Furnished Short-Term Rental
For Sale
$359,900
3151 SUNSET WALK DRIVE #414, Kissimmee, FL 34747
Fourth-floor unit with a wraparound balcony, resort amenities, and access to nearby dining, entertainment, shopping, and waterpark attractions.
Property Size1,163 SF
Price / SF$309.46
Days on Market16
Property Features for 3151 SUNSET WALK DRIVE #414
General Information
Standard status
Active
Size
1,163 SF
Property subtype
Condo - Hotel
Building Details
Year Built
2023
Listing Agency:
PROFESSIONAL REAL ESTATE TEAM
(407) 483-4964
Listed By:
Jany Perez · License #3334254
Source:
Endlesssummerrealty
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 30 at 5:57PM
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 PROFESSIONAL REAL ESTATE TEAM
Investment Insights
Based on property information with market context.
This fully furnished condominium occupies the fourth floor of Embassy Suites by Hilton Orlando Sunset Walk. The 1,163-square-foot unit includes a wraparound balcony, custom cabinetry, decorative wall treatments, contemporary lighting, and finished bathrooms. Built in 2023, the property is positioned for short-term leasing within a hospitality and resort setting.
On-site amenities include a zero-entry pool, hot tub, fitness center, Oasis Beach Club, dining, and Mango Moon Bar & Grill. Island H2O Water Park is adjacent, while Sunset Walk provides walkable access to restaurants, beverages, live entertainment, and shopping. Walt Disney World is also nearby, placing the condominium within Central Florida’s tourism corridor.
On-site amenities include a zero-entry pool, hot tub, fitness center, Oasis Beach Club, dining, and Mango Moon Bar & Grill. Island H2O Water Park is adjacent, while Sunset Walk provides walkable access to restaurants, beverages, live entertainment, and shopping. Walt Disney World is also nearby, placing the condominium within Central Florida’s tourism corridor.
Key Highlights
- Fully furnished 1,163‑square‑foot condominium on the 4th floor
- Wraparound balcony with custom cabinetry, statement wall treatments, modern lighting, and finished bathrooms
- Built in 2023 within Embassy Suites by Hilton Orlando Sunset Walk
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
$11,016
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
3.06%
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%
$220,320
$220.3K
Cap Rate 7%
$157,371
$157.4K
Cap Rate 9%
$122,400
$122.4K
Market Conditions
NOI Build-Up for 1,163 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
$21.4K $18.36/SF
− Vacancy
−$1.3K −$1.14/SF
EGI
$20.0K $17.22/SF
− OpEx
−$9.0K −$7.75/SF
NOI
$11.0K $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%
$220,320
Cap Rate 7%
$157,371
Cap Rate 9%
$122,400
Alternative Uses
Best Use
Apartment 5plus
$157.4K
$137.7K – $183.6K
NOI $11,016 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$279.5K
$244.6K – $326.1K
NOI $19,564 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
25
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 - Fourth-floor unit with a wraparound balcony, resort amenities, and access to nearby dining, entertainment, shopping, and waterpark attractions.
Where is this short term rental property located?
The property is located at 3151 SUNSET WALK DRIVE #414 Kissimmee, FL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Fully furnished 1,163‑square‑foot condominium on the 4th floor; Wraparound balcony with custom cabinetry, statement wall treatments, modern lighting, and finished bathrooms; Built in 2023 within Embassy Suites by Hilton Orlando Sunset Walk
