Furnished Short-Term
For Sale
$155,000
8303 PALM PARKWAY #403, Orlando, FL 32836
One-bedroom lodging unit with pool views, turnkey furnishings, and recent interior upgrades.
Property Size547 SF
Price / SF$283.36
Days on Market13
Property Features for 8303 PALM PARKWAY #403
General Information
Standard status
Active
Size
547 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Furnished
Yes
Building Details
Year Built
2000
Listing Agency:
COX ESTATES REALTY LLC
(219) 405-7269
Listed By:
Raymond Cox · License #3378298
(317) 937-2533
Source:
Dennisrealty
Added: Sep 9
Changed: Sep 20
Last Checked: Sep 21 at 6:11AM
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 COX ESTATES REALTY LLC
Investment Insights
Based on property information with market context.
This 547-square-foot, one-bedroom short-term rental is offered fully furnished and has undergone a complete interior remodel. Improvements include granite countertops, a new sink, dishwasher, microwave, laminate flooring, base trim, fresh paint, furniture, adjustable beds, and large smart televisions. The building also has a new roof and exterior paint.
The unit is currently listed on Airbnb and other booking platforms and is described as Airbnb-friendly for self-management. It is positioned 2 miles from Disney, 6 miles from Universal, and 3 miles from Sea World, with pool views from the residence. The SIRS report is up to date and fully funded. Custom artwork and turnkey furnishings remain in place.
The unit is currently listed on Airbnb and other booking platforms and is described as Airbnb-friendly for self-management. It is positioned 2 miles from Disney, 6 miles from Universal, and 3 miles from Sea World, with pool views from the residence. The SIRS report is up to date and fully funded. Custom artwork and turnkey furnishings remain in place.
Key Highlights
- 547‑square‑foot, one‑bedroom short‑term rental
- Fully furnished unit currently listed on Airbnb and other platforms
- Complete remodel with granite counters, new appliances, laminate flooring, and fresh paint
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
4.57%
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 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$176.2K
$154.2K – $205.6K
NOI $12,335 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - One-bedroom lodging unit with pool views, turnkey furnishings, and recent interior upgrades.
Where is this short term rental property located?
The property is located at 8303 PALM PARKWAY #403 Orlando, FL.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 547‑square‑foot, one‑bedroom short‑term rental; Fully furnished unit currently listed on Airbnb and other platforms; Complete remodel with granite counters, new appliances, laminate flooring, and fresh paint
