Furnished Resort Condo
For Sale
$330,000
7593 GATHERING DRIVE #307, Kissimmee, FL 34747
2-bedroom resort condo with an open floor plan, recent interior upgrades, and fully furnished turnkey condition.
Property Size1,430 SF
Price / SF$230.77
Days on Market68
Property Features for 7593 GATHERING DRIVE #307
General Information
Standard status
Active
Size
1,430 SF
Property subtype
Condo - Hotel
Additional Details
Furnished
Yes
Amenities
3 different eating spots
Building Details
Year Built
2007
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Brian Batiz Salazar · License #3510648
Source:
Dennisrealty
Added: Jul 21
Changed: Sep 24
Last Checked: Sep 24 at 9:13AM
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.
This furnished 2-bedroom Reunion Grande resort condo features an open floor plan with split bedrooms. Recent upgrades include new flooring, a new dryer, a new HVAC system, a renovated kitchen, and a main area TV. The unit is being offered fully furnished.
Set in the heart of Reunion Resort at 7593 Gathering Dr 504 in Kissimmee, Florida, the home is described as being surrounded by resort amenities, including three different eating spots. The remarks also reference panoramic views facing “endless sunsets.”
A membership is available for transfer, according to the property’s public remarks. BikeScore is listed as 52 (bikeable) and walkScore as 27 (car-dependent).
Set in the heart of Reunion Resort at 7593 Gathering Dr 504 in Kissimmee, Florida, the home is described as being surrounded by resort amenities, including three different eating spots. The remarks also reference panoramic views facing “endless sunsets.”
A membership is available for transfer, according to the property’s public remarks. BikeScore is listed as 52 (bikeable) and walkScore as 27 (car-dependent).
Key Highlights
- 2‑bedroom resort condo in Reunion Resort with an open floor plan and split‑bedroom layout
- Year built: 2007
- Recent upgrades include new flooring, a renovated kitchen, new HVAC system, and a new dryer
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
$11,004
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
3.33%
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%
$220,080
$220.1K
Cap Rate 7%
$157,200
$157.2K
Cap Rate 9%
$122,267
$122.3K
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
$25.7K $18.00/SF
− Vacancy
−$2.6K −$1.80/SF
EGI
$23.2K $16.20/SF
− OpEx
−$12.2K −$8.51/SF
NOI
$11.0K $7.69/SF
Area
Osceola County, FL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$220,080
Cap Rate 7%
$157,200
Cap Rate 9%
$122,267
Alternative Uses
Best Use
Hotel Hospitality
$157.2K
$137.6K – $183.4K
NOI $11,004 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$442.2K
$386.9K – $515.9K
NOI $30,952 @ 7.0% cap · market cap 9.38%
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
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Frequently Asked Questions
What type of property is this?
Resort - 2-bedroom resort condo with an open floor plan, recent interior upgrades, and fully furnished turnkey condition.
Where is this resort located?
The property is located at 7593 GATHERING DRIVE #307 Kissimmee, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2‑bedroom resort condo in Reunion Resort with an open floor plan and split‑bedroom layout; Year built: 2007; Recent upgrades include new flooring, a renovated kitchen, new HVAC system, and a new dryer
