Fully Occupied
For Sale
$419,900
1061+1065 NOMAD Road, Punta Gorda, FL 33983
MULTI_FAMILY - PUNTA GORDA, FL
Property Size2,132 SF
Lot Size0.49 Acres
Price / SF$196.95
Days on Market146
Property Features for 1061+1065 NOMAD Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF15
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Dining Room, Bedroom 4
Pets allowed
Cats OK, Dogs OK
Interior features
Living Room/Dining Room Combo, Primary Bedroom Main Floor
Exterior features
Sidewalk
Subdivision
PUNTA GORDA ILSES SEC 23
Elementary school
Deep Creek Elementary
Middle school
Punta Gorda Middle
High school
Port Charlotte High
Directions
Kings Hiway south to Sandhil Blvd. Turn left. Turn right onto Nomad. Property on the right.
Standard status
Active
APN
402309129006
Size
2,132 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PGI 023 0645 0003 PUNTA GORDA ISLES SECTION 23 BLOCK 645 LOT 3 780/1350 2194/1353 2939/1134 3414/1276 3468/1173 4864/185
Tax Annual Amount
6859
Legal Description
PGI 023 0645 0003 PUNTA GORDA ISLES SECTION 23 BLOCK 645 LOT 3 780/1350 2194/1353 2939/1134 3414/1276 3468/1173 4864/185
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Building materials
Block
Roof type
Metal
Listing Agency:
REMAX LANDMARK · RE/MAX International
(863) 722-0523
Listed By:
Akos Jankura · License #3497223
(727) 773-7829
Added: Mar 20
Changed: Jul 20
Last Checked: Aug 12 at 2:06PM
MLS# C7523770
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.
Well-maintained duplex in the Deep Creek community, offered fully occupied with both sides currently rented. Each unit is a 2-bedroom, 2-bathroom layout with approximately 1,065 square feet of living space, central air, updated interiors, and functional floor plans. Additional in-unit features include private lanais, in-unit laundry hookups, and attached garage spaces for each side.
The property is located in Punta Gorda, within Charlotte County, and is zoned RMF15. Public remarks indicate the duplex is just minutes from I-75 as well as nearby shopping, dining, and local amenities.
With both units leased, the asset provides immediate rental income, while the configuration may support longer-term flexibility for an owner-occupant scenario down the road.
The property is located in Punta Gorda, within Charlotte County, and is zoned RMF15. Public remarks indicate the duplex is just minutes from I-75 as well as nearby shopping, dining, and local amenities.
With both units leased, the asset provides immediate rental income, while the configuration may support longer-term flexibility for an owner-occupant scenario down the road.
Key Highlights
- Fully occupied duplex with both sides currently rented at 1061 Nomad Rd
- Two 2‑bedroom, 2‑bath units, each with approximately 1,065 SF of living space
- Central heating and central air in each unit
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
$20,624
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
4.91%
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%
$412,480
$412.5K
Cap Rate 7%
$294,629
$294.6K
Cap Rate 9%
$229,156
$229.2K
Market Conditions
NOI Build-Up for 2,132 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
$36.3K $17.04/SF
− Vacancy
−$6.9K −$3.22/SF
EGI
$29.5K $13.82/SF
− OpEx
−$8.8K −$4.15/SF
NOI
$20.6K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /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%
$412,480
Cap Rate 7%
$294,629
Cap Rate 9%
$229,156
Alternative Uses
Best Use
Multifamily LT 5
$294.6K
$257.8K – $343.7K
NOI $20,624 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$268.9K
$235.3K – $313.7K
NOI $18,823 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$698.1K
$610.8K – $814.4K
NOI $48,865 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily 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?
Duplex - Duplex with two rented 2-bedroom, 2-bath units, each with central air, private lanais, laundry hookups, and attached garages.
Where is this duplex located?
The property is located at 1061+1065 NOMAD Road Punta Gorda, FL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Fully occupied duplex with both sides currently rented at 1061 Nomad Rd; Two 2‑bedroom, 2‑bath units, each with approximately 1,065 SF of living space; Central heating and central air in each unit
