8-Unit Apartment
1215 CAPRICORN Boulevard, Punta Gorda, FL 33983
For Sale
$1,599,000
Residential Income, PUNTA GORDA, FL
Property Size8,664 SF
Lot Size0.78 Acres
Price / SF$184.56
Days on Market375
Property Features for 1215 CAPRICORN Boulevard
General Information
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Parking features
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Patio and Porch features
Pets allowed
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Middle school
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Directions
Standard status
APN
Size
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Building Details
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Listing Agency:
RE/MAX PALM REALTY · RE/MAX International
(941) 743-5525
Listed By:
Bryan French · License FL #657517
(941) 661-1183
Added: Oct 31, 2025
Changed: Nov 7
Last Checked: Nov 9 at 7:06PM
MLS# C7516987
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.
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Investment Insights
Based on property information with market context.
Located at 1215 Capricorn Boulevard in Punta Gorda, this 8-unit apartment property is under construction on a 0.78-acre site. The 8,664-square-foot development is planned with eight two-bedroom, one-bath residences, each measuring approximately 1,083 square feet. Interior specifications include ceramic tile flooring, granite countertops, stainless steel appliances, cabinetry, hurricane-impact windows, and tankless water heaters.
The property carries RMF15 zoning and is served by public water and public sewer. Central heating and cooling, block construction, shingle roofing, porches, driveway parking, and exterior lighting are included. Permits are transferable to the new owner, and the seller/builder is available to assist with the remaining completion work under mutually acceptable terms. The project is situated in the Deep Creek area of Punta Gorda, Florida.
The property carries RMF15 zoning and is served by public water and public sewer. Central heating and cooling, block construction, shingle roofing, porches, driveway parking, and exterior lighting are included. Permits are transferable to the new owner, and the seller/builder is available to assist with the remaining completion work under mutually acceptable terms. The project is situated in the Deep Creek area of Punta Gorda, Florida.
Key Highlights
- 8‑unit apartment development with 8,664 square feet of property size
- Eight 2‑bedroom, 1‑bath units with approximately 1,083 sq. ft. each
- 0.78‑acre site in the Deep Creek area of Punta Gorda
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,491
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,820
$1.5M
Cap Rate 7%
$1,092,729
$1.1M
Cap Rate 9%
$849,900
$849.9K
Market Conditions
NOI Build-Up for 8,664 SF
Gross rent
$173.6K $20.04/SF
− Vacancy
−$34.6K −$3.99/SF
EGI
$139.1K $16.05/SF
− OpEx
−$62.6K −$7.22/SF
NOI
$76.5K $8.83/SF
Area
Charlotte County, FL
Vacancy
19.90%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,820
Cap Rate 7%
$1,092,729
Cap Rate 9%
$849,900
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 authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
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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
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Market
Properties on Market for Apartment buildings in Punta Gorda
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Nearly finished RMF15 multifamily development with two-bedroom layouts, modern interiors, and transferable permits.
Where is this apartment building located?
The property is located at 1215 CAPRICORN Boulevard 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: 8‑unit apartment development with 8,664 square feet of property size; Eight 2‑bedroom, 1‑bath units with approximately 1,083 sq. ft. each; 0.78‑acre site in the Deep Creek area of Punta Gorda
