Updated Condo Near Theme
For Sale
$219,000
6165 CARRIER Dr 2602, Orlando, FL 32819
Stylish 2/2 condo near Universal, Disney, and International Drive.
Property Size578 SF
Lot Size0.01 Acres
Days on Market162
Property Features for 6165 CARRIER Dr 2602
General Information
Standard status
Active
Size
578 SF
Lot size
0.01 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,310
Building Details
Building Size
578 SF
Year Built
1986
Stories
8
Listing Agency:
(407) 399-1747
Listed By:
Kristy McKay
(407) 399-1747
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:23PM
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 Kristy McKay
Investment Insights
Based on property information with market context.
This updated condo is located minutes from Universal Studios' Epic Universe. The property features a unique 2/2 floor plan and is offered fully furnished, including cable and internet. A sofa bed allows the unit to accommodate up to seven guests. The condo is situated on the 6th floor of an 8-story tower, providing views of the pond and surrounding lights. The Enclave community offers amenities such as two outdoor pools, one indoor pool, lighted tennis courts, a fitness room, a game room, a playground, and a breakfast/lunch cafe. The location provides easy access to Disney and Universal Studios, as well as the dining, shopping, and entertainment options on International Drive. This property is suitable for short-term rentals and can be managed by the owner as an Airbnb or through the on-site community manager. Alternatively, the unit can be used as a primary residence.
Key Highlights
- Minutes from Universal's EPIC UNIVERSE.
- Airbnb management flexibility: self‑manage or use on‑site manager.
- Fully furnished, updated 2/2 condo with cable and internet included.
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
$7,490
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
3.42%
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%
$149,800
$149.8K
Cap Rate 7%
$107,000
$107.0K
Cap Rate 9%
$83,222
$83.2K
Market Conditions
NOI Build-Up for 578 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
$14.6K $25.20/SF
− Vacancy
−$947 −$1.64/SF
EGI
$13.6K $23.56/SF
− OpEx
−$6.1K −$10.60/SF
NOI
$7.5K $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%
$149,800
Cap Rate 7%
$107,000
Cap Rate 9%
$83,222
Alternative Uses
Best Use
Apartment 5plus
$107.0K
$93.6K – $124.8K
NOI $7,490 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$186.2K
$162.9K – $217.2K
NOI $13,034 @ 7.0% cap · market cap 5.95%
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 - Stylish 2/2 condo near Universal, Disney, and International Drive.
Where is this short term rental property located?
The property is located at 6165 CARRIER Dr 2602 Orlando, FL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Minutes from Universal's EPIC UNIVERSE.; Airbnb management flexibility: self‑manage or use on‑site manager.; Fully furnished, updated 2/2 condo with cable and internet included.
