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

    972 BISCAYNE DRIVE Port Charlotte, FL 33953

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land for sale in Port Charlotte, Florida.

    Type:Land
    Added:
    Aug 23, 2024
    Days on Market:
    612
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 972 BISCAYNE DRIVE

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Irina Evans

    Listing agent Irina Evans License #3570253

    Listing office Realty One Group MVP

    Listing date Aug 23, 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 Realty One Group MVP

    Overview

    Land Available in Port Charlotte

    Located off Biscayne Drive in Port Charlotte, Florida, this land parcel is available for sale. To reach the property, travel on Sumter Boulevard, passing Wendy's on the left in 4.4 miles, continue onto McCabe Street, and turn left onto Biscayne Drive. The destination will be on the left.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Hotel & Motel HVAC Service Barber Shop Travel Agency Pet Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.21711
    Latitude
    27.016048

    Nearby Similar for Sale

    • $499,000
      1,950 SF

      East Englewood Office Building For Sale

      1,950 SF office building on a 0.68-acre parcel.
      12267 S ACCESS ROAD, PORT CHARLOTTE, FL 33981
      View Details
    • $325,000
      1,071 SF

      Functional Office Suite in Charlotte

      Well-appointed office suite in Murdock Professional Center.
      17827 MURDOCK CIRCLE, PORT CHARLOTTE, FL 33948
      View Details
    • $900,000
      5,840 SF

      Port Charlotte Warehouse For Sale

      Warehouse property in the heart of Port Charlotte, Florida.
      23064 HARBORVIEW ROAD, PORT CHARLOTTE, FL 33980
      View Details
    • $985,000
      2,264 SF

      Commercial Warehouse in Prime Location

      6,300+ sqft warehouse with office space and ample parking.
      4415 CHURCH STREET, PORT CHARLOTTE, FL 33980
      View Details
    • $499,000

      Prime Commercial Land on US 41

      High-visibility commercial land parcel on Tamiami Trail, Port Charlotte.
      732 TAMIAMI TRAIL, PORT CHARLOTTE, FL 33953
      View Details
    • $9,995,000
      49,172 SF

      Distinctive Class B Office Building

      Four-story office building in Murdoch Business Center, Port Charlotte.
      1620 TAMIAMI TRAIL, PORT CHARLOTTE, FL 33948
      View Details
    • $424,900
      1,740 SF

      Waterfront Duplex with Gulf Access

      Luxury upgraded duplex built in 2020 with rental potential.
      2074 &AMP 2076 COMO STREET, PORT CHARLOTTE, FL 33948
      View Details
    • $315,000
      1,516 SF

      Port Charlotte Duplex Investment Opportunity

      Well-maintained duplex near beaches, shopping, and dining in Port Charlotte.
      2087 COMO STREET, PORT CHARLOTTE, FL 33948
      View Details
    • $249,000

      Prime Commercial Land Opportunity

      0.52-acre commercial parcel in high-growth area with excellent visibility.
      8576 WILTSHIRE DRIVE, PORT CHARLOTTE, FL 33981
      View Details
    • $138,000

      Commercial Land Near Tamiami Trail

      Two adjacent commercial lots in a convenient Port Charlotte location.
      17418 BRIGHTON AVENUE, PORT CHARLOTTE, FL 33954
      View Details
    • $225,000

      Turnkey Restaurant on US-41

      Established European restaurant for sale in prime location.
      2414 Tamiami Trail, Port Charlotte, FL 33952
      View Details
    • $499,990

      Prime Commercial Land on Veterans

      High-visibility commercial land suitable for warehouse or flex space development.
      20383 KENILWORTH BOULEVARD, PORT CHARLOTTE, FL 33954
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in Port Charlotte, Florida.
    Where is this land located?
    The property is located at 972 BISCAYNE DRIVE Port Charlotte, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Location: Biscayne Dr.; County: Charlotte; Directions available from Sumter Blvd. via Wendy's and McCabe St.
    (941) 302-9282
    We can help!
    Listing Contact
    Irina Evans
    Real Estate License ID: 3570253
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!