Lakefront Wedding Venue
New
For Sale
$1,992,100
6275 HALABRIN, Haines City, FL 33844
Three-story Victorian property with five bedrooms, en-suite baths, event grounds, and overnight capacity for approximately 50 guests.
Property Size8,063 SF
Lot Size6.24 Acres
Days on Market3
Property Features for 6275 HALABRIN
General Information
Standard status
Active
Size
8,063 SF
Lot size
6.24 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,959
Amenities
boat dock
irrigation system
landscape lighting
whole-home generator
smart home automation
outdoor RV outlets
Building Details
Building Size
8,063 SF
Year Built
1994
Stories
3
Construction
Victorian
Listing Agency:
(407) 312-4690
Listed By:
Lee Yi · License #3164588
(407) 312-4690
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 5:57AM
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 Lee Yi
Investment Insights
Based on property information with market context.
This three-story Victorian estate occupies 6.24 acres along Lake Marion and offers more than 8,000 square feet of finished space. The layout includes five bedrooms, 6.5 bathrooms, a two-story foyer, formal dining room, butler’s pantry, eat-in kitchen, great room, glass-enclosed office, and wraparound porch. Each bedroom has a private en-suite bath, while the main-level primary suite includes a fireplace, soaking tub, dual vanities, walk-in shower, and closet space.
The property is currently operated as a short-term rental for weddings, family reunions, and special events, with overnight accommodations for approximately 50 guests. Outdoor areas include a brick-paved driveway, abundant parking, a spacious backyard, and a boat dock. The finished lower level adds a soundproof music room and flexible spaces for theater, fitness, office, guest, or sleeping use. Recent improvements include a 2020 roof, 2021 air conditioning system and boat dock, 2023 irrigation and landscape lighting, a propane whole-home generator, smart home automation, and two outdoor 220-volt RV power outlets. The property is addressed in Haines City, Florida, and future expansion is subject to local zoning and approvals.
The property is currently operated as a short-term rental for weddings, family reunions, and special events, with overnight accommodations for approximately 50 guests. Outdoor areas include a brick-paved driveway, abundant parking, a spacious backyard, and a boat dock. The finished lower level adds a soundproof music room and flexible spaces for theater, fitness, office, guest, or sleeping use. Recent improvements include a 2020 roof, 2021 air conditioning system and boat dock, 2023 irrigation and landscape lighting, a propane whole-home generator, smart home automation, and two outdoor 220-volt RV power outlets. The property is addressed in Haines City, Florida, and future expansion is subject to local zoning and approvals.
Key Highlights
- 6.24 acres along the shores of Lake Marion
- More than 8,000 square feet across a three‑story Victorian estate
- Five bedrooms and 6.5 bathrooms; every bedroom has a private en‑suite bath
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
$76,372
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
3.83%
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%
$1,527,440
$1.5M
Cap Rate 7%
$1,091,029
$1.1M
Cap Rate 9%
$848,578
$848.6K
Market Conditions
NOI Build-Up for 8,063 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
$148.0K $18.36/SF
− Vacancy
−$9.2K −$1.14/SF
EGI
$138.9K $17.22/SF
− OpEx
−$62.5K −$7.75/SF
NOI
$76.4K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$1,527,440
Cap Rate 7%
$1,091,029
Cap Rate 9%
$848,578
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$954.7K – $1.27M
NOI $76,372 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,633 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 33844, FL
43,329
Population
22,018
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
84%
High-School Grad
97.2 sq mi
ZIP Area
446
Density / Sq Mi
$60,426
Median Household Income
$36,281
Median Earnings
$1,158
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Three-story Victorian property with five bedrooms, en-suite baths, event grounds, and overnight capacity for approximately 50 guests.
Where is this wedding venue located?
The property is located at 6275 HALABRIN Haines City, FL.
What is the asking price?
The asking price for this property is $1,992,100.
What are key features of this property?
This property features: 6.24 acres along the shores of Lake Marion; More than 8,000 square feet across a three‑story Victorian estate; Five bedrooms and 6.5 bathrooms; every bedroom has a private en‑suite bath
