Waterfront Hotel and
For Sale
$2,850,000
6264 ALLIGATOR LAKE Shore E, Saint Cloud, FL 34771
Commercial Sale, ST CLOUD, FL
Property Size6,430 SF
Lot Size1.13 Acres
Price / SF$443.23
Days on Market207
Property Features for 6264 ALLIGATOR LAKE Shore E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OCT
Subdivision
LAKE HAVEN
Lot features
Landscaped, Paved
View
Lake
Directions
From St. Cloud head E on 192 (E Irlo Bronson Memorial Highway) turn R onto Lakeside Inn Dr, turn L onto Alligator Lake Shore East to property.
Standard status
Active
APN
14-26-31-3770-0001-0210
Size
6,430 SF
Lot size
1.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKE HAVEN SUB PB 1 PG 323 LOT 21 & BEG 565.3 FT W OF NE COR OF NW 1/4, SAID PT ON W/L HWY 441, S 39 DEG E 97.56 FT W TO ALLIGATOR LAKE, NWLY ALONG LAKE TO PT DUE W OF POB, E ALONG SEC LINE TO POB AKA ALLIGATOR LAKE MOTEL
Tax Annual Amount
10930
Legal Description
LAKE HAVEN SUB PB 1 PG 323 LOT 21 & BEG 565.3 FT W OF NE COR OF NW 1/4, SAID PT ON W/L HWY 441, S 39 DEG E 97.56 FT W TO ALLIGATOR LAKE, NWLY ALONG LAKE TO PT DUE W OF POB, E ALONG SEC LINE TO POB AKA ALLIGATOR LAKE MOTEL
Utilities
Sewer type
Septic Tank
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Well
Water front features
Lake Front, Lake
Water front
1
Amenities
covered lounge/pavilion
boat dock/ramp
Building Details
Year built
1957
Floors in Building
1
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
COLDWELL BANKER SOLOMON · Coldwell Banker Real Estate
(407) 348-3322
Listed By:
Michael Solomon · License #562341
(407) 873-1372
Added: Jan 27
Changed: Aug 19
Last Checked: Aug 22 at 6:06PM
MLS# S5142584
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This hotel and café property comprises four buildings totaling 6,430 square feet on 1.13 acres. The improvements include a lobby, kitchen and café space, 10 guest bedrooms with baths, and a covered lounge or pavilion. Guest accommodations are divided between five two-bedroom units and five one-bedroom units. Block and stucco construction, shingle roofing, window or wall/window cooling units, well water, and a septic tank are also present. The property was built in 1957 and is zoned OCT.
Approximately 176' of frontage along Alligator Lake provides a waterfront setting with a boat dock and ramp area. Alligator Lake connects to the Alligator Chain of Lakes through canals and is associated with freshwater fishing, boating, alligator spotting, and bird watching. The property is approximately 7 minutes from Harmony and 45 minutes from Disney or Melbourne and its beaches.
Approximately 176' of frontage along Alligator Lake provides a waterfront setting with a boat dock and ramp area. Alligator Lake connects to the Alligator Chain of Lakes through canals and is associated with freshwater fishing, boating, alligator spotting, and bird watching. The property is approximately 7 minutes from Harmony and 45 minutes from Disney or Melbourne and its beaches.
Key Highlights
- 6,430‑square‑foot hotel and café property on 1.13 acres
- Approximately 176' of frontage on Alligator Lake
- 10 guest bedrooms with baths across five two‑bedroom and five one‑bedroom units
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
$139,177
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
4.88%
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%
$2,783,540
$2.8M
Cap Rate 7%
$1,988,243
$2.0M
Cap Rate 9%
$1,546,411
$1.5M
Market Conditions
NOI Build-Up for 6,430 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
$192.9K $30.00/SF
− Vacancy
−$7.3K −$1.14/SF
EGI
$185.6K $28.86/SF
− OpEx
−$46.4K −$7.22/SF
NOI
$139.2K $21.65/SF
Area
Osceola County, FL
Vacancy
3.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,783,540
Cap Rate 7%
$1,988,243
Cap Rate 9%
$1,546,411
Alternative Uses
Best Use
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,177 @ 7.0% cap · market cap 4.88%
Second Best
Hotel Hospitality
$706.8K
$618.5K – $824.7K
NOI $49,479 @ 7.0% cap · market cap 1.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 34771, FL
26,503
Population
10,978
Households
2.4
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
154.5 sq mi
ZIP Area
172
Density / Sq Mi
$101,434
Median Household Income
$48,760
Median Earnings
$1,695
Median Rent
$427,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Four-building hospitality property with guest accommodations, café facilities, lake access, and a covered waterfront pavilion.
Where is this hotel located?
The property is located at 6264 ALLIGATOR LAKE Shore E Saint Cloud, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 6,430‑square‑foot hotel and café property on 1.13 acres; Approximately 176' of frontage on Alligator Lake; 10 guest bedrooms with baths across five two‑bedroom and five one‑bedroom units
