Retail Space with Available
For Sale
$1,950,000
29291 TRIBUNE Boulevard, Punta Gorda, FL 33955
Commercial Sale, PUNTA GORDA, FL
Property Size7,808 SF
Lot Size1.14 Acres
Price / SF$249.74
Days on Market338
Property Features for 29291 TRIBUNE Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CG
Subdivision
TROP G A
Directions
Left off US 41 on to Tribune Blvd
Standard status
Active
APN
422302153001
Size
7,808 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TGA 008 0146 0028 TROP G A UN8 BLK146 LTS 28 29 & 30 641/1317 780/1003 893/151 2087/302 3170/320 E3255/2194 4686/1412 TGA 008 0146 0027 TROP G A UN 8 BLK146 LT 27 LESS ST RD R/W 162/543 169/571 455/481 538/380-381 538/383-385 560/1674 641/1250 647/16 73 679
Tax Annual Amount
15421
Legal Description
TGA 008 0146 0028 TROP G A UN8 BLK146 LTS 28 29 & 30 641/1317 780/1003 893/151 2087/302 3170/320 E3255/2194 4686/1412 TGA 008 0146 0027 TROP G A UN 8 BLK146 LT 27 LESS ST RD R/W 162/543 169/571 455/481 538/380-381 538/383-385 560/1674 641/1250 647/16 73 679
Utilities
Cooling system
Zoned
Building Details
Year built
2008
Floors in Building
1
Building materials
Block
Listing Agency:
REALTY ONE GROUP MVP
(800) 896-8790
Listed By:
Joanne Fultz · License #SL3449480
(937) 232-3070
Added: Sep 23, 2025
Changed: Aug 25
Last Checked: Aug 26 at 7:06AM
MLS# TB8430803
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 7,808-square-foot retail property occupies 1.14 acres and was constructed in 2008 with block materials and zoned cooling. Approximately half of the property is leased, while the remaining area is available for an owner-user or additional commercial occupancy. The existing configuration supports retail, office, and service-oriented use categories identified under the CG zoning designation.
The property is located at 29291 Tribune Boulevard in Punta Gorda’s Airport District, with access to I-75, U.S. 41, and Punta Gorda Airport described as minutes away. The site is associated with a reported traffic count of 20K+ and is positioned near residential growth areas in Charlotte County. Its combination of land area, existing improvements, and available space provides both operating occupancy and room for a second commercial user.
The property is located at 29291 Tribune Boulevard in Punta Gorda’s Airport District, with access to I-75, U.S. 41, and Punta Gorda Airport described as minutes away. The site is associated with a reported traffic count of 20K+ and is positioned near residential growth areas in Charlotte County. Its combination of land area, existing improvements, and available space provides both operating occupancy and room for a second commercial user.
Key Highlights
- 1.14‑acre site with a 7,808‑square‑foot retail property
- Approximately half leased and half available for occupancy
- CG zoning supports retail, office, and service‑oriented uses
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
$138,896
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
7.12%
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%
$2,777,920
$2.8M
Cap Rate 7%
$1,984,229
$2.0M
Cap Rate 9%
$1,543,289
$1.5M
Market Conditions
NOI Build-Up for 7,808 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
$205.2K $26.28/SF
− Vacancy
−$6.8K −$0.87/SF
EGI
$198.4K $25.41/SF
− OpEx
−$59.5K −$7.62/SF
NOI
$138.9K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
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%
$2,777,920
Cap Rate 7%
$1,984,229
Cap Rate 9%
$1,543,289
Alternative Uses
Best Use
Retail
$1.98M
$1.74M – $2.31M
NOI $138,896 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,959 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 33955, FL
10,071
Population
6,872
Households
1.5
Avg Household Size
63
Median Age
31%
College-Educated
90%
High-School Grad
78.4 sq mi
ZIP Area
128
Density / Sq Mi
$76,733
Median Household Income
$38,971
Median Earnings
$1,559
Median Rent
$321,500
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - CG-zoned commercial property with block construction, current occupancy, and space remaining for a user or additional tenant.
Where is this retail space located?
The property is located at 29291 TRIBUNE Boulevard Punta Gorda, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1.14‑acre site with a 7,808‑square‑foot retail property; Approximately half leased and half available for occupancy; CG zoning supports retail, office, and service‑oriented uses
