Two-Story Restaurant Bar with
For Sale
Contact for pricing
26 Wall Street, Orlando, FL 32801
Two-story hospitality property with full kitchen, bar, and terrace across from Heritage Square Park.
Property Size5,856 SF
Price / SF$597.68
Days on Market65
Property Features for 26 Wall Street
General Information
Standard status
Active
Size
5,856 SF
Property subtype
Mixed Use, Special Purpose, Business for Sale
Zoning
AC-3A/T/HP - Nightclub / Bar
Investment Type
Owner/User
Building Details
Year Built
1920
Year Renovated
2020
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orlando
(407) 620-2416
Listed By:
Yassin Benkabbou · License #SL3420471
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 10 at 9:10AM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This two-story hospitality and entertainment building was originally constructed in 1920 and totals approximately 5,856 square feet. The property is currently known as the Monkey Bar / Wai Tiki venue and is set up with a full-service ground-floor bar and lounge, a second-floor entertainment area, and a fully built-out commercial kitchen. The kitchen includes an existing hood system, and the building also features an expansive outdoor terrace overlooking Heritage Square Park.
Located in the heart of Downtown Orlando’s Wall Street Entertainment District, the property sits directly across from Heritage Square Park along a pedestrian-oriented entertainment corridor. The surrounding mix includes restaurants, bars, hotels, office buildings, residential towers, and year-round event programming, supporting consistent activity throughout the day and evening. Wall Street serves as the gathering point for major events, including St. Patrick’s Day celebrations, Orlando Magic playoff events, college football activations, holiday festivals, and major block parties.
With both indoor hospitality space and an outdoor terrace, the layout is well suited for operators seeking a turnkey foundation for food-and-beverage and nightlife concepts. The presence of a built-out commercial kitchen and existing hood system can reduce buildout needs for users that require full kitchen service alongside a bar-and-lounge experience.
Located in the heart of Downtown Orlando’s Wall Street Entertainment District, the property sits directly across from Heritage Square Park along a pedestrian-oriented entertainment corridor. The surrounding mix includes restaurants, bars, hotels, office buildings, residential towers, and year-round event programming, supporting consistent activity throughout the day and evening. Wall Street serves as the gathering point for major events, including St. Patrick’s Day celebrations, Orlando Magic playoff events, college football activations, holiday festivals, and major block parties.
With both indoor hospitality space and an outdoor terrace, the layout is well suited for operators seeking a turnkey foundation for food-and-beverage and nightlife concepts. The presence of a built-out commercial kitchen and existing hood system can reduce buildout needs for users that require full kitchen service alongside a bar-and-lounge experience.
Key Highlights
- Two‑story hospitality property built in 1920 with approx. 5,856 SF on a 0.06‑acre urban infill parcel
- Full‑service ground‑floor bar and lounge plus a second‑floor entertainment area
- Fully built‑out commercial kitchen with existing hood system
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
$123,207
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
3.52%
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%
$2,464,140
$2.5M
Cap Rate 7%
$1,760,100
$1.8M
Cap Rate 9%
$1,368,967
$1.4M
Market Conditions
NOI Build-Up for 5,856 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
$170.1K $29.04/SF
− Vacancy
−$5.8K −$0.99/SF
EGI
$164.3K $28.05/SF
− OpEx
−$41.1K −$7.01/SF
NOI
$123.2K $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%
$2,464,140
Cap Rate 7%
$1,760,100
Cap Rate 9%
$1,368,967
Alternative Uses
Best Use
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $123,207 @ 7.0% cap · market cap 3.52%
Second Best
Industrial
$467.3K
$408.9K – $545.2K
NOI $32,713 @ 7.0% cap · market cap 0.93%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,050 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,933
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 83%
Dining 12%
Beauty & Spa 5%
Embassy Suites By Hilton Orlando Downtown
Hotels & Casinos
26,620 visits/mo
0.3 miles
Marriott Orlando Downtown
Hotels & Casinos
7,512 visits/mo
0.5 miles
Insomnia Cookies
Dining
3,500 visits/mo
0.2 miles
Blo Blow Dry Bar
Beauty & Spa
1,868 visits/mo
0.4 miles
SUBWAY
Dining
1,508 visits/mo
0.4 miles
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 903 Mills Market — 903 S Mills Ave, Orlando, FL 32806
- The Wellborn — 211 N Lucerne Cir W, Orlando, FL 32801
- Night Shade Lounge Orlando — 536 W Church St, Orlando, FL 32805
- S.T.O.R.M. — 400 S Orange Ave, Orlando, FL 32801
- taha — 532 W Church St, Orlando, FL 32805
Frequently Asked Questions
What type of property is this?
Bar & Pub - Two-story hospitality property with full kitchen, bar, and terrace across from Heritage Square Park.
Where is this bar & pub located?
The property is located at 26 Wall Street Orlando, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two‑story hospitality property built in 1920 with approx. 5,856 SF on a 0.06‑acre urban infill parcel; Full‑service ground‑floor bar and lounge plus a second‑floor entertainment area; Fully built‑out commercial kitchen with existing hood system
