Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land For Rent Title is generated by Realmo AI

    16220 FRANKLIN AVENUE, Port Charlotte, FL 33953

    View on Map
    Claim this Listing
    For Lease
    $20,904

    Commercial land available for rent in Port Charlotte, Florida.

    Added:
    Oct 17, 2024
    Days on Market:
    594
    Last Refresh:
    Mar 16 at 9:20 am

    Property Features for 16220 FRANKLIN AVENUE

    General Information

    Standard status
    Active

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Alan Dell

    Listing agent Alan Dell License #3368015

    Listing office Star Bay Realty Corp

    Listing date Oct 17, 2024

    Source Evrealestate

    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 Star Bay Realty Corp

    HighLights

    • Built in 2021 (New Construction)
    • Located in Charlotte County
    • Convenient Directions from Murdock Circle
    • Located on Franklin Ave
    • Lot on left side
    • Located on Stratford Dr

    Overview

    Located off US-41 (Tamiami Trail) in Port Charlotte, Florida, this commercial land is situated on Franklin Avenue, accessible from Stratford Drive. The lot is located on the left side of Franklin Avenue. The County is Charlotte.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.175145
    Latitude
    27.017481

    Nearby Similar for Lease

    • $22 SF/Yr
      4,589 SF

      Medical Office in Parkside District

      Medical office space for lease near hospitals and Promenade Mall.
      2496 CARING WAY, PORT CHARLOTTE, FL 33952
      View Details
    • $20 SF/Yr
      1,071 SF

      Furnished Office Suite in Port Charlotte

      Functional 1,071 SF office suite in Murdock Professional Center.
      17827 MURDOCK CIRCLE, PORT CHARLOTTE, FL 33948
      View Details
    • $18 SF/Yr

      Port Charlotte Medical Office Space

      Medical office space available for lease in Parkside Medical District.
      2496 CARING Way, Port Charlotte, FL 33952
      View Details
    • $18 SF/Yr
      3,200 SF

      Port Charlotte Office/Retail Space

      Professional office/retail spaces available for lease in Port Charlotte, FL.
      493 BARGER DRIVE, PORT CHARLOTTE, FL 33954
      View Details
    • $1,500/Mo
      1,200 SF

      East Englewood Office Space Available

      Corner office unit in East Englewood with high visibility.
      12479 S ACCESS ROAD, PORT CHARLOTTE, FL 33981
      View Details
    • $1,200/Mo
      2,300 SF

      Port Charlotte Industrial Space Available

      2,300 sq ft industrial unit for lease in Port Charlotte.
      19800 VETERANS BOULEVARD, PORT CHARLOTTE, FL 33954
      View Details
    • $5,200/Mo
      3,408 SF

      Professional Space Ideal for Healthcare

      Sub-lease opportunity for healthcare, wellness, or medical practices.
      2484 CARING WAY, PORT CHARLOTTE, FL 33952
      View Details
    • $18 SF/Yr
      49,172 SF

      Class B Office Building

      Four-story office building in the Murdoch Business Center.
      1620 TAMIAMI TRAIL, PORT CHARLOTTE, FL 33948
      View Details
    • $20 SF/Yr
      4,193 SF

      Versatile Mixed-Use Space with Drive-Thru

      Adaptable space suitable for retail, office, or bank use.
      2672-2686 TAMIAMI TRAIL, PORT CHARLOTTE, FL 33952
      View Details
    • $1,600/Mo
      6,510 SF

      Retail Space on US41 Available

      Retail space for rent on US41 in Port Charlotte.
      119 TAMIAMI TRAIL, PORT CHARLOTTE, FL 33953
      View Details
    • $18 SF/Yr
      1,056 SF

      Bell Plaza Mixed-Use Space

      1056 SF mixed-use space in popular Port Charlotte location.
      2395 TAMIAMI TRAIL, PORT CHARLOTTE, FL 33952
      View Details
    • $17 SF/Yr
      1,044 SF

      Versatile Retail/Office Condo in Charlotte

      Adaptable 1,044 SF condo ideal for retail or office use.
      701 J C CENTER COURT, PORT CHARLOTTE, FL 33954
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for rent in Port Charlotte, Florida.
    Where is this commercial land located?
    The property is located at 16220 FRANKLIN AVENUE Port Charlotte, FL.
    What is the lease rate?
    The lease rate is $20,904.
    What are key features of this property?
    This property features: Built in 2021 (New Construction); Located in Charlotte County; Convenient Directions from Murdock Circle
    (954) 536-9292
    We can help!
    Listing Contact
    Alan Dell
    Real Estate License ID: 3368015
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    16220 FRANKLIN AVENUE, PORT CHARLOTTE, FL 33953
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!