Under Construction 8-Unit
1215 CAPRICORN Blvd Punta Gorda, FL 33983
1215 CAPRICORN Blvd, Punta Gorda, FL, 33983
$1,599,000
For Sale
$1,599,000
Nearly completed 8-unit complex in Deep Creek Community.
Property Size8,664 SF
Lot Size0.78 Acres
Price / SF$184.56
Days on Market130
Property Features for 1215 CAPRICORN Blvd
General Information
- Standard status
- Active
- Size
- 8,664 SF
- Lot size
- 0.78 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 2025
Listing Agency
RE/MAX Palm Realty
(941) 661-1183
Listed by
Bryan French · License #657517
(941) 661-1183
Source
Elliman
Added: Mar 10 Checked: Jul 17 at 2:55 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 RE/MAX Palm Realty
Investment Insights
Based on property information with market context.
An under-construction, 8-unit complex is available, offering an opportunity for investors or builders to complete the project. Located in the Deep Creek Community, each unit features 2 bedrooms, 1 bathroom, and 1,083 sq. ft. of living space. Kitchens are equipped with stainless steel appliances, granite countertops, and ample cabinet space. Bathrooms include large vanities with storage, lighted mirrors, and tiled tub/shower combinations. Tile flooring is installed throughout each unit. The complex also features hurricane-impact windows and tankless water heaters. The builder can complete the project, or an investor can negotiate taking over the project; a detailed breakdown of remaining items with estimated completion costs and contractor contacts is available. Permits are transferrable to the new buyer. This property represents a chance to acquire a high-demand, income-producing property.
Key Highlights
- Nearly completed 8‑unit complex: Immediate income potential upon completion.
- Transferable permits: Ensures a smooth and quick project completion process.
- Each unit features 2 bedrooms, 1 bathroom, and 1,083 sq. ft.: Ideal for attracting a wide range of renters.
Local Financial Insights For Apartment 5plus
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 | $173.6k | $20.04 |
| − Vacancy | −$34.6k | −$3.99 |
| EGI | $139.1k | $16.05 |
| − OpEx | −$62.6k | −$7.22 |
| NOI | $76.5k | $8.83 |
8,664 SF · lease $20.04/SF/yr · vacancy 19.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$956.1K – $1.27M
NOI $76,491 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,579 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Nearly completed 8-unit complex in Deep Creek Community.
Where is this apartment building located?
The property is located at 1215 CAPRICORN Blvd Punta Gorda, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Nearly completed 8‑unit complex: **Immediate income potential upon completion.**; Transferable permits: Ensures a smooth and quick project completion process.; Each unit features 2 bedrooms, 1 bathroom, and 1,083 sq. ft.: Ideal for attracting a wide range of renters.
