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    121 E MCKENZIE STREET Punta Gorda, FL 33950

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    Claim this Listing
    Pending
    $499,000

    Business - PUNTA GORDA, FL

    Type:Business
    Property size:
    2,246 SF
    Lot size:
    0.25 Acres
    Added:
    Feb 17, 2025
    Days on Market:
    431
    Last Refresh:
    Apr 24 at 11:06 pm

    Property Features for 121 E MCKENZIE STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    HC
    Standard status
    Pending
    APN
    412307255004
    Size
    2,246 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2673.35

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Flooring type
    Tile, Vinyl
    Building materials
    Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Bob Helphenstine
    Bob Helphenstine

    Listing agent Bob Helphenstine License #3295038

    Listing office FIVE STAR REALTY OF CHARLOTTE 1203 W. Marion Ave., Punta Gorda, FL

    Listing date Feb 17, 2025

    MLS# C7505123 Listing URL

    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.

    Overview

    Punta Gorda Commercial Warehouse

    This commercial warehouse, located at 121 E Mckenzie St, Punta Gorda, FL 33950, offers an opportunity to own property zoned HC (Highway Corridor). Situated approximately 0.5 miles from Downtown Punta Gorda and near US Highway 41, the property benefits from high visibility and traffic flow. The warehouse sits on a 10,801 sq. ft. lot and the building size is 2,246 sq. ft. The building features two potential office spaces and a handicap-modified bathroom. The property was transformed in 2021 with new pavers, landscaping, a front gate, interior spray foaming, split A/C systems, and a new roof on the main part of the building. The location is surrounded by restaurants, businesses, and services off Hwy 41. The property is located behind the Dollar General on McKenzie St.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Exquisite Autos Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Ann Street Mini Storage — 209 E Ann St, Punta Gorda, FL 33950
    • Extra Space Storage — 902 Taylor St, Punta Gorda, FL 33950

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.046319
    Latitude
    26.92685

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    FAQs

    What type of property is this?
    Warehouse - Prime commercial warehouse near downtown Punta Gorda and US Highway 41.
    Where is this warehouse located?
    The property is located at 121 E MCKENZIE STREET Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Prime commercial warehouse (2,246 sq. ft.) zoned HC (Highway Corridor) located 0.5 miles from Downtown Punta Gorda and near US Highway 41.; High visibility location on McKenzie St, behind Dollar General, benefiting from heavy traffic flow.; Generous 10,801 sq. ft. lot offering space for expansion or additional parking.
    (941) 661-4842
    We can help!
    Listing Contact
    Bob Helphenstine
    Bob Helphenstine
    Real Estate License ID: 3295038
    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.

    More about this property
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