Renovated Resort
For Sale
$275,000
Pending
8774 WORLDQUEST BOULEVARD #7203, Orlando, FL 32821
Updated vacation-oriented residence with pond outlook, private balcony, and access to WorldQuest Resort amenities.
Property Size1,178 SF
Days on Market8
Property Features for 8774 WORLDQUEST BOULEVARD #7203
General Information
Standard status
Pending
Size
1,178 SF
Property subtype
Condo - Hotel
Additional Details
Multifamily Units
1
Amenities
resort-style swimming pool
Jacuzzi
fitness center
Tiki Bar
poolside cabanas
private balcony
Building Details
Year Built
2008
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Fatima Cabral Mendonca Leefers · License #3383149
(954) 593-6020
Source:
Dennisrealty
Added: Sep 5
Changed: Sep 12
Last Checked: Sep 12 at 5:33AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
Unit 7203 is a renovated condominium within WorldQuest Resort, offering an open living and dining arrangement, a private balcony, and views toward a pond. The residence provides a vacation-oriented setting with updated interiors and access to the resort’s shared facilities.
WorldQuest Resort amenities include a swimming pool, Jacuzzi, fitness center, Tiki Bar, poolside cabanas, and maintained grounds. The property is located in Orlando near Walt Disney World, with access to area theme parks, restaurants, shopping, entertainment, and major roadways. The condominium was built in 2008 and measures 1,178 square feet.
WorldQuest Resort amenities include a swimming pool, Jacuzzi, fitness center, Tiki Bar, poolside cabanas, and maintained grounds. The property is located in Orlando near Walt Disney World, with access to area theme parks, restaurants, shopping, entertainment, and major roadways. The condominium was built in 2008 and measures 1,178 square feet.
Key Highlights
- Renovated condominium at WorldQuest Resort
- 1,178‑square‑foot residence with open living and dining areas
- Private balcony overlooking a pond
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
$15,266
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
5.55%
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%
$305,320
$305.3K
Cap Rate 7%
$218,086
$218.1K
Cap Rate 9%
$169,622
$169.6K
Market Conditions
NOI Build-Up for 1,178 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
$29.7K $25.20/SF
− Vacancy
−$1.9K −$1.64/SF
EGI
$27.8K $23.56/SF
− OpEx
−$12.5K −$10.60/SF
NOI
$15.3K $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%
$305,320
Cap Rate 7%
$218,086
Cap Rate 9%
$169,622
Alternative Uses
Best Use
Apartment 5plus
$218.1K
$190.8K – $254.4K
NOI $15,266 @ 7.0% cap · market cap 5.55%
Second Best
Hotel Hospitality
$79.1K
$69.3K – $92.3K
NOI $5,540 @ 7.0% cap · market cap 2.01%
Theoretical Best
Office A
$379.5K
$332.0K – $442.7K
NOI $26,563 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Resort - Updated vacation-oriented residence with pond outlook, private balcony, and access to WorldQuest Resort amenities.
Where is this resort located?
The property is located at 8774 WORLDQUEST BOULEVARD #7203 Orlando, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Renovated condominium at WorldQuest Resort; 1,178‑square‑foot residence with open living and dining areas; Private balcony overlooking a pond
