Building Details

Building Size 542 SF

Year Built 1999

Listing Agency: M2M REALTY

Listed By: Mariana Micheti · License #3417166 Show Phone

Source: Novaorlando

Added: Sep 15 Changed: Sep 18 Last Checked: Sep 20 at 10:39AM

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Investment Insights

Based on property information with market context.

This furnished one-bedroom, one-bathroom condo-hotel unit at SKY SUITES includes a private bedroom, separate living room with sleeper sofa, dining area, and fully equipped kitchen. Kitchen appliances and supplies include a refrigerator, microwave, stovetop, dishwasher, cookware, and utensils. The unit also has two TVs and high-speed internet. Built in 1999, the property offers short-term rental use along with an outdoor swimming pool, jacuzzi, 24-hour fitness center, arcade, basketball court, and complimentary parking.

The unit is located at 7601 Canada Ave #611 in Orlando, approximately 8 minutes from Universal's EPIC Universe and about 10 minutes from the Orange County Convention Center. International Drive, SeaWorld, Walt Disney World, Disney Springs, shopping, restaurants, and Orlando International Airport are also described as nearby. Its furnishings, guest-oriented layout, and permitted short-term rental use support both vacation and business-travel applications.

Key Highlights

• Furnished one‑bedroom, one‑bathroom condo‑hotel unit at SKY SUITES
• Short‑term rentals are allowed
• Full kitchen with refrigerator, microwave, stovetop, and dishwasher

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 (±1% cap)

NOI $7,024 @ 7.0% cap · market cap 4.95%

Second Best

Hotel Hospitality

$36.4K

$31.9K – $42.5K (±1% cap)

NOI $2,549 @ 7.0% cap · market cap 1.80%

Theoretical Best

Office A

$174.6K

$152.8K – $203.7K (±1% cap)

NOI $12,222 @ 7.0% cap · market cap 8.61%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

staySky Suites – I ... Hotel & Motel Perfect location walk ... Hotel & Motel Lovery one bedroom Hotel & Motel Near Disney - 1BR ... Hotel & Motel Hotel en Orlando ... Hotel & Motel

Suggested Use

Top Pick Garden Center Veterinary Clinic Catering Service (Bike/Boat/Book/etc) Store Auto Parts Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

1,465

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this short term rental properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Short term rental property - One-bedroom condo-hotel unit with short-term rental permission, a full kitchen, and access to resort-style amenities.

Where is this short term rental property located?

The property is located at 7601 CANADA AVE #611 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: Furnished one‑bedroom, one‑bathroom condo‑hotel unit at SKY SUITES; Short‑term rentals are allowed; Full kitchen with refrigerator, microwave, stovetop, and dishwasher