Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1502 ABALOM STREET Punta Gorda, FL 33980

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    Land - PUNTA GORDA, FL

    Lot size:
    0.23 Acres
    Added:
    Nov 21, 2025
    Days on Market:
    149
    Last Refresh:
    Apr 19 at 5:06 am

    Property Features for 1502 ABALOM STREET

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RSF3.5
    Pets allowed
    Yes
    Exterior features
    Paved
    Standard status
    Pending
    APN
    402212457004
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    467.11

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sue Strope
    Sue Strope

    Listing agent Sue Strope License #534763

    Listing office XCELLENCE REALTY INC. 7700 N Kendall Drive, Miami, FL

    Listing date Nov 21, 2025

    MLS# C7518077 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

    Residential Land in Punta Gorda

    This residential land is located in a super convenient location, just a few blocks from the Winn Dixie shopping center and within walking distance to the Maracaibo Kidspace Park. It is also a few minutes' drive to Peachland Promenades and the I-75 exit on Kings Highway. The neighborhood is quiet, and newer homes are being built in the surrounding area. City water lines are close but do not run in front of the property yet. The lot size is 0.23 acres. This property is zoned RSF3.5 and is located in Punta Gorda, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0533
    Latitude
    26.9862

    Nearby Similar for Sale

    • $580,000
      3,375 SF

      Punta Gorda Restaurant Opportunity

      Free-standing commercial building with restaurant, apartment, and outside storage.
      4214 DUNCAN ROAD, PUNTA GORDA, FL 33982
      View Details
    • $700,000
      1,242 SF

      Punta Gorda Industrial Warehouse

      7000+ sq ft industrial warehouse with office space.
      4168 ELECTRIC WAY, PUNTA GORDA, FL 33980
      View Details
    • $1,100,000

      Prime Commercial Property, Punta Gorda

      Highly visible commercial property in downtown Punta Gorda.
      236 Tamiami Trail, Punta Gorda, FL 33950
      View Details
    • $519,000

      Punta Gorda Commercial Land Opportunity

      1.5 acres of commercial land near Duncan Road and Washington Loop.
      4224 DUNCAN ROAD, PUNTA GORDA, FL 33982
      View Details
    • $700,000

      PUNTA GORDA Industrial Warehouse

      Industrial warehouse with office, storage, and fenced yard.
      4159 ELECTRIC WAY, PUNTA GORDA, FL 33980
      View Details
    • $449,000
      1,655 SF

      PUNTA GORDA Farm with Acreage

      Well-maintained 3-bedroom home on 2.5 acres, set up for horses.
      7392 SWISS BOULEVARD, PUNTA GORDA, FL 33982
      View Details
    • $50,000

      Punta Gorda Commercial Opportunity

      Versatile commercial land opportunity in fast-growing Punta Gorda, Florida.
      618 DRURY LANE, PUNTA GORDA, FL 33950
      View Details
    • $800,000
      10,508 SF

      Versatile Campus with Multiple Buildings

      Unique 6-acre campus ideal for diverse uses.
      4827 FAIRWAY DRIVE N, PUNTA GORDA, FL 33982
      View Details
    • $460,000
      1,080 SF

      Punta Gorda Mixed-Use Property

      Half-acre commercial property near downtown Punta Gorda with existing infrastructure.
      6188 ELLIOTT STREET, PUNTA GORDA, FL 33950
      View Details
    • $899,000
      1,800 SF

      Punta Gorda Commercial Space

      Versatile commercial building with workshop, office, and hobby shop.
      3400 ROWLAND DRIVE, PUNTA GORDA, FL 33980
      View Details
    • $629,000

      Punta Gorda Commercial Land

      1.65 acres of commercial land in Punta Gorda, Florida.
      10271 Pheasant Boulevard, Punta Gorda, FL 33950
      View Details
    • $149,900

      Waterfront Commercial Lot For Sale

      Waterfront commercial lot in Punta Gorda, business zoning.
      4515 S FAIRWAY DRIVE, PUNTA GORDA, FL 33982
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in a convenient location for building a home.
    Where is this residential land & home lot located?
    The property is located at 1502 ABALOM STREET Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Super convenient location near Winn Dixie shopping center.; Walking distance to Maracaibo Kidspace Park.; Close proximity to Peachland Promenades and I‑75.
    (941) 456-5262
    We can help!
    Listing Contact
    Sue Strope
    Sue Strope
    Real Estate License ID: 534763
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!