Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot in South Gulf Title is generated by Realmo AI

    15880 MELPORT CIRCLE, Port Charlotte, FL 33981

    View on Map
    Claim this Listing
    For Sale
    $149,900

    Land - PORT CHARLOTTE, FL

    Lot size:
    0.23 Acres
    Added:
    Dec 2, 2024
    Days on Market:
    548
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 15880 MELPORT CIRCLE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RSF3.5
    Pets allowed
    Yes
    Standard status
    Active
    APN
    412122227002
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    2366

    Utilities

    Water front features
    Canal - Saltwater, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeremy Jones

    Listing agent Jeremy Jones License #3186366

    Listing office TALL PINES REALTY 1500 S McCall Rd, Englewood, FL

    Listing date Dec 2, 2024

    MLS# D6139334 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.

    HighLights

    • Southern Exposure Waterfront Lot
    • Features a Concrete Seawall
    • Includes an Access Lot
    • Located in desirable South Gulf Cove
    • Close to Beaches, Shops, Schools, and Restaurants
    • Active New Home Construction in the Area

    Overview

    This 0.23-acre waterfront lot is located in Section 93 of South Gulf Cove. The property features a concrete seawall and southern exposure. Situated in a growing area, the lot is conveniently located near beaches, shops, schools, and restaurants. New homes are under construction on this street and throughout the community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Hair Salon Gym & Fitness Center HVAC Service Cafe & Coffee Shop Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1942001
    Latitude
    26.9005352

    Nearby Similar for Sale

    • $795,000
      3,338 SF

      Prime Commercial Opportunity on US-41

      High-visibility commercial property on US-41 with redevelopment potential.
      3570 TAMIAMI TRAIL, PORT CHARLOTTE, FL 33952
      View Details
    • $3,150,000
      11,686 SF

      Move-in Ready Waterfront Medical Office

      Fully built-out medical office in Port Charlotte's medical corridor.
      21942 EDGEWATER DRIVE, PORT CHARLOTTE, FL 33952
      View Details
    • $550,000
      2,728 SF

      New Income-Producing Duplex in Florida

      New duplex built in 2025, an incredible investment opportunity.
      10385 PORT EVERGLADES STREET, PORT CHARLOTTE, FL 33981
      View Details
    • $2,700,000

      Fully Occupied Industrial Property

      Industrial property in established corridor with tenant in place.
      18230 Paulson Drive, Port Charlotte, FL 33954
      View Details
    • $900,000
      5,840 SF

      Port Charlotte Warehouse For Sale

      Warehouse property in the heart of Port Charlotte, Florida.
      23064 HARBORVIEW ROAD, PORT CHARLOTTE, FL 33980
      View Details
    • $985,000
      2,264 SF

      Commercial Warehouse in Prime Location

      6,300+ sqft warehouse with office space and ample parking.
      4415 CHURCH STREET, PORT CHARLOTTE, FL 33980
      View Details
    • $499,000

      Prime Commercial Land on US 41

      High-visibility commercial land parcel on Tamiami Trail, Port Charlotte.
      732 TAMIAMI TRAIL, PORT CHARLOTTE, FL 33953
      View Details
    • $9,995,000
      49,172 SF

      Distinctive Class B Office Building

      Four-story office building in Murdoch Business Center, Port Charlotte.
      1620 TAMIAMI TRAIL, PORT CHARLOTTE, FL 33948
      View Details
    • $325,000
      1,071 SF

      Functional Office Suite in Charlotte

      Well-appointed office suite in Murdock Professional Center.
      17827 MURDOCK CIRCLE, PORT CHARLOTTE, FL 33948
      View Details
    • $309,000
      1,516 SF

      Well-Maintained Duplex Near Gulf Beaches

      Investment opportunity near beaches, shopping, and dining in Charlotte County.
      2087 COMO STREET, PORT CHARLOTTE, FL 33948
      View Details
    • $199,000
      1,150 SF

      Port Charlotte Industrial Condo Available

      Functional industrial condo in a growing Port Charlotte business area.
      19800 VETERANS BOULEVARD, PORT CHARLOTTE, FL 33954
      View Details
    • $499,000
      1,950 SF

      East Englewood Office Building

      1,950 SF office building on a 0.68-acre lot.
      12267 S ACCESS ROAD, PORT CHARLOTTE, FL 33981
      View Details

    FAQs

    What type of property is this?
    Land - Southern exposure waterfront lot with seawall, close to amenities.
    Where is this land located?
    The property is located at 15880 MELPORT CIRCLE Port Charlotte, FL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Southern Exposure Waterfront Lot; Features a Concrete Seawall; Includes an Access Lot
    (941) 628-5027
    We can help!
    Listing Contact
    Jeremy Jones
    Real Estate License ID: 3186366
    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

    Thank You for Inquiry
    15880 MELPORT CIRCLE, PORT CHARLOTTE, FL 33981
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!