Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    970 Kings Hwy Punta Gorda, FL 33980

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $42,460

    Move-in ready office suite in a rapidly growing area.

    Lot size:
    0.25 Acres

    Property Features for 970 Kings Hwy

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.25 Acres

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Margeaux Mccarthy
    Source: Elliman

    Listing Agency: Re/Max Harbor Realty Listing Agent: Margeaux Mccarthy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Finished Office Suite For Rent

    This 1,930± SF office suite is located along the rapidly expanding Kings Highway corridor. The layout is move-in-ready and suitable for medical, executive, or professional use. The suite features a welcoming lobby with built-in reception, multiple private offices or exam rooms, and two restrooms. Ample parking is available. The property offers excellent visibility and easy access to I-75 and Veterans Boulevard. It is situated in one of Port Charlotte’s most active and growing areas, surrounded by new medical, retail, and residential developments, making it suitable for a business seeking a polished presence in a thriving professional district.
    Location Intelligence

    Current Use by Public Records

    Sensitive Dentistry Dental Office Todd Lang Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    New Hope Pet Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.052765
    Latitude
    27.014494

    Nearby Similar for Lease

    • New
      $16 SF/Yr
      1,140 SF

      PUNTA GORDA Retail Space

      Retail space in popular Deep Creek Commons Plaza.
      24901 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • New
      $700 /Mo
      10,536 SF

      Downtown Punta Gorda Executive Suites

      Executive office suites in the heart of Downtown Punta Gorda.
      252 W Marion Ave, Punta Gorda, FL 33950
      View Details
    • $19 SF/Yr
      1,000 SF

      PUNTA GORDA Flex Space

      Flex space with office and garage in Sandhill Garden Park.
      24690 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • $16 SF/Yr
      6,996 SF

      Versatile Mixed-Use Space For Rent

      Adaptable commercial space in a prime location, suitable for various businesses.
      4694 Tamiami Trl, Punta Gorda, FL 33980
      View Details
    • Contact for pricing
      7,645 SF

      Versatile Commercial Space in Punta Gorda

      Commercial space for rent in the heart of Punta Gorda.
      401 E Olympia Ave, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      38,333 SF

      Punta Gorda Physical Therapy Space

      Move-in ready physical therapy space in premier medical building.
      315 E Olympia Ave, Punta Gorda, FL 33950
      View Details
    • $20 SF/Yr
      6,120 SF

      Punta Gorda Move-In Ready Office

      Functional 1,650 SF office space in a desirable commercial area.
      2421 Shreve St, Punta Gorda, FL 33950
      View Details
    • $18 SF/Yr
      9,708 SF

      Versatile Retail Space Near I-75

      Divisible 9,060 SF retail space with ample parking.
      10169 Tamiami Trl, Punta Gorda, FL 33950
      View Details
    • $15 SF/Yr
      5,248 SF

      PUNTA GORDA Flex Space

      2400 SF leasable space in high-traffic location.
      24420 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • $1,000 /Mo
      10,463 SF

      Furnished Office Space Near Waterfront

      Move-in ready office space with flexible lease terms and amenities.
      1203 W Marion Ave, Punta Gorda, FL 33950
      View Details
    • $15 SF/Yr

      Versatile Retail Space For Rent

      Spacious commercial property with flexible zoning and ample parking.
      10175 South Tamiami Trl, Punta Gorda, FL 33950
      View Details
    • $34 SF/Yr

      Retail Space in Fishermen's Village

      Retail spaces in a vibrant waterfront destination, Fishermen's Village.
      1200 W Retta Esplanade, Punta Gorda, FL 33950
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready office suite in a rapidly growing area.
    Where is this medical office space located?
    The property is located at 970 Kings Hwy Punta Gorda, FL.
    What is the lease rate?
    The lease rate is $42,460.
    What are key features of this property?
    This property features: - Move-in-ready, beautifully finished 1,930± SF office suite ideal for medical, executive, or professional use.; - Excellent visibility along the rapidly expanding Kings Highway corridor.; - Easy access to I-75 and Veterans Boulevard.
    (401) 688-0822
    Request Owner's contact information
    970 Kings Hwy Punta Gorda, FL 33980
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    970 Kings Hwy
    Punta Gorda, FL 33980
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    970 Kings Hwy Punta Gorda, FL 33980
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Margeaux Mccarthy
    Real Estate License ID: 3352338
    (401) 688-0822 (941) 639-8500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!