Condo Near Disney World
For Sale
$115,000
8303 PALM PARKWAY 113, Orlando, FL 32836
Furnished condo-hotel near Disney, ideal for investors or vacationers.
Property Size547 SF
Lot Size0.01 Acres
Price / SF$210.24
Days on Market782
Property Features for 8303 PALM PARKWAY 113
General Information
Standard status
Active
Size
547 SF
Lot size
0.01 Acres
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$1,274
Building Details
Year Built
2000
Listing Agency:
ZIRO REALTY
(407) 758-6981
Listed By:
David Myers · License #3260910
(407) 758-6981
Source:
Exitrealty
Added: Jun 20, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
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 ZIRO REALTY
Investment Insights
Based on property information with market context.
This fully furnished 1-bedroom, 1-bathroom condominium is located at Hawthorn Suites Lake Buena Vista, offering a pool view and convenient access to Walt Disney World Parks and Disney Springs. Suited for vacationers and investors, this first-floor unit features a king bed in the bedroom and a separate living room with a sleeper sofa, along with a dining area. The kitchen includes a refrigerator, microwave, dishwasher, and stove-top, as well as cookware and utensils. The suite is equipped with two televisions, a telephone, and complimentary high-speed internet. Residents can enjoy amenities such as an outdoor pool, jacuzzi, and basketball court, plus a tiki-style gazebo. A 24-hour fitness room and arcade are available, along with complimentary parking. Additional benefits include a complimentary daily hot breakfast, a business center, a 24-hour check-in desk, and concierge services for rental car reservations, dinner shows, and theme park tickets. Complimentary scheduled transportation to Walt Disney World theme parks is provided. The property is located near convenience stores, souvenir shops, and restaurants, with International Drive, the Orange Convention Center, SeaWorld, Universal Studios, and premium shopping at the Mall at Millenia and Florida Mall within a short drive. Orlando International Airport is less than 30 minutes away. The property size is 547 square feet. Short-term rentals are allowed, making it suitable for an investment portfolio.
Key Highlights
- Prime Location: Minutes from Walt Disney World Parks and Disney Springs
- Income Opportunity: Turn‑key, fully furnished condo‑hotel with short‑term rental allowance
- Resort Amenities: Includes outdoor pool, jacuzzi, 24‑hour fitness room, complimentary breakfast, and scheduled transportation to Disney Parks
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
$7,089
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
6.16%
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%
$141,780
$141.8K
Cap Rate 7%
$101,271
$101.3K
Cap Rate 9%
$78,767
$78.8K
Market Conditions
NOI Build-Up for 547 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
$13.8K $25.20/SF
− Vacancy
−$896 −$1.64/SF
EGI
$12.9K $23.56/SF
− OpEx
−$5.8K −$10.60/SF
NOI
$7.1K $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%
$141,780
Cap Rate 7%
$101,271
Cap Rate 9%
$78,767
Alternative Uses
Best Use
Apartment 5plus
$101.3K
$88.6K – $118.2K
NOI $7,089 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$176.2K
$154.2K – $205.6K
NOI $12,335 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Explore this area
Business Placement
Demographics for 32836, FL
23,205
Population
10,571
Households
2.2
Avg Household Size
39
Median Age
59%
College-Educated
97%
High-School Grad
11.9 sq mi
ZIP Area
1,950
Density / Sq Mi
$111,921
Median Household Income
$55,057
Median Earnings
$1,978
Median Rent
$637,300
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 - Furnished condo-hotel near Disney, ideal for investors or vacationers.
Where is this short term rental property located?
The property is located at 8303 PALM PARKWAY 113 Orlando, FL.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Prime Location: Minutes from Walt Disney World Parks and Disney Springs; Income Opportunity: Turn‑key, fully furnished condo‑hotel with short‑term rental allowance; Resort Amenities: Includes outdoor pool, jacuzzi, 24‑hour fitness room, complimentary breakfast, and scheduled transportation to Disney Parks
