Renovated Condo Near Universal
For Sale
$260,900
6165 CARRIER Dr 3104, Orlando, FL 32819
Fully furnished, renovated condo with short-term rental potential near attractions.
Property Size583 SF
Lot Size0.01 Acres
Days on Market154
Property Features for 6165 CARRIER Dr 3104
General Information
Standard status
Active
Size
583 SF
Lot size
0.01 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,572
Building Details
Building Size
583 SF
Year Built
1986
Stories
6
Listing Agency:
(407) 501-3896
Listed By:
Kelly De Lima Perez · License #3405993
(407) 501-3896
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:47AM
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 Kelly De Lima Perez
Investment Insights
Based on property information with market context.
This fully furnished condominium offers an opportunity for everyday living or short-term rentals, conveniently located near Universal Studios and I-Drive. The unit is situated in the Enclave Resort, accessible via a complimentary shuttle to and from the park. Located on the first floor, unit 3104 features an open floorplan with a great room that includes space for relaxing, dining, and cooking. Double sliders lead to an ample-sized patio and green space. The condominium includes two suites, split on either side of the unit. The master suite is located to the right and has a private full bathroom. The second suite has a full bath that can also be used for guests. The full-service resort has its own restaurant and bar, as well as a food pantry store. There is also an enormous sitting area and banquet hall available for private events. Resort amenities include two resort pools with hot tubs, an additional indoor pool, a fitness center, a playground, an outdoor grilling area, and a walking trail with a lakeside gazebo.
Key Highlights
- First‑floor unit with Airbnb allowance for income generation.
- Fully furnished and recently renovated with no carpets.
- Conveniently located near Universal Studios and I‑Drive with complimentary shuttle service.
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
$7,555
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
2.90%
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%
$151,100
$151.1K
Cap Rate 7%
$107,929
$107.9K
Cap Rate 9%
$83,944
$83.9K
Market Conditions
NOI Build-Up for 583 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
$14.7K $25.20/SF
− Vacancy
−$955 −$1.64/SF
EGI
$13.7K $23.56/SF
− OpEx
−$6.2K −$10.60/SF
NOI
$7.6K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /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%
$151,100
Cap Rate 7%
$107,929
Cap Rate 9%
$83,944
Alternative Uses
Best Use
Apartment 5plus
$107.9K
$94.4K – $125.9K
NOI $7,555 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$187.8K
$164.3K – $219.1K
NOI $13,146 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,783
Businesses Nearby
Explore this area
Business Placement
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
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 - Fully furnished, renovated condo with short-term rental potential near attractions.
Where is this short term rental property located?
The property is located at 6165 CARRIER Dr 3104 Orlando, FL.
What is the asking price?
The asking price for this property is $260,900.
What are key features of this property?
This property features: First‑floor unit with Airbnb allowance for income generation.; Fully furnished and recently renovated with no carpets.; Conveniently located near Universal Studios and I‑Drive with complimentary shuttle service.
