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

    16046 GALENA AVE Port Charlotte, FL 33954

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land - PORT CHARLOTTE, FL

    Lot size:
    0.23 Acres
    Added:
    Aug 9, 2025
    Days on Market:
    254
    Last Refresh:
    Apr 19 at 1:06 am

    Property Features for 16046 GALENA AVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RSF3.5
    Pets allowed
    Yes
    Standard status
    Active
    APN
    402102152002
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    494

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Holly Drilling

    Listing agent Holly Drilling License #3441524

    Listing office RE/MAX PALM REALTY 1808 Tamiami Trail Unt D2, Port Charlotte, FL

    Listing date Aug 9, 2025

    MLS# C7513402 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

    Port Charlotte Land Opportunity

    This 0.23-acre residential land is located in an up-and-coming area of Port Charlotte. The property is not located in a Scrub Jay habitat, and electric service is available at the site. The property is located in a non-deed restricted area of Charlotte County, allowing for the storage of recreational vehicles and boats, as well as the construction of detached garages and sheds. There is ample room for a pool. The neighborhood features new homes, with ongoing construction. The property is close to amenities, including the beaches of Venice, Englewood, and Boca Grande, as well as golf courses and boat launches. It is also located minutes from the Spring training Rays Stadium. The property is suitable for building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.18737
    Latitude
    27.028887

    Nearby Similar for Sale

    • $499,000
      1,950 SF

      Port Charlotte Office Building For Sale

      1,950 SF office building on a 0.68-acre lot.
      12267 S ACCESS ROAD, PORT CHARLOTTE, FL 33981
      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
    • $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
    • $424,900
      1,740 SF

      Waterfront Duplex with Gulf Access

      Luxury upgraded duplex built in 2020 with rental potential.
      2074 &AMP 2076 COMO STREET, PORT CHARLOTTE, FL 33948
      View Details
    • $315,000
      1,516 SF

      Port Charlotte Duplex Investment Opportunity

      Well-maintained duplex near beaches, shopping, and dining in Port Charlotte.
      2087 COMO STREET, PORT CHARLOTTE, FL 33948
      View Details
    • $249,000

      Prime Commercial Land Opportunity

      0.52-acre commercial parcel in high-growth area with excellent visibility.
      8576 WILTSHIRE DRIVE, PORT CHARLOTTE, FL 33981
      View Details
    • $138,000

      Commercial Land Near Tamiami Trail

      Two adjacent commercial lots in a convenient Port Charlotte location.
      17418 BRIGHTON AVENUE, PORT CHARLOTTE, FL 33954
      View Details
    • $225,000

      Turnkey Restaurant on US-41

      Established European restaurant for sale in prime location.
      2414 Tamiami Trail, Port Charlotte, FL 33952
      View Details
    • $469,000
      2,396 SF

      New Duplex in Port Charlotte

      New construction duplex with modern amenities, ideal for investment.
      15523,15525 CHAMBERLAIN BOULEVARD, PORT CHARLOTTE, FL 33953
      View Details

    FAQs

    What type of property is this?
    Land - Residential land in an up-and-coming area of Port Charlotte.
    Where is this land located?
    The property is located at 16046 GALENA AVE Port Charlotte, 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: No flood insurance required.; Non‑deed restricted area allows for RV/boat storage, detached garage, sheds, etc.; Electric at the site.
    (716) 812-0512
    We can help!
    Listing Contact
    Holly Drilling
    Real Estate License ID: 3441524
    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!