Furnished Resort
New
For Sale
$320,000
7593 GATHERING DRIVE #407, Kissimmee, FL 34747
Lock-and-leave condominium with a private balcony and optional Club Membership.
Property Size1,430 SF
Price / SF$223.78
Days on Market6
Property Features for 7593 GATHERING DRIVE #407
General Information
Standard status
Active
Size
1,430 SF
Property subtype
Condo - Hotel
Building Details
Year Built
2007
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Mark Sayad · License #619776
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 19
Changed: Sep 24
Last Checked: Sep 24 at 8:54AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
Unit 407 is a fully furnished condominium at Reunion Grande, designed for a lock-and-leave ownership experience. The residence includes a private balcony and is identified as part of a 2007-built property. Club Membership is available for consideration.
The condominium is located at 7593 Gathering Drive in Kissimmee, with 7593 Chophouse, Eleven rooftop lounge, and the Sushi Bar in the lobby. The furnished unit is available for showings.
The condominium is located at 7593 Gathering Drive in Kissimmee, with 7593 Chophouse, Eleven rooftop lounge, and the Sushi Bar in the lobby. The furnished unit is available for showings.
Key Highlights
- Fully furnished Unit 407 at Reunion Grande
- Lock‑and‑leave condominium format
- Private balcony
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
$17,561
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
5.49%
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%
$351,220
$351.2K
Cap Rate 7%
$250,871
$250.9K
Cap Rate 9%
$195,122
$195.1K
Market Conditions
NOI Build-Up for 1,430 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
$34.1K $23.88/SF
− Vacancy
−$2.2K −$1.55/SF
EGI
$31.9K $22.33/SF
− OpEx
−$14.4K −$10.05/SF
NOI
$17.6K $12.28/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$23.88 /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%
$351,220
Cap Rate 7%
$250,871
Cap Rate 9%
$195,122
Alternative Uses
Best Use
Apartment 5plus
$250.9K
$219.5K – $292.7K
NOI $17,561 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$442.2K
$386.9K – $515.9K
NOI $30,952 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 34747, FL
26,560
Population
22,016
Households
1.2
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
43.4 sq mi
ZIP Area
612
Density / Sq Mi
$83,141
Median Household Income
$41,932
Median Earnings
$1,812
Median Rent
$455,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Lock-and-leave condominium with a private balcony and optional Club Membership.
Where is this residential income property located?
The property is located at 7593 GATHERING DRIVE #407 Kissimmee, FL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Fully furnished Unit 407 at Reunion Grande; Lock‑and‑leave condominium format; Private balcony
