Downtown Punta Gorda Office
128 W CHARLOTTE Ave Punta Gorda, FL 33950
For Sale
$1,100,000
Pending
Professional office building in downtown Punta Gorda with flexible space.
Property Size4,917 SF
Days on Market97
Property Features for 128 W CHARLOTTE Ave
General Information
Standard status
Pending
Size
4,917 SF
Property subtype
Commercial
Building Details
Year Built
1953
Listing Agency:
Coldwell Banker Schmidt Family Of Companies
(941) 815-0586
Listed By:
Sharon Neuhofer
(941) 815-0586
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 9:16AM
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 Schmidt Family Of Companies
Investment Insights
Based on property information with market context.
This established professional office building, located in downtown Punta Gorda, offers approximately 4,917 square feet of commercial space. The interior layout includes multiple private offices, a conference room, a reception area, a kitchen/break room, three restrooms, and several large multi-use areas. The property provides parking on three sides, as well as convenient street parking. The building has quick access to US-41 and is in immediate proximity to downtown businesses, restaurants, waterfront parks, and civic amenities. The location offers connectivity and convenience. The property is zoned City Center District, allowing for a range of commercial uses. The building is located in a sought-after commercial corridor. The location has a bike score of 70, indicating it is very bikeable, and a walk score of 53, indicating it is somewhat walkable. This property is designed to adapt to a variety of business needs and is suitable for professional, medical, and service-oriented users.
Key Highlights
- Prime downtown Punta Gorda location offering high visibility and accessibility.
- Flexible 4,917± sq ft commercial space adaptable to various business needs.
- Ample parking on three sides of the building plus street parking.
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 | $106.2k | $21.60 |
| − Vacancy | −$25.1k | −$5.10 |
| EGI | $81.1k | $16.50 |
| − OpEx | −$20.3k | −$4.13 |
| NOI | $60.9k | $12.38 |
4,917 SF · lease $21.60/SF/yr · vacancy 23.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$869.4K
$760.7K – $1.01M
NOI $60,857 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,698 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Professional office building in downtown Punta Gorda with flexible space.
Where is this office building located?
The property is located at 128 W CHARLOTTE Ave Punta Gorda, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime downtown Punta Gorda location offering high visibility and accessibility.; Flexible 4,917± sq ft commercial space adaptable to various business needs.; Ample parking on three sides of the building plus street parking.
