First-Floor Furnished Studio
For Sale
$64,900
5367 W IRLO BRONSON MEMORIAL HWY #1-103, Kissimmee, FL 34746
First-floor studio offered fully furnished, with parking directly outside and access to community pool, playground, and laundry.
Property Size231 SF
Price / SF$280.95
Days on Market28
Property Features for 5367 W IRLO BRONSON MEMORIAL HWY #1-103
General Information
Standard status
Active
Size
231 SF
Property subtype
Condo - Hotel
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
swimming pool
playground
laundry facilities
0.01 acres, In County, Sidewalk, Paved
Built-Up
Public Sewer
Additional parcels description:, Parcel Number: 03-25-28-3407-0001-1103, Public Survey Range: 27E, Public Survey Section: 3, Annual Amount: $1,138, Tax Block: 1, Tax Book Number: 5426/486, Legal Description: GREENPOINT ESSENTIAL HOTEL CONDO OR 5426/486 BLDG 1 UNIT 1103, Lot: 103, Year: 2025, Zoning: OPD
Vinyl
Wall/Window Unit(s)
Ductless
Common Area
Listing ID: MFRO6428629, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-07-27, Special Conditions: None
Assigned
Built in 1985, Living area: 231, Living area units: Square Feet, Building faces West, 2 stories, Levels: One, Construction Materials: Stucco, Frame
Subdivision: GREENPOINT ESSENTIAL HOTEL CONDO, MLS Area (Major): 34746 - Kissimmee (West of Town), County/Parish: Osceola
1 total bathroom, 1 full bathroom
Deed Restrictions, Playground, Pool, Sidewalks, Wheelchair Access
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Slab
Close Of Escrow
Allowed: Yes
Road Surface: Asphalt
Sidewalk
Open Floorplan, Primary Bedroom Main Floor
Smoke Detector(s)
Microwave, Refrigerator
Association Fee: $285.71, Fee Frequency: Monthly, Fee Includes: Cable TV, Pool, Electricity, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Security, Sewer, Trash, Water, Amenities: Cable TV, Laundry, Lobby Key Required, Maintenance, Pool, Security, Wheelchair Access
Building Details
Year Built
1985
Tenancy
Single
Listing Agency:
HOPKEY REALTY
(407) 454-1217
Listed By:
Uno Sorlie · License #3261983
Source:
Miharaandassociates
Added: Jul 27
Changed: Aug 23
Last Checked: Aug 23 at 6:31AM
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 HOPKEY REALTY
Investment Insights
Based on property information with market context.
This first-floor studio has been thoughtfully renovated and is being offered fully furnished. The bright, modern interior includes luxury vinyl plank flooring, two queen beds, updated furnishings, and a refreshed bathroom with a tiled tub/shower and glass enclosure. The unit also includes a vessel sink vanity, mini refrigerator, microwave, coffee station, and a dedicated workspace with ample storage.
Conveniently located along the US-192 tourist corridor, the studio provides easy access to restaurants, shopping, entertainment, golf courses, and major highways. Walt Disney World is a short drive away, with Disney Springs, Margaritaville Resort, Island H2O Water Park, and Sunset Walk also easily accessible.
With convenient parking directly outside the unit, owners and guests can use on-site community amenities including the swimming pool, playground, and laundry facilities. The property was built in 1985.
Conveniently located along the US-192 tourist corridor, the studio provides easy access to restaurants, shopping, entertainment, golf courses, and major highways. Walt Disney World is a short drive away, with Disney Springs, Margaritaville Resort, Island H2O Water Park, and Sunset Walk also easily accessible.
With convenient parking directly outside the unit, owners and guests can use on-site community amenities including the swimming pool, playground, and laundry facilities. The property was built in 1985.
Key Highlights
- Renovated first‑floor studio offered fully furnished
- Parking directly outside the unit
- Access to community swimming pool, playground, and laundry facilities
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
$2,188
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%
$43,760
$43.8K
Cap Rate 7%
$31,257
$31.3K
Cap Rate 9%
$24,311
$24.3K
Market Conditions
NOI Build-Up for 231 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
$4.2K $18.36/SF
− Vacancy
−$263 −$1.14/SF
EGI
$4.0K $17.22/SF
− OpEx
−$1.8K −$7.75/SF
NOI
$2.2K $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%
$43,760
Cap Rate 7%
$31,257
Cap Rate 9%
$24,311
Alternative Uses
Best Use
Apartment 5plus
$31.3K
$27.4K – $36.5K
NOI $2,188 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$55.5K
$48.6K – $64.8K
NOI $3,886 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
640
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
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 - First-floor studio offered fully furnished, with parking directly outside and access to community pool, playground, and laundry.
Where is this short term rental property located?
The property is located at 5367 W IRLO BRONSON MEMORIAL HWY #1-103 Kissimmee, FL.
What is the asking price?
The asking price for this property is $64,900.
What are key features of this property?
This property features: Renovated first‑floor studio offered fully furnished; Parking directly outside the unit; Access to community swimming pool, playground, and laundry facilities
