Orlando Condo Near Theme
For Sale
$145,000
8303 PALM Pkwy 208, Orlando, FL 32836
Furnished 1-bedroom condo, excellent short-term rental opportunity near Disney.
Property Size547 SF
Days on Market110
Property Features for 8303 PALM Pkwy 208
General Information
Standard status
Active
Size
547 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,503
Building Details
Building Size
547 SF
Year Built
2000
Stories
5
Listing Agency:
M2M REALTY
(407) 401-2275
Listed By:
Mariana Micheti · License #3417166
(407) 401-2275
Source:
Elliman
Added: May 14
Changed: Aug 25
Last Checked: Aug 30 at 6:51PM
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 is a fully furnished 1-bedroom condo suite situated in Orlando's vacation corridor, presenting an investment opportunity for short-term rentals. The property is located approximately 1.5 miles from Disney Springs, 3 miles from SeaWorld and the Orange County Convention Center, 5 miles from Universal Studios, and 6 miles from Epic Universe. Resort-style amenities include a pool, gym, and a lobby ticket counter for park attractions. A free shuttle service is available to theme parks and outlet malls. The Homeowner Association dues cover water, sewer, electricity, internet, and cable. The location has a bike score of 57, indicating it is bikeable, and a walk score of 37, suggesting car dependence. The property is near dining, shopping, and entertainment venues.
Key Highlights
- Prime location: Just 1.5 miles from Disney Springs, and a short distance to SeaWorld, Universal Studios, Epic Universe, and the Orange County Convention Center.
- Excellent short‑term rental/investment opportunity in Orlando's vacation corridor.
- Fully furnished, ready for immediate rental or personal use.
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
4.89%
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 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$176.2K
$154.2K – $205.6K
NOI $12,335 @ 7.0% cap · market cap 8.51%
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 1-bedroom condo, excellent short-term rental opportunity near Disney.
Where is this short term rental property located?
The property is located at 8303 PALM Pkwy 208 Orlando, FL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Prime location: Just 1.5 miles from Disney Springs, and a short distance to SeaWorld, Universal Studios, Epic Universe, and the Orange County Convention Center.; Excellent short‑term rental/investment opportunity in Orlando's vacation corridor.; Fully furnished, ready for immediate rental or personal use.
