Wedding Venue
For Sale
$3,395,000
140-7065 Westpointe Blvd, Orlando, FL 32835
Ground-floor event space includes a commercial kitchen and adaptable ceremonial and hospitality areas.
Property Size9,884 SF
Price / SF$343.48
Days on Market8
Property Features for 140-7065 Westpointe Blvd
General Information
Standard status
Active
Size
9,884 SF
Zoning
AC-2
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Patio
Yes
Additional Details
Floor
Ground
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$37,081
Amenities
grand ballroom
dedicated ceremony area
private bridal and groom suites
soaring ceilings
crystal chandeliers
custom drapery
elegant finishes
ventilation
high capacity electrical and plumbing
elevator access
restrooms
premium finishes
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
COMPASS FLORIDA LLC
(407) 203-9441
Listed By:
Brad Kuskin · License #3333122
(561) 232-7899
Source:
Exprealty
Added: Sep 4
Changed: Sep 10
Last Checked: Sep 11 at 4:38PM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This 9,884-square-foot ground-floor commercial condominium is configured as a wedding and special event venue. The interior includes a grand ballroom, dedicated ceremony space, outdoor cocktail patio, separate bridal and groom suites, restrooms, high ceilings, chandeliers, custom drapery, and finished event areas. A commercial kitchen build-out is in place with an exhaust hood, grease interceptor, ventilation, and high-capacity electrical and plumbing infrastructure.
The property is located at 140-7065 Westpointe Blvd in Orlando’s Veranda Park, a mixed-use town center in MetroWest. Ground-level exposure, elevator service, and on-site parking support the existing venue layout and future adaptation. The property is zoned AC-2 Activity Center by the City of Orlando, with potential uses identified for event, food service, assembly, cultural, office, medical, fitness, educational, showroom, and entertainment operations, subject to zoning, condominium, and parking requirements. Built in 2005, the condominium is minutes from S.R. 408, Florida’s Turnpike, and Downtown Orlando.
The property is located at 140-7065 Westpointe Blvd in Orlando’s Veranda Park, a mixed-use town center in MetroWest. Ground-level exposure, elevator service, and on-site parking support the existing venue layout and future adaptation. The property is zoned AC-2 Activity Center by the City of Orlando, with potential uses identified for event, food service, assembly, cultural, office, medical, fitness, educational, showroom, and entertainment operations, subject to zoning, condominium, and parking requirements. Built in 2005, the condominium is minutes from S.R. 408, Florida’s Turnpike, and Downtown Orlando.
Key Highlights
- 9,884 SF ground‑floor commercial condominium
- Built‑out wedding and special event venue with ballroom, ceremony area, patio, and private suites
- Commercial kitchen includes exhaust hood, grease interceptor, ventilation, and high‑capacity electrical and plumbing
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
$207,954
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
6.13%
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%
$4,159,080
$4.2M
Cap Rate 7%
$2,970,771
$3.0M
Cap Rate 9%
$2,310,600
$2.3M
Market Conditions
NOI Build-Up for 9,884 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
$287.0K $29.04/SF
− Vacancy
−$9.8K −$0.99/SF
EGI
$277.3K $28.05/SF
− OpEx
−$69.3K −$7.01/SF
NOI
$208.0K $21.04/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /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%
$4,159,080
Cap Rate 7%
$2,970,771
Cap Rate 9%
$2,310,600
Alternative Uses
Best Use
Specialty Retail
$2.97M
$2.60M – $3.47M
NOI $207,954 @ 7.0% cap · market cap 6.13%
Second Best
Industrial
$788.8K
$690.2K – $920.3K
NOI $55,215 @ 7.0% cap · market cap 1.63%
Theoretical Best
Office A
$3.18M
$2.79M – $3.71M
NOI $222,879 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
397
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 Retail in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Ground-floor event space includes a commercial kitchen and adaptable ceremonial and hospitality areas.
Where is this wedding venue located?
The property is located at 140-7065 Westpointe Blvd Orlando, FL.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: 9,884 SF ground‑floor commercial condominium; Built‑out wedding and special event venue with ballroom, ceremony area, patio, and private suites; Commercial kitchen includes exhaust hood, grease interceptor, ventilation, and high‑capacity electrical and plumbing
