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    1200 W Retta Esplanade Punta Gorda, FL 33950

    Sponsored
    Source: https://svn.com
    For Sale
    Contact for pricing

    Fishermen's Village Unique Opportunity For Sale

    Property size:
    85,549 SF

    Property Features for 1200 W Retta Esplanade

    General Information

    Property type
    Shopping centers
    Square Feet
    85,549 SF
    Elevators
    N/A

    Building Details

    Year Built
    1979

    Overview

    Fishermen's Village Retail Opportunity

    Fishermen's Village in Punta Gorda, Florida, presents a unique opportunity as a thriving activity and cultural hub. This waterfront destination features a mix of shops, restaurants, and entertainment venues, attracting a diverse customer base year-round. The layout is designed to maximize engagement, with pathways weaving through boutiques, restaurants, and experiences. Fishermen's Village hosts a dynamic calendar of events, from art exhibitions to live performances. The location offers waterfront restaurants, suites, and a marina. The Suites at Fishermen's Village consist of 47 recently renovated units. The marina has 142 wet slips with 3,000 square feet of accessory uses. Boats can be docked for quick shopping and dining via a courtesy dock or extended stays. Fishermen's Village is located along Charlotte Harbor and benefits from a diverse customer base. Businesses can engage with audiences attending events like the Fourth of July celebration, Key Lime Festival, and Lighting of the Village. The opening of Sunseeker Resort across the river in November 2023 provides a new customer base. It offers quick commutes to the Punta Gorda Airport (PGD), I-75, and US 41, with Naples and Tampa reachable in 1.5 hours. The property size is 85,549 PropertySizeUnits.

    We can help!

    Listing Contact
    Ashley Barrett Bloom

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Smugglers Culinary Catering Take-out & Catering Sea Spirit (Bike/Boat/Book/etc) Store Nichole's Collections Clothing & Fashion Store Bijoux (Bike/Boat/Book/etc) Store Smuggler’s Enterprises, Inc. Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    State
    Florida
    Longitude
    -82.0626448
    Latitude
    26.9277815

    Nearby Comparable

    • Contact for pricing
      85,549 SF

      Fishermen's Village

      Fishermen's Village Unique Opportunity
      1200 W Retta Esplanade, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      85,549 SF

      Fishermen's Village: Waterfront Gem

      Punta Gorda, FL: Marina, Hotel, Retail
      1200 Retta Esplanade, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      85,549 SF

      Waterfront Retail and Dining Destination

      Prime waterfront location with shopping, dining, and entertainment venues.
      1200 W Retta Esplanade, Punta Gorda, FL 33950
      View Details
    • $1,350,000
      1.98 Acres

      Punta Gorda Residential Land

      1.98 acres, prime location, development potential.
      925 Marion Ave, Punta Gorda, FL 33950
      View Details
    • $300,000

      Land For Sale

      Land available for sale.
      610 Trabue Ave, Punta Gorda, FL 33950
      View Details
    • $2,200,000
      0.85 Acres

      Waterfront Redevelopment Opportunity in Punta Gorda

      Harborfront land parcel ideal for redevelopment in historic Punta Gorda.
      1710 Jamaica Way, Punta Gorda, FL 33950
      View Details
    • $2,200,000
      0.85 Acres

      Harborfront Redevelopment Opportunity in Punta Gorda

      Rare harborfront parcel in Punta Gorda's historic district.
      1710 Jamaica Way, Punta Gorda, FL 33950
      View Details

    FAQs

    What type of property is this?
    Shopping center - Fishermen's Village Unique Opportunity For Sale
    Where is this shopping center located?
    The property is located at 1200 W Retta Esplanade Punta Gorda, FL.
    (941) 961-7109
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    1200 W Retta Esplanade Punta Gorda, FL 33950
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    Punta Gorda, FL 33950
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    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
    1200 W Retta Esplanade Punta Gorda, FL 33950
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    We can help!
    Listing Contact
    Ashley Barrett Bloom
    (941) 961-7109
    Learn more
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