Condominium Multifamily
For Sale
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7760 Sandy Ridge Drive, Kissimmee, FL 34747
Newly built condominium portfolio with STR zoning in Kissimmee, Florida.
Property Size54,305 SF
Price / SF$123.38
Days on Market19
Property Features for 7760 Sandy Ridge Drive
General Information
Standard status
Active
Size
54,305 SF
Class
A
Property subtype
Multifamily
Zoning
STR
Additional Details
Multifamily Units
23
Building Details
Year Built
2025
Units
23
Tenancy
Multi
Listing Agency:
Porosoff Group
(305) 209-8866
Listed By:
Arthur Porosoff · License #3160379
Source:
Crexi
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 28 at 10:52PM
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 Porosoff Group
Investment Insights
Based on property information with market context.
This multifamily asset comprises a 23-condominium portfolio with a total property size of 54,305 square feet. Completed in 2025, the property is designated for STR zoning, supporting its stated short-term rental classification.
The portfolio is located at 7760 Sandy Ridge Drive in Kissimmee, Florida, within ZIP code 34747. Its condominium configuration and recent construction provide a clear physical profile for review by multifamily and residential income property buyers.
The portfolio is located at 7760 Sandy Ridge Drive in Kissimmee, Florida, within ZIP code 34747. Its condominium configuration and recent construction provide a clear physical profile for review by multifamily and residential income property buyers.
Key Highlights
- 23‑condominium portfolio
- 54,305‑square‑foot property
- Built in 2025
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
$514,373
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
7.68%
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%
$10,287,460
$10.3M
Cap Rate 7%
$7,348,186
$7.3M
Cap Rate 9%
$5,715,256
$5.7M
Market Conditions
NOI Build-Up for 54,305 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
$997.0K $18.36/SF
− Vacancy
−$61.8K −$1.14/SF
EGI
$935.2K $17.22/SF
− OpEx
−$420.9K −$7.75/SF
NOI
$514.4K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /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%
$10,287,460
Cap Rate 7%
$7,348,186
Cap Rate 9%
$5,715,256
Alternative Uses
Best Use
Apartment 5plus
$7.35M
$6.43M – $8.57M
NOI $514,373 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.05M
$11.42M – $15.22M
NOI $913,497 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
103
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Newly built condominium portfolio with STR zoning in Kissimmee, Florida.
Where is this multifamily property located?
The property is located at 7760 Sandy Ridge Drive Kissimmee, FL.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: 23‑condominium portfolio; 54,305‑square‑foot property; Built in 2025
