Turnkey Event Venue with Commercial
1437n US-1 Ormond Beach, FL 32174
1437n US-1, Ormond Beach, FL, 32174
Contact for pricing
For Sale
Contact for pricing
Turnkey banquet hall with event stage, audio-visual and projection screens, plus a fully equipped commercial kitchen and bar area.
Property Size2,732 SF
Price / SF$274.16
Days on Market99
Property Features for 1437n US-1
General Information
- Standard status
- Active
- Size
- 2,732 SF
- Property subtype
- Hospitality, Mixed Use, Retail
Building Details
- Year Built
- 2006
Listing agency
Corcoran
(407) 749-6200
Listed by
Sina Albekord · License #FL
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 7:08AM Checked: Jul 21 at 7:08AM
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 Corcoran
Investment Insights
Based on property information with market context.
This fully built-out event venue includes a spacious event area with a stage, integrated audio/visual setup, and projection screens. A dedicated bar area supports guest service, and the property also features a fully equipped commercial kitchen for catering operations. The sale includes an extensive inventory of furniture, fixtures, and equipment, and the unit is being sold fully furnished, including tables, chairs, buffet service equipment, décor elements, projectors, and a piano, among other items.
Additional interior improvements include two restrooms, a private office in the back, and a well-designed back-of-house with prep, refrigeration, and storage. Security and monitoring systems are already in place.
The venue’s layout supports both guest events and day-to-day operations, with established front-of-house and back-of-house spaces designed for efficient event hosting.
Additional interior improvements include two restrooms, a private office in the back, and a well-designed back-of-house with prep, refrigeration, and storage. Security and monitoring systems are already in place.
The venue’s layout supports both guest events and day-to-day operations, with established front-of-house and back-of-house spaces designed for efficient event hosting.
Key Highlights
- 2006‑built turnkey banquet hall ready for immediate operation
- Event space includes a stage, integrated audio/visual setup, and projection screens
- Fully equipped commercial kitchen plus a dedicated bar area for catering and events
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.0k | $21.96 |
| − Vacancy | −$4.7k | −$1.71 |
| EGI | $55.3k | $20.25 |
| − OpEx | −$13.8k | −$5.06 |
| NOI | $41.5k | $15.19 |
2,732 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$592.7K
$518.6K – $691.4K
NOI $41,486 @ 7.0% cap · market cap 5.54%
Second Best
Industrial
$232.4K
$203.3K – $271.1K
NOI $16,265 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$805.5K
$704.9K – $939.8K
NOI $56,388 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wedding venues
Similar For Sale Nearby
FAQs
What type of property is this?
Wedding venue - Turnkey banquet hall with event stage, audio-visual and projection screens, plus a fully equipped commercial kitchen and bar area.
Where is this wedding venue located?
The property is located at 1437n US-1 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2006‑built turnkey banquet hall ready for immediate operation; Event space includes a stage, integrated audio/visual setup, and projection screens; Fully equipped commercial kitchen plus a dedicated bar area for catering and events
