Furnished First-Floor Short-Term
New
For Sale
$139,900
3100 PARKWAY BOULEVARD #728, Kissimmee, FL 34747
Renovated one-bedroom condo-hotel with resort amenities and furnishings included.
Property Size492 SF
Price / SF$284.35
Days on Market6
Property Features for 3100 PARKWAY BOULEVARD #728
General Information
Standard status
Active
Size
492 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
pool
spa
fitness center
basketball court
grilling area
clubhouse
laundry facilities
0.002 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 05-25-28-4668-0001-7280, Public Survey Range: 28, Public Survey Section: 5, Annual Amount: $2,349.34, Tax Block: 1, Tax Book Number: 5-161, Legal Description: PARKWAY PALMS RESORT MAINGATE A CONDO CB 7 PGS 152-153 OR 2832/2768 BLDG 7 UNIT 728, Lot: 728, Year: 2025, Zoning: OPD
Ceramic Tile
Central Air
Central
Listing ID: MFRO6433848, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-08-15, Special Conditions: None
Elementary School: Island Village Elementary School, Middle School: Kissimmee Middle, High School: Celebration High
1 total bedroom
Built in 1990, Living area: 492, Living area units: Square Feet, Building faces East, 2 stories, Levels: One, Construction Materials: Block, Stucco, Frame
Subdivision: PARKWAY PALMS RESORT MAINGATE CONDO, MLS Area (Major): 34747 - Kissimmee/Celebration, County/Parish: Osceola
1 total bathroom, 1 full bathroom
Fitness Center, Park, Pool, Sidewalks
Cable Available, Electricity Connected, Fiber Optics, Phone Available, Water Connected, Water Source: Public
Slab
Allowed: No
Road Surface: Asphalt
Lighting, Sidewalk
Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters
Cooktop, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Association Fee: $608.38, Fee Frequency: Monthly
Building Details
Year Built
1990
Year Renovated
2024
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Andrea Jastemski · License #3619514
Source:
Miharaandassociates
Added: Aug 15
Changed: Aug 18
Last Checked: Aug 19 at 7:32AM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This first-floor, one-bedroom condo-hotel at Parkway Palms Resort offers 492 square feet of furnished accommodations. Renovations completed in 2024 include tile flooring and an updated bathroom with a walk-in shower, while a new AC system was installed in 2026.
The HOA covers utilities, Wi-Fi, common-area maintenance, and access to resort amenities. On-site features include a pool, spa, fitness center, basketball court, grilling area, clubhouse, and laundry facilities. The property is approximately 2 miles from the Disney area and near dining, shopping, entertainment, and other Central Florida attractions.
The HOA covers utilities, Wi-Fi, common-area maintenance, and access to resort amenities. On-site features include a pool, spa, fitness center, basketball court, grilling area, clubhouse, and laundry facilities. The property is approximately 2 miles from the Disney area and near dining, shopping, entertainment, and other Central Florida attractions.
Key Highlights
- First‑floor condo‑hotel with 1 bedroom and 492 square feet
- Renovated in 2024 with tile flooring and an updated bathroom
- Walk‑in shower and new AC installed in 2026
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
$4,660
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
3.33%
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%
$93,200
$93.2K
Cap Rate 7%
$66,571
$66.6K
Cap Rate 9%
$51,778
$51.8K
Market Conditions
NOI Build-Up for 492 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
$9.0K $18.36/SF
− Vacancy
−$560 −$1.14/SF
EGI
$8.5K $17.22/SF
− OpEx
−$3.8K −$7.75/SF
NOI
$4.7K $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%
$93,200
Cap Rate 7%
$66,571
Cap Rate 9%
$51,778
Alternative Uses
Best Use
Apartment 5plus
$66.6K
$58.3K – $77.7K
NOI $4,660 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$118.2K
$103.5K – $137.9K
NOI $8,276 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
285
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated one-bedroom condo-hotel with resort amenities and furnishings included.
Where is this short term rental property located?
The property is located at 3100 PARKWAY BOULEVARD #728 Kissimmee, FL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: First‑floor condo‑hotel with 1 bedroom and 492 square feet; Renovated in 2024 with tile flooring and an updated bathroom; Walk‑in shower and new AC installed in 2026
