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    Move-In Ready Condo Near Lakes Title is generated by Realmo AI

    4880 S CONWAY ROAD 85, Orlando, FL 32812

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    For Sale
    $165,000

    Well-maintained two-bedroom condo near recreational activities and amenities.

    Type:Condo/Townhome
    Property size:
    870 SF
    Price / SF:
    $189/SF
    Added:
    Mar 24, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 5 at 11:48 pm

    Property Features for 4880 S CONWAY ROAD 85

    General Information

    Standard status
    Active
    Size
    870 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Luis Mercado

    Listing agent Luis Mercado License #3188727

    Listing office VENTURE HOME REALTY

    Listing date Mar 24, 2026

    Source Exitrealty

    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 VENTURE HOME REALTY

    HighLights

    • Move‑in ready, well‑maintained 2‑bedroom, 2‑bath condo.
    • Convenient location near major highways, downtown Orlando, and the Orlando International Airport.
    • Enjoy community amenities: oversized pool, well‑equipped gym, and BBQ/picnic areas.
    • Located near the Belle Isle chain of lakes offering recreational activities.
    • Updated kitchen with wood cabinets, stainless steel appliances, and granite countertops.
    • First‑floor corner unit with easy access and located in the back of the community.

    Overview

    This well-maintained, two-bedroom, two-bath condo is move-in ready. Located at Sienna Place, it is near the Belle Isle chain of lakes, offering recreational activities such as jet skiing, boating, and biking. The unit is conveniently located near major highways and toll roads, providing easy access to downtown Orlando and the Orlando International Airport. It is also close to Shenendoah Elementary, Conway Middle, public transportation, grocery shopping, and commercial venues, and is zoned for a high school in Orange County. This first-floor corner unit is located in the back of the community. The condo features a kitchen with wood cabinets, stainless steel appliances, and granite countertops. The guest bathroom has been updated. Both bedrooms are generously sized, with the primary bedroom featuring a walk-in closet and an in-suite bathroom. A laundry area is located within the primary bedroom's closet. Community amenities include an oversized swimming pool, a gym with free weights and machines, and BBQ grill and picnic areas amidst kept grounds. The property size is 870 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $21.9k $25.20
    − Vacancy −$1.4k −$1.64
    EGI $20.5k $23.56
    − OpEx −$9.2k −$10.60
    NOI $11.3k $12.96
    870 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $161.1K
    $140.9K – $187.9K (±1% cap)
    NOI $11,274 @ 7.0% cap · market cap 6.83%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $280.3K
    $245.2K – $327.0K (±1% cap)
    NOI $19,618 @ 7.0% cap · market cap 11.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.3326047
    Latitude
    28.4834759

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    FAQs

    What type of property is this?
    Residential income property - Well-maintained two-bedroom condo near recreational activities and amenities.
    Where is this residential income property located?
    The property is located at 4880 S CONWAY ROAD 85 Orlando, FL.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Move‑in ready, well‑maintained 2‑bedroom, 2‑bath condo.; Convenient location near major highways, downtown Orlando, and the Orlando International Airport.; Enjoy community amenities: oversized pool, well‑equipped gym, and BBQ/picnic areas.
    (407) 587-0076
    We can help!
    Listing Contact
    Luis Mercado
    Real Estate License ID: 3188727
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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