Flex Space with Overhead
For Sale
$199,000
19800 VETERANS Boulevard, Port Charlotte, FL 33954
Commercial Sale, PORT CHARLOTTE, FL
Property Size1,150 SF
Lot Size0.12 Acres
Price / SF$173.04
Days on Market106
Property Features for 19800 VETERANS Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IG
Subdivision
VETERANS BLVD PH 04 BLDG D
Directions
From the North: Take I-75 South to Exit 170 (Kings Hwy/Veterans Blvd). Turn right onto Veterans Blvd and continue west approximately 3 miles. The property will be located on the left at 19800 Veterans Blvd within Veterans Plaza. From the South: Take I-75 North to Exit 170 (Kings Hwy/Veterans Blvd). Turn left onto Veterans Blvd and continue west approximately 3 miles. The property will be located on the left at 19800 Veterans Blvd within Veterans Plaza.
Standard status
Active
APN
402205876040
Size
1,150 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VBC 004 000D 0008 VETERANS BLVD PH 4 BLDG D LT 8 2332/430
Tax Annual Amount
1872
Legal Description
VBC 004 000D 0008 VETERANS BLVD PH 4 BLDG D LT 8 2332/430
Utilities
Cooling system
Central Air
Building Details
Year built
2000
Building materials
Block
Listing Agency:
KW PEACE RIVER PARTNERS · Keller Williams Realty
(941) 875-9060
Listed By:
Danny Nix · License #3307013
(941) 724-0080
Added: May 11
Changed: Aug 19
Last Checked: Aug 24 at 9:06AM
MLS# C7526079
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.
Investment Insights
Based on property information with market context.
This flex-space condominium provides 1,150 square feet of industrial commercial area within a 0.12-acre site. The unit includes overhead-door access, on-site parking, central air, and block construction. Built in 2000, the property offers a practical configuration for warehouse, distribution, light industrial, contractor, or service-based operations.
The property is located at 19800 Veterans Boulevard in Port Charlotte, with access to US-41, I-75, and nearby commercial corridors. Its position along Veterans Boulevard provides visibility within an area that includes retail, industrial, and professional developments. IG zoning supports its industrial commercial classification.
The property is located at 19800 Veterans Boulevard in Port Charlotte, with access to US-41, I-75, and nearby commercial corridors. Its position along Veterans Boulevard provides visibility within an area that includes retail, industrial, and professional developments. IG zoning supports its industrial commercial classification.
Key Highlights
- 1,150 square feet of flex industrial space
- 0.12‑acre site with IG zoning
- Overhead‑door access for industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,792
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,840
$215.8K
Cap Rate 7%
$154,171
$154.2K
Cap Rate 9%
$119,911
$119.9K
Market Conditions
NOI Build-Up for 1,150 SF
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.
Gross rent
$13.8K $12.00/SF
− Vacancy
−$1.1K −$0.96/SF
EGI
$12.7K $11.04/SF
− OpEx
−$1.9K −$1.66/SF
NOI
$10.8K $9.38/SF
Area
Charlotte County, FL
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,840
Cap Rate 7%
$154,171
Cap Rate 9%
$119,911
Alternative Uses
Best Use
Warehouse
$154.2K
$134.9K – $179.9K
NOI $10,792 @ 7.0% cap · market cap 5.42%
Second Best
Flex RnD
$146.6K
$128.2K – $171.0K
NOI $10,259 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$376.5K
$329.5K – $439.3K
NOI $26,358 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33954, FL
11,040
Population
5,099
Households
2.2
Avg Household Size
52
Median Age
23%
College-Educated
92%
High-School Grad
8.6 sq mi
ZIP Area
1,284
Density / Sq Mi
$83,081
Median Household Income
$43,823
Median Earnings
$1,830
Median Rent
$304,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo with overhead-door access, central air, parking, and connectivity to US-41 and I-75.
Where is this flex space located?
The property is located at 19800 VETERANS Boulevard Port Charlotte, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,150 square feet of flex industrial space; 0.12‑acre site with IG zoning; Overhead‑door access for industrial operations
