Distinctive Class B Office
1620 TAMIAMI TRAIL, Port Charlotte, FL 33948
Office - PORT CHARLOTTE, FL
Type:Office
Property size:
49,172 SFLot size:
3.24 AcresPrice / SF:
$203/SF- Added:
- Jan 13, 2026
- Days on Market:
- 122
- Last Refresh:
- May 15 at 11:06 pm
Property Features for 1620 TAMIAMI TRAIL
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- CG
- Standard status
- Active
- APN
- 402208301002
- Size
- 49,172 SF
- Lot size
- 3.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 44138.39
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1992
- Building materials
- Brick
- Architectural style
- Other
Listing agent Lee Brewer License #0681592 (941) 724-3448
Listing office RE/MAX ALLIANCE GROUP 2000 Webber Street, Sarasota, FL (941) 954-5454
Listing date Jan 13, 2026
MLS# A4678191
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
- Prime location in the heart of the Murdoch Business Center, surrounded by a mix of business, retail, and industrial enterprises.
- Extensive capital improvements, including upgraded HVAC, fire/sprinkler systems, plumbing, elevator, and rooftop.
- Multiple finished office suites on ground, second, and third floors, configurable to meet tenant needs.
- Iconic architectural design and meticulously maintained building.
- Ample ground‑level parking for tenants and visitors.
- Camera surveillance at lobby and stairwell access points.
Overview
This distinctive four-story Class B office building, characterized by its red brick and glass exterior, is situated in the heart of the Murdoch Business Center in Port Charlotte. Constructed in 1992, the property's iconic architectural design distinguishes it from others in the market. The building has undergone extensive capital improvements, including upgraded HVAC and chiller systems with computerized controls, replaced and modernized fire and sprinkler systems, plumbing upgrades, and a fully updated elevator with enhanced safety features, upgraded rooftop with new drains, renovated balconies, camera surveillance at lobby and stairwell access points, refreshed paint throughout, and newly carpeted common areas. The property, meticulously maintained, is surrounded by a mix of business, retail, and industrial enterprises, offering visibility and convenience for companies. Ample ground-level parking provides easy access. The ground, second, and third floors offer multiple finished office suites that can be configured to meet tenant needs. Each floor features public restrooms and a shared kitchen area, with select offices offering private restrooms and dedicated kitchen or breakroom facilities. An adjoining, separately constructed bank building enhances the versatility and appeal of this office complex. The property is zoned CG and has a lot size of 3.24 acres. The building has a property size of 49172 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$6.76M
NOI $608,592 @ 9.00% cap · cautious / downside scenario
Moderate
$8.69M
NOI $608,592 @ 7.00% cap · market / base-case scenario
Aggressive
$12.17M
NOI $608,592 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.06M | $21.60 |
| − Vacancy | −$250.7k | −$5.10 |
| EGI | $811.5k | $16.50 |
| − OpEx | −$202.9k | −$4.13 |
| NOI | $608.6k | $12.38 |
49,172 SF · lease $21.60/SF/yr · vacancy 23.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$8.69M
$7.61M – $10.14M
NOI $608,592 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.10M
$14.09M – $18.78M
NOI $1,127,022 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Ideal Retirement Solutions
Financial Advisor
Health Florida
Insurance Agency
Message In A Bottle Weddings ...
Wedding Service
Klein David M ...
Physician
CAM Transfer
Bank
Location Insight
- Map
- Local Demand
- City
- Port Charlotte
- County
- Charlotte
- State
- Florida
- Longitude
- -82.137727
- Latitude
- 27.009923
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Four-story office building in Murdoch Business Center, Port Charlotte.
Where is this office building located?
The property is located at 1620 TAMIAMI TRAIL Port Charlotte, FL.
What is the asking price?
The asking price for this property is $9,995,000.
What are key features of this property?
This property features: Prime location in the heart of the Murdoch Business Center, surrounded by a mix of business, retail, and industrial enterprises.; Extensive capital improvements, including upgraded HVAC, fire/sprinkler systems, plumbing, elevator, and rooftop.; Multiple finished office suites on ground, second, and third floors, configurable to meet tenant needs.
