Renovated Motel Near Theme
For Sale
$6,000,000
4651 W IRLO BRONSON MEMORIAL HIGHWAY, Kissimmee, FL 34746
57-room motel on US192, near Orlando attractions, renovated.
Property Size26,269 SF
Price / SF$228.41
Days on Market484
Property Features for 4651 W IRLO BRONSON MEMORIAL HIGHWAY
General Information
Standard status
Active
Size
26,269 SF
Taxes and HOA fees
Annual Taxes
$71,813
Building Details
Year Built
1980
Listing Agency:
INVESTORSALLY, LLC.
Listed By:
RALPH LIU
(786) 315-9889
Source:
Corcoran
Added: Jun 1, 2025
Changed: Mar 16
Last Checked: Sep 26 at 11:37AM
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 INVESTORSALLY, LLC.
Investment Insights
Based on property information with market context.
This 57-room property, including manager's living quarters, is situated on almost 2 acres of land in a desirable area of US192, the core of Orlando's original commercial tourist district. Its location offers convenient access to Orlando International Airport (MCO) and various theme parks, while also being just over an hour's drive to the Atlantic Coast beaches via US192 East to Melbourne. The property has recently undergone renovations and is offered for sale. Prior to the renovations, the property's revenue nearly doubled that of nearby lodging facilities. A swimming pool is centrally located within the courtyard. The property's room count exceeds that of nearby motels, which primarily feature around 40 rooms, presenting an opportunity for revenue enhancement through online marketing strategies. The property's financial history may facilitate loan acquisition for experienced hotel operators. There may be the possibility of constructing an additional 16 guestrooms on the site, pending county approval. The property size is 26269 square feet.
Key Highlights
- Prime location on US192 in the heart of Orlando's tourist district, near Orlando International Airport (MCO) and theme parks.
- Substantial revenue history, almost double that of nearby competitors even before recent renovations.
- 57 rooms, offering a larger capacity than most nearby 40‑room motels, with potential for increased revenue through online marketing.
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
$202,140
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
3.37%
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%
$4,042,800
$4.0M
Cap Rate 7%
$2,887,714
$2.9M
Cap Rate 9%
$2,246,000
$2.2M
Market Conditions
NOI Build-Up for 26,269 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
$472.8K $18.00/SF
− Vacancy
−$47.3K −$1.80/SF
EGI
$425.6K $16.20/SF
− OpEx
−$223.4K −$8.51/SF
NOI
$202.1K $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 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%
$4,042,800
Cap Rate 7%
$2,887,714
Cap Rate 9%
$2,246,000
Alternative Uses
Best Use
Hotel Hospitality
$2.89M
$2.53M – $3.37M
NOI $202,140 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.12M
$7.11M – $9.48M
NOI $568,593 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34746, FL
56,344
Population
25,533
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
87%
High-School Grad
44.0 sq mi
ZIP Area
1,281
Density / Sq Mi
$67,677
Median Household Income
$33,592
Median Earnings
$1,793
Median Rent
$328,500
Median Home Value
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Similar Off Market Nearby
- Shining Light Suites — 4600 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746
- Duo Boutique Hotel — 4559 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746
- Eclipse Social Club — 4561 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746
- Country Hearth Inn Kissimmee — 4559 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34746
- Uno boutique hotel — 4559 US-192, Kissimmee, FL 34746
Frequently Asked Questions
What type of property is this?
Motel - 57-room motel on US192, near Orlando attractions, renovated.
Where is this motel located?
The property is located at 4651 W IRLO BRONSON MEMORIAL HIGHWAY Kissimmee, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Prime location on US192 in the heart of Orlando's tourist district, near Orlando International Airport (MCO) and theme parks.; Substantial revenue history, almost double that of nearby competitors even before recent renovations.; 57 rooms, offering a larger capacity than most nearby 40‑room motels, with potential for increased revenue through online marketing.
