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    1242 Market Cir, Unit B9 Port Charlotte, FL 33953

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    14,128 SF industrial building in Charlotte County's Murdock Circle.

    Lot size:
    1.00 Acre

    Property Features for 1242 Market Cir

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Year built
    1987

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    Listing Contact
    Robert Amick
    Source: Elliman

    Listing Agency: AMICK REALTY, INC. Listing Agent: Robert Amick

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

    Learn more

    Overview

    Murdock Circle Industrial Building

    This 14,128 square-foot industrial building is located in Murdock Circle in Charlotte County. Situated on almost 1 acre, the building features 14-foot-high ceilings and clear span floor space. The entire warehouse and 1,260 square feet of office space have a central HVAC system and are fully insulated. The warehouse includes eight overhead doors for loading and unloading. There are 48 parking spaces available. The property is fully fenced for security and has quick access to 41. The building was built in 1987 and has been well-maintained. The lot size is 43,560 square feet. The property has Single Phase 240 Power. The building is located near the Charlotte County line and North Port.
    Location Intelligence

    Current Use by Public Records

    Anthony Speid Auto ... Auto Repair Shop Design Metal Creations Steelwork Design Service CLEAN EARTH WATER ... Home Appliance Store Moved Construction Company Triton Septic Systems Construction Company

    Suggested Use

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

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

    Similar Places Nearby

    Extra Space Storage, Murdock Self Storage, Home Star Storage - Port Charlotte, Extra Space Storage, 𝗣𝗼𝗿𝘁 𝗖𝗵𝗮𝗿𝗹𝗼𝘁𝘁𝗲 𝗠𝗼𝘃𝗲𝗿𝘀 - 𝗟𝗼𝗰𝗮𝗹 𝗠𝗼𝘃𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.150136
    Latitude
    27.012746

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    FAQs

    What type of property is this?
    Warehouse - 14,128 SF industrial building in Charlotte County's Murdock Circle.
    Where is this warehouse located?
    The property is located at 1242 Market Cir, Unit B9 Port Charlotte, FL.
    What are key features of this property?
    This property features: - Rare standalone industrial building in Charlotte County's Murdock Circle.; - Excellent location near Charlotte County line and North Port, with quick access to 41.; - Large 14,128 sq ft building on almost 1 acre.
    (941) 628-9131
    Request Owner's contact information
    1242 Market Cir, Unit B9 Port Charlotte, FL 33953
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    Port Charlotte, FL 33953
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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
    1242 Market Cir, Unit B9 Port Charlotte, FL 33953
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    We can help!
    Listing Contact
    Robert Amick
    Real Estate License ID: 274501721
    (941) 628-9131 (941) 639-9212
    Learn more
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