Turnkey Furnished Condo with Screened
For Sale
$295,000
8601 WORLDQUEST BOULEVARD #3201, Orlando, FL 32821
Second-floor 3-bedroom, 2-bath condo with a private screened patio facing the resort pool, fully furnished.
Property Size1,437 SF
Price / SF$205.29
Days on Market50
Property Features for 8601 WORLDQUEST BOULEVARD #3201
General Information
Standard status
Active
Size
1,437 SF
Property subtype
Condo - Hotel
Additional Details
Business Included
Yes
Building Details
Year Built
2006
Listing Agency:
AXEN REALTY, LLC
(480) 399-1218
Listed By:
Cristian Sanchez LLC · License #3533045
(904) 687-7876
Source:
Endlesssummerrealty
Added: Jul 15
Changed: Aug 31
Last Checked: Sep 1 at 6:31PM
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 AXEN REALTY, LLC
Investment Insights
Based on property information with market context.
Welcome to this updated, fully furnished 3-bedroom, 2-bath condo located on the second floor of Building One at WorldQuest Resort. The interior features fresh paint and an open, bright layout with a spacious living area that connects to a private screened-in patio. The condo is described as move-in ready and turnkey, allowing for immediate use as a vacation home or as a ready-to-rent investment opportunity.
WorldQuest Resort offers resort-style amenities including a pool, clubhouse, and fitness center. The property is located at 8601 WorldQuest Boulevard #3201, Orlando, Florida 32821, and is presented as being minutes from major Central Florida attractions and local shopping and dining.
This is a practical, furnished second-floor condo configuration with outdoor patio space oriented toward the resort pool setting.
WorldQuest Resort offers resort-style amenities including a pool, clubhouse, and fitness center. The property is located at 8601 WorldQuest Boulevard #3201, Orlando, Florida 32821, and is presented as being minutes from major Central Florida attractions and local shopping and dining.
This is a practical, furnished second-floor condo configuration with outdoor patio space oriented toward the resort pool setting.
Key Highlights
- 2006‑built, second‑floor 3‑bedroom, 2‑bath condo at WorldQuest Resort
- Private screened‑in patio facing the resort pool
- Fully furnished and move‑in ready
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
$18,622
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
6.31%
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%
$372,440
$372.4K
Cap Rate 7%
$266,029
$266.0K
Cap Rate 9%
$206,911
$206.9K
Market Conditions
NOI Build-Up for 1,437 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
$36.2K $25.20/SF
− Vacancy
−$2.4K −$1.64/SF
EGI
$33.9K $23.56/SF
− OpEx
−$15.2K −$10.60/SF
NOI
$18.6K $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%
$372,440
Cap Rate 7%
$266,029
Cap Rate 9%
$206,911
Alternative Uses
Best Use
Apartment 5plus
$266.0K
$232.8K – $310.4K
NOI $18,622 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,404 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 32821, FL
25,999
Population
15,061
Households
1.7
Avg Household Size
33
Median Age
44%
College-Educated
95%
High-School Grad
16.3 sq mi
ZIP Area
1,595
Density / Sq Mi
$59,927
Median Household Income
$39,230
Median Earnings
$1,782
Median Rent
$300,300
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 - Second-floor 3-bedroom, 2-bath condo with a private screened patio facing the resort pool, fully furnished.
Where is this short term rental property located?
The property is located at 8601 WORLDQUEST BOULEVARD #3201 Orlando, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2006‑built, second‑floor 3‑bedroom, 2‑bath condo at WorldQuest Resort; Private screened‑in patio facing the resort pool; Fully furnished and move‑in ready
