the units.
Building amenities include a daily breakfast buffet, outdoor pool, Wi-Fi, theme park shuttle service and guest laundry. The property is on Maingate Lane, near US-192, and was built in 1998.
Building amenities include a daily breakfast buffet, outdoor pool, Wi-Fi, theme park shuttle service and guest laundry. The property is on Maingate Lane, near US-192, and was built in 1998.
Key Highlights
- Two queen beds in the furnished first‑floor suite
- Wet bar, mini fridge, coffee machine and microwave
- Double‑sink vanity and bathtub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,733
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$74,660
$74.7K
Cap Rate 7%
$53,329
$53.3K
Cap Rate 9%
$41,478
$41.5K
Market Conditions
NOI Build-Up for 304 SF
Gross rent
$7.3K $23.88/SF
− Vacancy
−$472 −$1.55/SF
EGI
$6.8K $22.33/SF
− OpEx
−$3.1K −$10.05/SF
NOI
$3.7K $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%
$74,660
Cap Rate 7%
$53,329
Cap Rate 9%
$41,478
Alternative Uses
Best Use
Apartment 5plus
$53.3K
$46.7K – $62.2K
NOI $3,733 @ 7.0% cap · market cap 7.94%
Second Best
Hotel Hospitality
$33.4K
$29.2K – $39.0K
NOI $2,339 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$94.0K
$82.3K – $109.7K
NOI $6,580 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Hotel - The furnished first-floor accommodation participates in the property's required hotel rental program.
Where is this hotel located?
The property is located at 3000 MAINGATE LANE #124 Kissimmee, FL.
What is the asking price?
The asking price for this property is $47,000.
What are key features of this property?
This property features: Two queen beds in the furnished first‑floor suite; Wet bar, mini fridge, coffee machine and microwave; Double‑sink vanity and bathtub
