Multi-Tenant Single-Story Office
For Sale
Contact for pricing
17801 Murdock Cir, Port Charlotte, FL 33948
Well-maintained multi-tenant office building with three suites and on-site parking plus an easement for nine spaces.
Property Size5,850 SF
Price / SF$222.05
Days on Market456
Property Features for 17801 Murdock Cir
General Information
Standard status
Active
Size
5,850 SF
Total Parking Spaces
9
Property subtype
Office
Zoning
Commercial General
Occupancy
79%
Additional Details
Highway Access
Yes
Office Units
3
Building Details
Year Built
2004
Stories
1
Tenancy
Multi
Listing Agency:
Riverside Realty Services LLC
(941) 628-0191
Listed By:
Andy Richardson · License #FL BK687519
Source:
Crexi
Added: May 2, 2025
Changed: Jul 21
Last Checked: Jul 21 at 2:12AM
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 Riverside Realty Services LLC
Investment Insights
Based on property information with market context.
This well-maintained, multi-tenant office building is configured as three single-story suites with approximately 5,850 square feet of total leasable area. Current occupancy is 79%, with Suite C (approximately 1,700 square feet) becoming available while a law firm remains in Suite A (approximately 2,900 square feet). The property has a metal roof and is described as well maintained with good landscaping and strong curb appeal.
On-site parking is available, and there is also a parking easement for nine spaces in an adjacent parking lot. The building includes a well for irrigation, which is intended to help reduce utility expense. The property is positioned near major highways and local amenities, with nearby institutional and retail uses including county administration buildings, school administration, a local mall, and national retailers and restaurants.
This offering is suited to both investors and owner-occupiers looking for an office with rental income potential, with current leasing in place and an opportunity for new leasing following the move-out in Suite C.
On-site parking is available, and there is also a parking easement for nine spaces in an adjacent parking lot. The building includes a well for irrigation, which is intended to help reduce utility expense. The property is positioned near major highways and local amenities, with nearby institutional and retail uses including county administration buildings, school administration, a local mall, and national retailers and restaurants.
This offering is suited to both investors and owner-occupiers looking for an office with rental income potential, with current leasing in place and an opportunity for new leasing following the move-out in Suite C.
Key Highlights
- Multi‑tenant office building built in 2004 with approx. 5,850 s.f. total leasable area across three suites
- Current occupancy is 79%: Suite C (1,700 s.f.) tenant leaving; Suite A (2,900 s.f.) law firm staying
- Metal roof and well‑maintained property with good landscaping
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.4k | $21.60 |
| − Vacancy | −$29.8k | −$5.10 |
| EGI | $96.5k | $16.50 |
| − OpEx | −$24.1k | −$4.13 |
| NOI | $72.4k | $12.38 |
5,850 SF · lease $21.60/SF/yr · vacancy 23.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.03M
$905.1K – $1.21M
NOI $72,404 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.23M
NOI $134,082 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
79%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 33948, FL
17,190
Population
9,297
Households
1.8
Avg Household Size
57
Median Age
20%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
1,322
Density / Sq Mi
$60,788
Median Household Income
$33,979
Median Earnings
$1,384
Median Rent
$279,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained multi-tenant office building with three suites and on-site parking plus an easement for nine spaces.
Where is this office building located?
The property is located at 17801 Murdock Cir Port Charlotte, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Multi‑tenant office building built in 2004 with approx. 5,850 s.f. total leasable area across three suites; Current occupancy is 79%: Suite C (1,700 s.f.) tenant leaving; Suite A (2,900 s.f.) law firm staying; Metal roof and well‑maintained property with good landscaping
