Wedding Venue
New
For Sale
$3,395,000
7065 WESTPOINTE Boulevard, Orlando, FL 32835
Commercial Sale, ORLANDO, FL
Property Size9,884 SF
Lot Size0.15 Acres
Price / SF$343.48
Days on Market1
Property Features for 7065 WESTPOINTE Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
RETAIL/VERANDA PARK BLDG 7000 CO
Directions
From S.R. 408 (East West Expressway), exit at S. Hiawassee Road and head south. Turn west onto Westpointe Blvd. Veranda Park is on the right at the corner of Westpointe Blvd and Piazza Grande Ave. Building 7000 is the three story building at that corner; Unit 140 is on the ground floor. Surface parking is available in the lot adjacent to and east of the building. From Florida's Turnpike, take S.R. 408 East to the S. Hiawassee Road exit and follow the directions above.
Standard status
Active
APN
02-23-28-6125-00-140
Size
9,884 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RETAIL AT VERANDA PARK BUILDING 7000 CONDOMINIUM, A CONDOMINIUM 20200300191 UNIT140
Tax Annual Amount
37081
Legal Description
RETAIL AT VERANDA PARK BUILDING 7000 CONDOMINIUM, A CONDOMINIUM 20200300191 UNIT140
Utilities
Cooling system
Central Air
Amenities
grand ballroom
dedicated ceremony area
outdoor cocktail patio
private bridal and groom suites
soaring ceilings
crystal chandeliers
custom drapery
elegant finishes
finished commercial kitchen build out
exhaust hood
grease interceptor
ventilation
high capacity electrical and plumbing
elevator access
on site parking
restrooms
premium finishes
Building Details
Year built
2005
Floors in Building
2
Building materials
Concrete
Listing Agency:
COMPASS FLORIDA LLC
(407) 203-9441
Listed By:
Brad Kuskin · License #BK3333122
(561) 232-7899
Added: Sep 4
Last Checked: Sep 4 at 4:06PM
MLS# O6439297
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,884-square-foot ground-floor commercial condominium is configured for weddings and special events, with a ballroom, separate ceremony space, outdoor cocktail patio, and private suites for bridal and groom parties. High ceilings, chandeliers, custom drapery, restrooms, and finished interior details are already in place. The property also includes a commercial kitchen build-out with exhaust hood, grease interceptor, ventilation, and high-capacity electrical and plumbing systems. Built in 2005, the concrete structure has central air and is zoned AC-2 Activity Center by the City of Orlando.
The property is at Veranda Park in MetroWest, with elevator access and on-site parking. Its location provides access to S.R. 408, Florida's Turnpike, and Downtown Orlando. Unit 140 holds the majority voting interest in the four-unit retail condominium association. The sale is for real estate only, with an operating venue package available separately under NDA.
The property is at Veranda Park in MetroWest, with elevator access and on-site parking. Its location provides access to S.R. 408, Florida's Turnpike, and Downtown Orlando. Unit 140 holds the majority voting interest in the four-unit retail condominium association. The sale is for real estate only, with an operating venue package available separately under NDA.
Key Highlights
- 9,884‑square‑foot ground‑floor commercial condominium
- Event layout includes ballroom, ceremony area, patio, and private bridal and groom suites
- Commercial kitchen includes exhaust hood, grease interceptor, ventilation, and high‑capacity electrical and plumbing
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
$207,954
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
6.13%
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%
$4,159,080
$4.2M
Cap Rate 7%
$2,970,771
$3.0M
Cap Rate 9%
$2,310,600
$2.3M
Market Conditions
NOI Build-Up for 9,884 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
$287.0K $29.04/SF
− Vacancy
−$9.8K −$0.99/SF
EGI
$277.3K $28.05/SF
− OpEx
−$69.3K −$7.01/SF
NOI
$208.0K $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%
$4,159,080
Cap Rate 7%
$2,970,771
Cap Rate 9%
$2,310,600
Alternative Uses
Best Use
Specialty Retail
$2.97M
$2.60M – $3.47M
NOI $207,954 @ 7.0% cap · market cap 6.13%
Second Best
Industrial
$788.8K
$690.2K – $920.3K
NOI $55,215 @ 7.0% cap · market cap 1.63%
Theoretical Best
Office A
$3.18M
$2.79M – $3.71M
NOI $222,879 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Chevron
Shops & Services
11,612 visits/mo
0.1 miles
Taco Bell
Dining
7,805 visits/mo
0.2 miles
Pet Supermarket
Shops & Services
6,525 visits/mo
0.3 miles
Truist
Shops & Services
5,284 visits/mo
0.2 miles
NYPD Pizza
Dining
3,814 visits/mo
0.4 miles
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 Retail in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Ground-floor event space with ballroom, ceremony area, bridal suites, patio, and commercial kitchen infrastructure.
Where is this wedding venue located?
The property is located at 7065 WESTPOINTE Boulevard Orlando, FL.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: 9,884‑square‑foot ground‑floor commercial condominium; Event layout includes ballroom, ceremony area, patio, and private bridal and groom suites; Commercial kitchen includes exhaust hood, grease interceptor, ventilation, and high‑capacity electrical and plumbing
