Residential Income
For Sale
$410,000
17174 NIXON AVENUE, Port Charlotte, FL 33948
Central air, an open floor plan, and a full appliance package support residential use.
Property Size2,324 SF
Price / SF$176.42
Days on Market233
Property Features for 17174 NIXON AVENUE
General Information
Standard status
Active
Size
2,324 SF
Property subtype
Residential Income
Zoning
RMF10
Taxes and HOA fees
Annual Taxes
$1,326
Amenities
Central Air
Electric
Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Open Floorplan
Rain Gutters
Building Details
Year Built
2026
Listed By:
Mariana Nejamen · License #3355970
(561) 404-3306
Source:
Evrealestate
Added: Jan 14
Changed: Sep 2
Last Checked: Sep 4 at 4:21AM
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 Mariana Nejamen
Investment Insights
Based on property information with market context.
This residential income property is located at 17174 Nixon Avenue in Port Charlotte, Florida. The interior includes central air, electric systems, and an open floor plan. The appliance package consists of a dishwasher, disposal, electric water heater, microwave, range, and refrigerator.
Exterior details include rain gutters. The property is identified with RMF10 zoning and a 2026 year built. Charlotte County is listed as the county or parish. Access directions reference I-4, I-75, Toledo Blade Boulevard, El Jobean Road, Como Street, and Nixon Avenue, providing a defined route from the Orlando area to the property.
Exterior details include rain gutters. The property is identified with RMF10 zoning and a 2026 year built. Charlotte County is listed as the county or parish. Access directions reference I-4, I-75, Toledo Blade Boulevard, El Jobean Road, Como Street, and Nixon Avenue, providing a defined route from the Orlando area to the property.
Key Highlights
- RMF10 zoning
- 2026 year built
- Central air and electric systems
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
$20,518
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
5.00%
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%
$410,360
$410.4K
Cap Rate 7%
$293,114
$293.1K
Cap Rate 9%
$227,978
$228.0K
Market Conditions
NOI Build-Up for 2,324 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
$46.6K $20.04/SF
− Vacancy
−$9.3K −$3.99/SF
EGI
$37.3K $16.05/SF
− OpEx
−$16.8K −$7.22/SF
NOI
$20.5K $8.83/SF
Area
Charlotte County, FL
Vacancy
19.90%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
45.00%
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%
$410,360
Cap Rate 7%
$293,114
Cap Rate 9%
$227,978
Alternative Uses
Best Use
Apartment 5plus
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$760.9K
$665.8K – $887.8K
NOI $53,266 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
195
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Central air, an open floor plan, and a full appliance package support residential use.
Where is this residential income property located?
The property is located at 17174 NIXON AVENUE Port Charlotte, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: RMF10 zoning; 2026 year built; Central air and electric systems
