Furnished Condo-Hotel Near
For Sale
$129,000
8303 PALM PARKWAY 507, Orlando, FL 32836
Condo-hotel with pool view, near Disney Parks and Disney Springs.
Property Size547 SF
Lot Size0.01 Acres
Price / SF$235.83
Days on Market893
Property Features for 8303 PALM PARKWAY 507
General Information
Standard status
Active
Size
547 SF
Lot size
0.01 Acres
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$1,275
Building Details
Year Built
2000
Listing Agency:
ELITE REALTY ENTERPRISES LLC
(407) 683-4515
Listed By:
Ernesto Cisneros · License #577984
(407) 683-4515
Source:
Exitrealty
Added: Mar 11, 2024
Changed: Aug 8
Last Checked: Aug 8 at 2:31PM
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 ELITE REALTY ENTERPRISES LLC
Investment Insights
Based on property information with market context.
This appointed condominium on the 5th floor at Hawthorn Suites by Wyndham Lake Buena Vista offers a pool view and is conveniently located just a few minutes from Walt Disney World Parks and Disney Springs. The property is a fully furnished 1 bed/1 bath condo-hotel featuring an upgraded furniture package, two queen beds in the bedroom, a separate living room with a sleeper sofa, and an equipped kitchen with cookware and utensils. It also includes two televisions, a telephone, and complimentary high-speed internet. Other amenities include an outdoor pool with a jacuzzi, fitness facilities, a business center, and on-site laundry. A 24-hour check-in desk and concierge services are available for rental car reservations, dinner shows, and theme park tickets. The location is a few blocks from Disney Springs, with a wide variety of restaurants, shopping venues, and entertainment. It is also minutes from International Drive, the Convention Center, Premium Outlets, The Mall at Millenia, Sea World, and Universal Studios, with easy access to Orlando International Airport. This 547 square foot property is suitable for short-term rentals, multifamily properties, and residential income properties.
Key Highlights
- Incentives: 3 Months Net Lease at 10% of Purchase Price AND 3 Months of Association Fees paid to Buyer at closing.
- Prime Location: Minutes from Walt Disney World Parks, Disney Springs, International Drive, and other attractions.
- Fully Furnished Condo‑Hotel: Includes upgraded furniture package, equipped kitchen, and all necessary amenities.
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
5.50%
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 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$176.2K
$154.2K – $205.6K
NOI $12,335 @ 7.0% cap · market cap 9.56%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Condo-hotel with pool view, near Disney Parks and Disney Springs.
Where is this short term rental property located?
The property is located at 8303 PALM PARKWAY 507 Orlando, FL.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Incentives: 3 Months Net Lease at 10% of Purchase Price AND 3 Months of Association Fees paid to Buyer at closing.; Prime Location: Minutes from Walt Disney World Parks, Disney Springs, International Drive, and other attractions.; Fully Furnished Condo‑Hotel: Includes upgraded furniture package, equipped kitchen, and all necessary amenities.
