Mediterranean Condo Near Disney
For Sale
$229,900
Pending
8345 BELLA TIERRA COURT 8345, Davenport, FL 33896
Elegant condo with resort-style amenities, near Orlando attractions.
Property Size1,893 SF
Lot Size0.05 Acres
Days on Market618
Property Features for 8345 BELLA TIERRA COURT 8345
General Information
Standard status
Pending
Size
1,893 SF
Lot size
0.05 Acres
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$2,646
Building Details
Year Built
2015
Listing Agency:
RE/MAX INNOVATION
(407) 497-3112
Listed By:
Bill Mauer · License #3285408
(407) 497-3112
Source:
Exitrealty
Added: Dec 3, 2024
Changed: Aug 8
Last Checked: Aug 12 at 4:35AM
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 RE/MAX INNOVATION
Investment Insights
Based on property information with market context.
This Mediterranean-inspired condominium, located in Davenport, offers proximity to Disney World and other Orlando attractions. The property features an open floor plan with vaulted ceilings, creating a spacious and bright atmosphere. The kitchen is equipped with 42-inch solid wood cabinets, stainless steel appliances, granite countertops, and an integrated sink. A breakfast bar and portable kitchen island provide additional storage. The split bedroom layout includes a primary bedroom with lake views, a second bedroom with bathroom access suitable as a guest suite, and a third bedroom with double doors that can serve as a sleeping space or a home office. Exterior features include Mediterranean architectural details, a brick paver driveway, and a courtyard entrance. A private lanai provides space for enjoying sunsets. The gated community includes a 12,500 sq. ft. facility with a community center, meeting rooms, a heated pool and spa, a billiards room, a bocce ball court, a putting green, and a fitness center.
Key Highlights
- Resort‑style gated community (Bella Trae) with extensive amenities including a 12,500 sq. ft. community center, heated pool/spa, fitness center, and more.
- Minutes from Disney World and other Orlando attractions.
- Mediterranean‑inspired design with a private lanai and lake views from the primary bedroom.
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
$17,930
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
7.80%
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%
$358,600
$358.6K
Cap Rate 7%
$256,143
$256.1K
Cap Rate 9%
$199,222
$199.2K
Market Conditions
NOI Build-Up for 1,893 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
$34.8K $18.36/SF
− Vacancy
−$2.2K −$1.14/SF
EGI
$32.6K $17.22/SF
− OpEx
−$14.7K −$7.75/SF
NOI
$17.9K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /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%
$358,600
Cap Rate 7%
$256,143
Cap Rate 9%
$199,222
Alternative Uses
Best Use
Apartment 5plus
$256.1K
$224.1K – $298.8K
NOI $17,930 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 33896, FL
19,444
Population
11,929
Households
1.6
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
963
Density / Sq Mi
$74,485
Median Household Income
$39,558
Median Earnings
$1,969
Median Rent
$307,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Elegant condo with resort-style amenities, near Orlando attractions.
Where is this residential income property located?
The property is located at 8345 BELLA TIERRA COURT 8345 Davenport, FL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Resort‑style gated community (Bella Trae) with extensive amenities including a **12,500 sq. ft. community center, heated pool/spa, fitness center, and more.**; Minutes from Disney World and other Orlando attractions.; Mediterranean‑inspired design with a private lanai and **lake views from the primary bedroom.**
