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

    27342-48 Mandalay Dr Punta Gorda, FL 33955

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    Land - PUNTA GORDA, FL

    Lot size:
    0.17 Acres
    Days on Market:
    188
    Last Refresh:
    Mar 12 at 6:06 pm

    Property Features for 27342-48 Mandalay Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RSF3.5
    APN
    422310209024
    Lot size
    0.17 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Irwin
    David Irwin

    eXp Realty LLC (888) 883-8509

    Listing agent David Irwin (888) 883-8509 License #3023416

    Listing date Sep 6, 2025

    MLS# C7514416 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.

    Learn more

    Property Insight Report

    Overview

    Buildable Land in Punta Gorda

    Two adjacent buildable lots, identified as Lots 24 & 25, are available for purchase in Punta Gorda, Florida. The combined area of the lots is 120x120, totaling 0.17 acres. The zoning is RSF3.5. The area is experiencing growth, with a Bucee's planned for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Auto Repair Shop Kitchen & Bath Showroom HVAC Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -81.994727
    Latitude
    26.839797

    Nearby Similar for Sale

    • $580,000
      3,375 SF

      Punta Gorda Restaurant Opportunity

      Free-standing commercial building with restaurant, apartment, and outside storage.
      4214 Duncan Rd, Punta Gorda, FL 33982
      View Details
    • $699,000
      1.70 Acres

      Turn-Key Medical Office Condo

      2,255+/- Sq. Ft. medical office condo in Punta Gorda.
      25086 E Olympia Ave, Punta Gorda, FL 33950
      View Details
    • $2,699,000
      10,000 SF

      Punta Gorda Commercial Investment Opportunity

      Commercial building in Punta Gorda, suitable for medical use.
      525 E Olympia Ave, Punta Gorda, FL 33950
      View Details
    • $2,500,000
      7,814 SF

      Seminole Lakes Country Club

      Executive golf course with dining, fitness, and recreational amenities.
      26200 Stillwater Cir, Punta Gorda, FL 33955
      View Details
    • $499,000
      2,246 SF

      Punta Gorda Commercial Warehouse Opportunity

      2,246 sq ft commercial warehouse in a prime location.
      121 E Mckenzie St, Punta Gorda, FL 33950
      View Details
    • $799,900
      1,831 SF

      Turnkey Restaurant in Punta Gorda

      Freestanding restaurant with parking in downtown Punta Gorda, Florida.
      320 Sullivan St, Punta Gorda, FL 33950
      View Details
    • $300,000
      3,120 SF

      Under Construction Garage Condos

      Garage condos under construction with premium features and customizable options.
      5225 Taylor Rd, Punta Gorda, FL 33950
      View Details
    • $3,000,000
      4,904 SF

      PUNTA GORDA Mixed-Use Opportunity

      Prime mixed-use space in a growing Florida location.
      23180 Harper Ave, Punta Gorda, FL 33980
      View Details
    • New
      $899,000
      1,800 SF

      Punta Gorda Commercial Space

      Versatile commercial building with workshop, office, and hobby shop.
      3400 Rowland Dr, Punta Gorda, FL 33980
      View Details
    • $244,900
      1,296 SF

      Punta Gorda Warehouse Condo

      Pre-construction storage units near downtown Punta Gorda.
      25155 Airport Rd, Punta Gorda, FL 33950
      View Details
    • $244,900
      1,296 SF

      New Storage Units For Sale

      Pre-construction storage units for sale in Punta Gorda, FL.
      25155 Airport Rd, Punta Gorda, FL 33950
      View Details
    • $229,900
      1,296 SF

      PUNTA GORDA Warehouse Unit

      Pre-construction storage unit for sale in Punta Gorda, FL.
      25155 Airport Rd, Punta Gorda, FL 33950
      View Details

    FAQs

    What type of property is this?
    Land - Two side-by-side lots totaling 0.17 acres, buildable.
    Where is this land located?
    The property is located at 27342-48 Mandalay Dr Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $29,900.
    What are key features of this property?
    This property features: - Two adjacent buildable lots totaling 120x120.; - Opportunity to buy now and build later.; - Located in a growing area.
    (239) 405-2537
    Request Owner's contact information
    27342-48 Mandalay Dr Punta Gorda, FL 33955
    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.
    27342-48 Mandalay Dr
    Punta Gorda, FL 33955
    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
    27342-48 Mandalay Dr Punta Gorda, FL 33955
    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

    We can help!
    Listing Contact
    David Irwin
    David Irwin
    Real Estate License ID: 3023416
    (239) 405-2537 (888) 883-8509 (239) 574-1955
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!