Medical Office Condo For
For Sale
$175,000
2400 HARBOR BOULEVARD 10, Port Charlotte, FL 33952
Medical office condo available in Parkside Medical District.
Property Size999 SF
Lot Size0.14 Acres
Price / SF$175.18
Days on Market1302
Property Features for 2400 HARBOR BOULEVARD 10
General Information
Standard status
Active
Size
999 SF
Lot size
0.14 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,874
Building Details
Year Built
1977
Listing Agency:
COLDWELL BANKER SUNSTAR REALTY
(941) 724-0080
Listed By:
Danny Nix · License #3307013
(941) 724-0080
Source:
Exitrealty
Added: Jan 30, 2023
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
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 COLDWELL BANKER SUNSTAR REALTY
Investment Insights
Based on property information with market context.
A 999-square-foot medical office condo is available for sale in the Parkside Medical District. The property is located near ShorePoint Health Port Charlotte and Fawcett. The layout includes a reception area with a waiting room, three wet exam rooms, a large private office, and a breakroom or nurses station. A private storage area is also included.
Key Highlights
- Located in the heart of the Parkside Medical District, next to ShorePoint Health Port Charlotte and Fawcett.
- Medical Office Condo space.
- Reception area with waiting room.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,969
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$279,380
$279.4K
Cap Rate 7%
$199,557
$199.6K
Cap Rate 9%
$155,211
$155.2K
Market Conditions
NOI Build-Up for 999 SF
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.
Gross rent
$26.0K $26.04/SF
− Vacancy
−$2.7K −$2.73/SF
EGI
$23.3K $23.31/SF
− OpEx
−$9.3K −$9.32/SF
NOI
$14.0K $13.98/SF
Area
Charlotte County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$279,380
Cap Rate 7%
$199,557
Cap Rate 9%
$155,211
Alternative Uses
Best Use
Healthcare Medical
$199.6K
$174.6K – $232.8K
NOI $13,969 @ 7.0% cap · market cap 7.98%
Second Best
Office B
$176.6K
$154.6K – $206.1K
NOI $12,364 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,897 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,455
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33952, FL
32,084
Population
17,682
Households
1.8
Avg Household Size
52
Median Age
20%
College-Educated
88%
High-School Grad
11.0 sq mi
ZIP Area
2,917
Density / Sq Mi
$56,117
Median Household Income
$33,999
Median Earnings
$1,249
Median Rent
$224,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo available in Parkside Medical District.
Where is this medical office space located?
The property is located at 2400 HARBOR BOULEVARD 10 Port Charlotte, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Located in the heart of the Parkside Medical District, next to ShorePoint Health Port Charlotte and Fawcett.; Medical Office Condo space.; Reception area with waiting room.
