Furnished Condo-Hotel Rental
New
For Sale
$97,995
5245 W IRLO BRONSON MEMORIAL HIGHWAY #203, Kissimmee, FL 34746
Renovated, Airbnb-friendly lodging unit with access to hotel amenities, a pool, private security, and included utilities.
Property Size325 SF
Price / SF$301.52
Days on Market4
Property Features for 5245 W IRLO BRONSON MEMORIAL HIGHWAY #203
General Information
Standard status
Active
Size
325 SF
Property subtype
Condo - Hotel
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Furnished
Yes
HOA Fee
$421.97
Multifamily Units
1
Amenities
pool
private security
Building Details
Year Built
1973
Listing Agency:
EMPIRE NETWORK REALTY
(407) 440-3798
Listed By:
Miguel Lora · License #3383761
(978) 390-6430
Source:
Dennisrealty
Added: Sep 19
Changed: Sep 21
Last Checked: Sep 21 at 2:44PM
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 EMPIRE NETWORK REALTY
Investment Insights
Based on property information with market context.
This 325-square-foot condo-hotel unit is offered fully furnished and features renovated interiors with new flooring. The property supports short-term rentals through Airbnb and other preferred platforms, while owners and guests may use the hotel’s available amenities. Included property services cover cable, electricity, water, internet, exterior maintenance, pool access, and private security.
The unit is located at 5245 W Irlo Bronson Memorial Highway #203 in Kissimmee, along US-Highway 192 and under 4 miles from the main entrance to Walt Disney World. Celebration and several Central Florida attractions are within a short drive, with restaurants, shops, grocery stores, pharmacies, and supermarkets nearby. Built in 1973, the property offers a furnished hospitality-oriented format in a well-established tourist corridor.
The unit is located at 5245 W Irlo Bronson Memorial Highway #203 in Kissimmee, along US-Highway 192 and under 4 miles from the main entrance to Walt Disney World. Celebration and several Central Florida attractions are within a short drive, with restaurants, shops, grocery stores, pharmacies, and supermarkets nearby. Built in 1973, the property offers a furnished hospitality-oriented format in a well-established tourist corridor.
Key Highlights
- Fully furnished 325‑square‑foot condo‑hotel unit
- Renovated interior with new flooring
- Airbnb‑friendly short‑term rental format
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
$3,078
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
3.14%
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%
$61,560
$61.6K
Cap Rate 7%
$43,971
$44.0K
Cap Rate 9%
$34,200
$34.2K
Market Conditions
NOI Build-Up for 325 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
$6.0K $18.36/SF
− Vacancy
−$370 −$1.14/SF
EGI
$5.6K $17.22/SF
− OpEx
−$2.5K −$7.75/SF
NOI
$3.1K $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%
$61,560
Cap Rate 7%
$43,971
Cap Rate 9%
$34,200
Alternative Uses
Best Use
Apartment 5plus
$44.0K
$38.5K – $51.3K
NOI $3,078 @ 7.0% cap · market cap 3.14%
Second Best
Hotel Hospitality
$26.8K
$23.4K – $31.3K
NOI $1,875 @ 7.0% cap · market cap 1.91%
Theoretical Best
Office A
$78.1K
$68.3K – $91.1K
NOI $5,467 @ 7.0% cap · market cap 5.58%
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
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
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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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?
Short term rental property - Renovated, Airbnb-friendly lodging unit with access to hotel amenities, a pool, private security, and included utilities.
Where is this short term rental property located?
The property is located at 5245 W IRLO BRONSON MEMORIAL HIGHWAY #203 Kissimmee, FL.
What is the asking price?
The asking price for this property is $97,995.
What are key features of this property?
This property features: Fully furnished 325‑square‑foot condo‑hotel unit; Renovated interior with new flooring; Airbnb‑friendly short‑term rental format
