Four-Bay Flex
For Sale
$599,900
27039 RUSHMORE Avenue, Punta Gorda, FL 33983
Commercial Sale, PUNTA GORDA, FL
Property Size2,400 SF
Lot Size0.16 Acres
Price / SF$249.96
Days on Market281
Property Features for 27039 RUSHMORE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Parking features
RV
Subdivision
HRBR HEIGHTS
Directions
I 75 NORTH -EXIT 164 AND GO RIGHT. MAKE A LEFT ON HIGHLAND AND A RIGHT ON RUSHMORE. THE PROPERTY WILL BE ON THE RIGHT.
Standard status
Active
APN
402322102001
Size
2,400 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
HBH 005 0112 0009 HARBOUR HEIGHTS SEC 5 BLK 112 LTS 9 & 10 120/450 2477/1024 2709/949 3909/1441 CD3909/1693 CD3911/552 4030/860 3285830
Tax Annual Amount
1148
Legal Description
HBH 005 0112 0009 HARBOUR HEIGHTS SEC 5 BLK 112 LTS 9 & 10 120/450 2477/1024 2709/949 3909/1441 CD3909/1693 CD3911/552 4030/860 3285830
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
1987
Building materials
Block
Roof type
Shingle
Listing Agency:
KW PEACE RIVER PARTNERS · Keller Williams Realty
(941) 875-9060
Listed By:
Denise Galloway, PA · License #3246940
(661) 312-4531
Added: Dec 8, 2025
Changed: Sep 12
Last Checked: Sep 15 at 2:06AM
MLS# C7517995
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 2,400-square-foot flex property is a concrete block building constructed in 1987 on a 0.16-acre corner lot. The structure includes four garage bays with 8-foot and 12-foot overhead doors, 50-amp electrical service on both sides, and a half bath for each side. The right-hand section adds a loft that can serve as office or storage space, while spray foam insulation supports the building envelope.
Located in Punta Gorda, the property has public water and a septic tank. Its CG zoning, RV parking feature, dual-sided configuration, and overhead access support a range of commercial, workshop, warehouse, vehicle-storage, and small-business applications.
Located in Punta Gorda, the property has public water and a septic tank. Its CG zoning, RV parking feature, dual-sided configuration, and overhead access support a range of commercial, workshop, warehouse, vehicle-storage, and small-business applications.
Key Highlights
- 2,400 SF concrete block flex building on a 0.16‑acre corner lot
- Four garage bays with 8‑foot and 12‑foot overhead doors
- 50‑amp electrical service and a half bath on both sides
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
$22,522
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
3.75%
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%
$450,440
$450.4K
Cap Rate 7%
$321,743
$321.7K
Cap Rate 9%
$250,244
$250.2K
Market Conditions
NOI Build-Up for 2,400 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
$28.8K $12.00/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$26.5K $11.04/SF
− OpEx
−$4.0K −$1.66/SF
NOI
$22.5K $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%
$450,440
Cap Rate 7%
$321,743
Cap Rate 9%
$250,244
Alternative Uses
Best Use
Warehouse
$321.7K
$281.5K – $375.4K
NOI $22,522 @ 7.0% cap · market cap 3.75%
Second Best
Flex RnD
$305.9K
$267.6K – $356.9K
NOI $21,411 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$785.8K
$687.6K – $916.8K
NOI $55,008 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33983, FL
16,124
Population
9,114
Households
1.8
Avg Household Size
58
Median Age
22%
College-Educated
94%
High-School Grad
10.6 sq mi
ZIP Area
1,521
Density / Sq Mi
$67,705
Median Household Income
$36,748
Median Earnings
$1,357
Median Rent
$324,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Concrete block commercial building with overhead access, electrical service, and adaptable workspace for storage or business operations.
Where is this flex space located?
The property is located at 27039 RUSHMORE Avenue Punta Gorda, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,400 SF concrete block flex building on a 0.16‑acre corner lot; Four garage bays with 8‑foot and 12‑foot overhead doors; 50‑amp electrical service and a half bath on both sides
