Furnished Short-Term
New
For Sale
$159,000
8303 PALM PARKWAY #404, Orlando, FL 32836
Remodeled one-bedroom unit with updated systems, furnishings, and appliances for short-term rental use.
Property Size547 SF
Price / SF$290.68
Days on Market6
Property Features for 8303 PALM PARKWAY #404
General Information
Standard status
Active
Size
547 SF
Property subtype
Condo - Hotel
Net Operating Income
$32,000
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Furnished
Yes
Gross Income
$42,000
Building Details
Year Built
2000
Listing Agency:
COX ESTATES REALTY LLC
(219) 405-7269
Listed By:
Raymond Cox · License #3378298
Source:
Dennisrealty
Added: Aug 11
Changed: Aug 16
Last Checked: Aug 16 at 6:58AM
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 one-bedroom short-term rental unit was built in 2000 and has undergone a complete remodel. Improvements include a new roof, HVAC system, laminate flooring, base trim, fresh paint, granite countertops, sink, dishwasher, and microwave. The sale includes furniture, custom artwork, adjustable beds, and two large smart TVs, creating a furnished setup for continued rental operations.
The unit is located at 8303 Palm Parkway #404 in Orlando, approximately 2 miles from Disney, 6 miles from Universal, and 3 miles from Sea World. The property is described as Airbnb-friendly and is currently listed across Airbnb and other platforms. The building's SIRS report is up to date and fully funded.
The unit is located at 8303 Palm Parkway #404 in Orlando, approximately 2 miles from Disney, 6 miles from Universal, and 3 miles from Sea World. The property is described as Airbnb-friendly and is currently listed across Airbnb and other platforms. The building's SIRS report is up to date and fully funded.
Key Highlights
- One‑bedroom short‑term rental unit with a complete remodel
- Furnished sale includes adjustable beds, custom artwork, and two large smart TVs
- Recent improvements include new HVAC, laminate flooring, granite counters, dishwasher, and microwave
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
4.46%
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 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$176.2K
$154.2K – $205.6K
NOI $12,335 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Remodeled one-bedroom unit with updated systems, furnishings, and appliances for short-term rental use.
Where is this short term rental property located?
The property is located at 8303 PALM PARKWAY #404 Orlando, FL.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: One‑bedroom short‑term rental unit with a complete remodel; Furnished sale includes adjustable beds, custom artwork, and two large smart TVs; Recent improvements include new HVAC, laminate flooring, granite counters, dishwasher, and microwave
