Combined Office
For Sale
$449,000
7065 WESTPOINTE BLVD #303 & 304, Orlando, FL 32835
Third-floor office space offers private rooms, storage, reception, and conference facilities in a walkable commercial setting.
Property Size1,160 SF
Price / SF$387.07
Days on Market873
Property Features for 7065 WESTPOINTE BLVD #303 & 304
General Information
Standard status
Active
Size
1,160 SF
Property subtype
Office
Occupancy
100%
Additional Details
Floor
3
Gross Income
$37,200
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$2,802
Building Details
Building Size
1,160 SF
Year Built
2005
Tenancy
Single
Owner Occupied
No
Listing Agency:
VERANDA PARK REALTY LLC
(321) 231-3370
Listed By:
Rod Arzouni · License #3102444
Source:
Novaorlando
Added: Apr 9, 2024
Changed: Aug 3
Last Checked: Aug 28 at 6:33PM
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 VERANDA PARK REALTY LLC
Investment Insights
Based on property information with market context.
This office property combines two adjoining units into a 1,160 SQF professional workspace on the third floor of Veranda Park. The layout includes two separate entry doors, a reception and waiting area, four private office suites, a storage room, and a sizable conference room. The existing configuration supports a range of professional office operations while providing both private and shared areas.
The property is situated in the Metrowest area, within a few miles of I4 and 408. Restaurants and shopping are described as within walking distance, adding convenient nearby services for occupants and visitors. The office was built in 2005 and is currently tenant occupied through May 31, 2025.
The property is situated in the Metrowest area, within a few miles of I4 and 408. Restaurants and shopping are described as within walking distance, adding convenient nearby services for occupants and visitors. The office was built in 2005 and is currently tenant occupied through May 31, 2025.
Key Highlights
- 1,160 SQF office property formed by combining two adjoining units
- Third‑floor location at Veranda Park with two separate entrance doors
- Four private office suites plus reception, waiting, storage, and conference areas
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
$21,663
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
4.82%
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%
$433,260
$433.3K
Cap Rate 7%
$309,471
$309.5K
Cap Rate 9%
$240,700
$240.7K
Market Conditions
NOI Build-Up for 1,160 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 $30.00/SF
− Vacancy
−$5.9K −$5.10/SF
EGI
$28.9K $24.90/SF
− OpEx
−$7.2K −$6.23/SF
NOI
$21.7K $18.67/SF
Area
Orlando, FL
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$433,260
Cap Rate 7%
$309,471
Cap Rate 9%
$240,700
Alternative Uses
Best Use
Office B
$309.5K
$270.8K – $361.1K
NOI $21,663 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.7K
$327.0K – $436.0K
NOI $26,157 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
Explore this area
Business Placement
Demographics for 32835, FL
45,380
Population
19,377
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
4,828
Density / Sq Mi
$70,183
Median Household Income
$38,953
Median Earnings
$1,764
Median Rent
$333,000
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Third-floor office space offers private rooms, storage, reception, and conference facilities in a walkable commercial setting.
Where is this office units located?
The property is located at 7065 WESTPOINTE BLVD #303 & 304 Orlando, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,160 SQF office property formed by combining two adjoining units; Third‑floor location at Veranda Park with two separate entrance doors; Four private office suites plus reception, waiting, storage, and conference areas
