Veranda Park Professional Office
For Sale
$449,000
7065 WESTPOINTE Blvd 303 & 304, Orlando, FL 32835
Professional office suite in Metrowest area, tenant occupied.
Property Size1,160 SF
Lot Size0.01 Acres
Price / SF$387.07
Days on Market161
Property Features for 7065 WESTPOINTE Blvd 303 & 304
General Information
Standard status
Active
Size
1,160 SF
Lot size
0.01 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,802
Building Details
Building Size
1,160 SF
Year Built
2005
Stories
3
Listing Agency:
VERANDA PARK REALTY LLC
(321) 231-3370
Listed By:
Rod Arzouni · License #3102444
(321) 231-3370
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:21AM
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 VERANDA PARK REALTY LLC
Investment Insights
Based on property information with market context.
This professional office suite in Veranda Park comprises two combined suites, totaling 1,160 square feet. Situated on the third floor, the office features two main entrance doors (units 303 and 304), a large reception/waiting area, four private suites, a storage room, and a large conference room. The property is located in the heart of the Metrowest area, a few miles from I4 and 408, with numerous restaurants and shopping options within walking distance. The property is currently tenant-occupied until May 31, 2025, with a monthly rent of $3,100, plus sales tax and utilities.
Key Highlights
- Combined office suites totaling 1,160 SQF in Metrowest.
- Tenant occupied until May 31, 2025, generating $3,100 monthly income plus sales tax and utilities.
- Features a large reception/waiting area, 4 private suites, storage room, and a large conference room.
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
$21,663
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
4.82%
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%
$433,260
$433.3K
Cap Rate 7%
$309,471
$309.5K
Cap Rate 9%
$240,700
$240.7K
Market Conditions
NOI Build-Up for 1,160 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
$34.8K $30.00/SF
− Vacancy
−$5.9K −$5.10/SF
EGI
$28.9K $24.90/SF
− OpEx
−$7.2K −$6.23/SF
NOI
$21.7K $18.67/SF
Area
Orlando, FL
Vacancy
17.00%
Lease Rate
$30.00 /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%
$433,260
Cap Rate 7%
$309,471
Cap Rate 9%
$240,700
Alternative Uses
Best Use
Office B
$309.5K
$270.8K – $361.1K
NOI $21,663 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.7K
$327.0K – $436.0K
NOI $26,157 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,691
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 Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office suite in Metrowest area, tenant occupied.
Where is this office units located?
The property is located at 7065 WESTPOINTE Blvd 303 & 304 Orlando, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Combined office suites totaling 1,160 SQF in Metrowest.; Tenant occupied until May 31, 2025, generating $3,100 monthly income plus sales tax and utilities.; Features a large reception/waiting area, 4 private suites, storage room, and a large conference room.
