Furnished Condo-Hotel Near Theme
For Sale
$142,000
Pending
7601 CANADA 221, Orlando, FL 32819
Turn-key, furnished condo-hotel near Orlando's attractions with high rental potential.
Property Size542 SF
Days on Market119
Property Features for 7601 CANADA 221
General Information
Standard status
Pending
Size
542 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$1,620
Building Details
Building Size
542 SF
Year Built
1999
Stories
6
Listing Agency:
M2M REALTY
(407) 401-2275
Listed By:
Mariana Micheti · License #3417166
(407) 401-2275
Source:
Elliman
Added: Apr 24
Changed: Aug 15
Last Checked: Aug 20 at 8:09AM
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 M2M REALTY
Investment Insights
Based on property information with market context.
This fully furnished 1-bedroom, 1-bathroom condo-hotel unit is located just 8 minutes from EPIC Universe and 10 minutes from the Orange County Convention Center. The unit features a private bedroom, a living room with a sleeper sofa, a dining area, and a fully equipped kitchen that includes a refrigerator, microwave, stovetop, dishwasher, cookware, and utensils. Two TVs and high-speed internet are also included. The resort provides an outdoor pool and jacuzzi, a 24-hour fitness center, an arcade, a basketball court, and free parking. The location is minutes from Walt Disney World, Disney Springs, Universal Studios, International Drive, SeaWorld, top shopping centers, and Orlando International Airport. Short-term rentals are allowed, and the unit has the potential to double its income with a remodel. The property is located in an area that is somewhat walkable (walk score 55) and bikeable (bike score 50) with some transit options available (transit score 44).
Key Highlights
- Prime location: Just 8 minutes from EPIC Universe and 10 minutes from the Orange County Convention Center.
- Fully furnished condo‑hotel unit with equipped kitchen: Ready for immediate rental income.
- Resort‑style amenities: Enjoy the outdoor pool, jacuzzi, 24‑hour fitness center, arcade, and basketball court.
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
$7,024
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
4.95%
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%
$140,480
$140.5K
Cap Rate 7%
$100,343
$100.3K
Cap Rate 9%
$78,044
$78.0K
Market Conditions
NOI Build-Up for 542 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
$13.7K $25.20/SF
− Vacancy
−$888 −$1.64/SF
EGI
$12.8K $23.56/SF
− OpEx
−$5.7K −$10.60/SF
NOI
$7.0K $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%
$140,480
Cap Rate 7%
$100,343
Cap Rate 9%
$78,044
Alternative Uses
Best Use
Apartment 5plus
$100.3K
$87.8K – $117.1K
NOI $7,024 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$174.6K
$152.8K – $203.7K
NOI $12,222 @ 7.0% cap · market cap 8.61%
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 - Turn-key, furnished condo-hotel near Orlando's attractions with high rental potential.
Where is this short term rental property located?
The property is located at 7601 CANADA 221 Orlando, FL.
What is the asking price?
The asking price for this property is $142,000.
What are key features of this property?
This property features: Prime location: Just 8 minutes from EPIC Universe and 10 minutes from the Orange County Convention Center.; Fully furnished condo‑hotel unit with equipped kitchen: Ready for immediate rental income.; Resort‑style amenities: Enjoy the outdoor pool, jacuzzi, 24‑hour fitness center, arcade, and basketball court.
