Industrial Property on Tamiami
1129 TAMIAMI TRAIL Port Charlotte, FL 33953
1129 TAMIAMI TRAIL, Port Charlotte, FL, 33953
$2,700,000
For Sale
$2,700,000
12,144 SF industrial building in prime location for sale.
Property Size12,144 SF
Lot Size0.84 Acres
Price / SF$222.33
Days on Market689
Property Features for 1129 TAMIAMI TRAIL
General Information
- Standard status
- Active
- Size
- 12,144 SF
- Lot size
- 0.84 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1977
Listing Agency
COLDWELL BANKER REALTY
(941) 268-4423
Listed by
Kayla Weiss-Bohnstedt · License #3370154
(941) 268-4423
Source
Exitrealty
Added: Aug 29, 2024 Checked: Jul 17 at 4:48 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This industrial property offers 12,144 square feet of space in a strategically advantageous location. The building features nine garage doors: four on each side, measuring 11 feet 8 inches in width and 11 feet 9 inches in height, and one at the back, measuring 8 feet 8 inches in width and 9 feet 8 inches in height. Situated on Tamiami Trail, the property benefits from a high average annual daily traffic (AADT) count of 38,000. It is located in Murdock Circle, approximately 6.4 miles from I-75. Currently, 6,384 square feet of the property is occupied by a tenant with a lease expiring on April 30, 2025.
Key Highlights
- Prime location on Tamiami Trail with high traffic (AADT 38,000)
- IG (Industrial General) zoning
- Large building size: 12,144 total SF
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.7k | $12.00 |
| − Vacancy | −$11.7k | −$0.96 |
| EGI | $134.1k | $11.04 |
| − OpEx | −$40.2k | −$3.31 |
| NOI | $93.8k | $7.73 |
12,144 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.34M
$1.17M – $1.56M
NOI $93,849 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,340 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aluminum Structures
Building Supply
Silva Premier Windows ...
Hardware & Home Improvement
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FAQs
What type of property is this?
Industrial property - 12,144 SF industrial building in prime location for sale.
Where is this industrial property located?
The property is located at 1129 TAMIAMI TRAIL Port Charlotte, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Prime location on Tamiami Trail with high traffic (AADT 38,000); IG (Industrial General) zoning; Large building size: 12,144 total SF
