Remodeled Furnished Hotel
For Sale
$49,000
3000 MAINGATE LANE #219, Kissimmee, FL 34747
Turnkey suite with resort amenities, onsite management, and required participation in the rental program.
Property Size304 SF
Price / SF$161.18
Days on Market10
Property Features for 3000 MAINGATE LANE #219
General Information
Standard status
Active
Size
304 SF
Property subtype
Condo - Hotel
Additional Details
Furnished
Yes
Highway Access
Yes
Multifamily Units
1
Amenities
heated swimming pool
sun deck
complimentary shuttle service
daily hot breakfast
full-time onsite property management
handicap-accessible features
upgraded Wi-Fi
0.25 acres, City Limits, Near Public Transit, Sidewalk, Paved, Mature Landscaping
In Ground
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 02-25-27-4123-0001-2190, Public Survey Range: 27, Public Survey Section: 2, Annual Amount: $930, Tax Block: 1, Tax Book Number: 3356-1665, Legal Description: MERIDIAN PALMS COMMERCIAL CONDO CB 10 PG 190-200 OR 3346/1665 UNIT 219, Lot: 219, Year: 2026, Zoning: OTSC
Carpet
Wall/Window Unit(s)
Ductless
Common Area, Same Floor As Condo Unit
Listing ID: MFRO6441493, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-09-13, 1 day on market, Special Conditions: None
1 total bedroom
Built in 1998, Living area: 304, Living area units: Square Feet, Building faces Northeast, 5 stories, Levels: Three Or More, Construction Materials: Block, Stucco
Subdivision: MERIDIAN PALMS COMM CONDO, MLS Area (Major): 34747 - Kissimmee/Celebration, County/Parish: Osceola
1 total bathroom, 1 full bathroom
Deed Restrictions, Pool
Cable Connected, Electricity Connected, Public, Water Source: Public
Slab
Allowed: No
Road Surface: Paved
Lighting
Crown Molding
Refrigerator, Other equipment: Irrigation Equipment
Association Fee: $450, Fee Frequency: Monthly
Building Details
Year Built
1998
Listing Agency:
PROPERTIES IN TOWN
(321) 209-5191
Listed By:
Michelle Morrison · License #3452714
Source:
Miharaandassociates
Added: Sep 13
Changed: Sep 21
Last Checked: Sep 21 at 6:50AM
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 PROPERTIES IN TOWN
Investment Insights
Based on property information with market context.
This hotel suite at The Galleria Palms was remodeled and is being offered fully furnished. Interior improvements include new tile flooring, fresh paint, updated lighting, crown molding, artwork, and a wall-mounted 49-inch flat-screen TV. The accommodation includes a king-size bed, granite vanity, dual-sink bathroom with granite countertops, microwave, mini-fridge, coffee maker, wet bar, upgraded Wi-Fi, USB charging ports, and handicap-accessible features.
Community amenities include a heated swimming pool with sun deck, complimentary shuttle service to the theme parks, daily hot breakfast in the lobby, and full-time onsite property management. The property also has recently installed roof, windows, and A/C units. The suite must remain in the onsite rental program, and owner occupancy is limited to 29 consecutive days per stay. The address places it near Orlando theme parks, dining, entertainment, shopping, and major highways.
Community amenities include a heated swimming pool with sun deck, complimentary shuttle service to the theme parks, daily hot breakfast in the lobby, and full-time onsite property management. The property also has recently installed roof, windows, and A/C units. The suite must remain in the onsite rental program, and owner occupancy is limited to 29 consecutive days per stay. The address places it near Orlando theme parks, dining, entertainment, shopping, and major highways.
Key Highlights
- Remodeled hotel suite offered fully furnished
- Must remain in the onsite rental program
- Owner occupancy limited to 29 consecutive days per stay
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
$2,879
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
5.88%
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%
$57,580
$57.6K
Cap Rate 7%
$41,129
$41.1K
Cap Rate 9%
$31,989
$32.0K
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
$5.6K $18.36/SF
− Vacancy
−$346 −$1.14/SF
EGI
$5.2K $17.22/SF
− OpEx
−$2.4K −$7.75/SF
NOI
$2.9K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /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%
$57,580
Cap Rate 7%
$41,129
Cap Rate 9%
$31,989
Alternative Uses
Best Use
Apartment 5plus
$41.1K
$36.0K – $48.0K
NOI $2,879 @ 7.0% cap · market cap 5.88%
Second Best
Hotel Hospitality
$25.1K
$21.9K – $29.2K
NOI $1,754 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$73.1K
$63.9K – $85.2K
NOI $5,114 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Turnkey suite with resort amenities, onsite management, and required participation in the rental program.
Where is this hotel located?
The property is located at 3000 MAINGATE LANE #219 Kissimmee, FL.
What is the asking price?
The asking price for this property is $49,000.
What are key features of this property?
This property features: Remodeled hotel suite offered fully furnished; Must remain in the onsite rental program; Owner occupancy limited to 29 consecutive days per stay
