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    Port Charlotte Industrial Building For Lease Title is generated by Realmo AI

    1242 Market Circle, Port Charlotte, FL 33953

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    COMMERCIAL - Port Charlotte, FL

    Type:Office
    Lot size:
    1.00 Acre
    Added:
    May 21, 2025
    Days on Market:
    366
    Last Refresh:
    May 21 at 8:06 am

    Property Features for 1242 Market Circle

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Fencing
    Fenced
    Standard status
    Active
    APN
    402207176009
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PCI 000 0001 0015 PORT CHARLOTTE INDUSTRIAL PARK BLK 1 A PORTION OF LT 15 DESC AS COMM AT NE COR LOT 15 TH SW 163.79 FT SE 112.69 FT NE 18 FT SE 194.95 FT NE 146.79 FT TO SE COR TH NW 311.98 FT TO POB 839-274 AGD975-1844 AFF1565/725 1565/728 DC3625/2 022-
    Tax Annual Amount
    26734

    Building Details

    Year built
    1987
    Floors in Building
    1

    We can help!

    Listing Contact
    Robert Amick

    Listing agent Robert Amick License #274501721

    Listing office Amick Realty, Inc. 3806 Tamiami Trail, Port Charlotte, FL

    Listing date May 21, 2025

    MLS# 225049201

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Standalone 14,128 sq ft industrial building in desirable Murdock Circle location.
    • Central HVAC throughout warehouse and 1,260 sq ft office space, fully insulated.
    • Clear span floor space with 14‑foot ceilings.
    • Eight overhead doors for easy loading/unloading.
    • Fully fenced property with 48 parking spaces.
    • Quick access to Highway 41.

    Overview

    Located in Charlotte County's Murdock Circle, this 14,128 square-foot industrial building is available for lease. Situated on almost 1 acre, the property features 14-foot-high ceilings and clear span floor space. The entire warehouse and 1,260-square-foot office space benefit from a central HVAC system and full insulation. The warehouse includes eight overhead doors for convenient loading and unloading. The property provides 48 parking spaces and single-phase 240 power. Fully fenced for security, the building and parking lot are well-maintained and offer quick access to 41. The owner is also offering an additional adjoining property for lease, which is a 9,000 square foot fully air-conditioned warehouse with 1,700 square feet of office space. Additionally, a third property is available: a 14,000 square foot fully air-conditioned warehouse with 1,400 square feet of office space for lease in Charlotte Harbor on a prime hard corner located at 23245 Harborview Rd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anthony Speid Auto ... Auto Repair Shop Design Metal Creations Steelwork Design Service CLEAN EARTH WATER ... Home Appliance Store Moved Construction Company Triton Septic Systems Construction Company

    Suggested Use

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

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

    Similar Places Nearby

    • Extra Space Storage — 17960 Paulson Dr, Port Charlotte, FL 33954
    • Murdock Self Storage — 1381 Market Cir #6, Port Charlotte, FL 33953
    • Home Star Storage - Port Charlotte — 18485 Paulson Dr, Port Charlotte, FL 33954
    • Extra Space Storage — 19750 Cochran Blvd, Port Charlotte, FL 33954
    • 𝗣𝗼𝗿𝘁 𝗖𝗵𝗮𝗿𝗹𝗼𝘁𝘁𝗲 𝗠𝗼𝘃𝗲𝗿𝘀 - 𝗟𝗼𝗰𝗮𝗹 𝗠𝗼𝘃𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 — 1441 Tamiami Trail #24, Port Charlotte, FL 33948

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.150134
    Latitude
    27.012746

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    FAQs

    What type of property is this?
    Warehouse - 14,128 SF industrial building with office space for lease.
    Where is this warehouse located?
    The property is located at 1242 Market Circle Port Charlotte, FL.
    What are key features of this property?
    This property features: Standalone 14,128 sq ft industrial building in desirable Murdock Circle location.; Central HVAC throughout warehouse and 1,260 sq ft office space, fully insulated.; Clear span floor space with **14‑foot ceilings.**
    (941) 628-9131
    We can help!
    Listing Contact
    Robert Amick
    Real Estate License ID: 274501721
    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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