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    Turnkey Entertainment Venue in West Palm Title is generated by Realmo AI

    1490 S Military Trl, West Palm Beach, FL 33415

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    For Sale
    $895,000

    Fully equipped reception hall, restaurant, nightclub, and entertainment venue.

    Type:Business Opportunity
    Added:
    Apr 12, 2026
    Days on Market:
    51
    Last Refresh:
    May 31 at 5:35 pm

    Property Features for 1490 S Military Trl

    General Information

    Standard status
    Active
    Property subtype
    Business Opportunity

    We can help!

    Listing Contact
    Donna Galloway

    Listing agent Donna Galloway License #522949

    Listing office Golden Sands S. Florida Realty

    Listing date Apr 12, 2026

    Source Exprealty

    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 Golden Sands S. Florida Realty

    HighLights

    • Turnkey reception hall, restaurant, nightclub, and entertainment venue in a prime West Palm Beach location.
    • Fully equipped commercial kitchen with hood system and high‑end Bosch appliances (3‑5 year warranties).
    • Professional $300,000 Elcano sound system (largest in PBC) and advanced lighting.
    • Two full‑service granite‑top bars and approximately $50,000 in liquor included.
    • Multiple revenue streams and 4 cop liquor license (new owner needs to obtain own).
    • Luxury his and her restrooms and 20‑ton commercial air conditioner system.

    Overview

    This turnkey business opportunity features a reception hall, restaurant, nightclub, and entertainment venue, complete with a pool hall. Located in a prime area of West Palm Beach, the property includes a full commercial kitchen equipped with a hood system and high-end Bosch appliances, including 4 dishwashers and 2 ice machines, most of which have 3-5 year warranties. A ventless dryer and washer are also included. The venue boasts a professional $300,000 Elcano sound system, described as the largest in Palm Beach County, along with advanced lighting, strobe effects, and 10 chandeliers. The space is furnished with multiple booths, approximately 10 round tables, and around 100 chairs, along with a complete linen inventory and interchangeable screens to adjust the dining or event ambiance. There are two full-service granite-top bars and approximately $50,000 in liquor. The venue has a 4 cop liquor license, which the new owner will need to obtain. Additional features include luxury restrooms and a 20-ton commercial air conditioner system. Office space is available. This versatile venue offers multiple revenue streams.
    Location Intelligence

    Current Use by Public Records

    GALA RECEPTION HALL Hotel & Motel Coral Behavioral Services Crisis Center Kates kollections Discount Store Heaven Bound Deliverance ... Church Nails by karilin Nail Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1117741
    Latitude
    26.654924

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    FAQs

    What type of property is this?
    Wedding venue - Fully equipped reception hall, restaurant, nightclub, and entertainment venue.
    Where is this wedding venue located?
    The property is located at 1490 S Military Trl West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Turnkey reception hall, restaurant, nightclub, and entertainment venue in a prime West Palm Beach location.; Fully equipped commercial kitchen with hood system and high‑end Bosch appliances (3‑5 year warranties).; Professional $300,000 Elcano sound system (largest in PBC) and advanced lighting.
    (954) 588-1207
    We can help!
    Listing Contact
    Donna Galloway
    Real Estate License ID: 522949
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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