Multi-Tenant Office Building For
17801 MURDOCK CIRCLE C Port Charlotte, FL 33948
17801 MURDOCK CIRCLE C, Port Charlotte, FL, 33948
$1,299,000
For Sale
$1,299,000
Well-maintained office building with income and value-add potential.
Property Size5,850 SF
Price / SF$222.05
Days on Market439
Property Features for 17801 MURDOCK CIRCLE C
General Information
- Standard status
- Active
- Size
- 5,850 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2004
Listing Agency
RIVERSIDE REALTY SERVICES LLC
(941) 628-0191
Listed by
Andy Richardson · License #687519
(941) 628-0191
Source
Exitrealty
Added: May 6, 2025 Checked: Jul 17 at 5:37 am
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 multi-tenant office building offers an investment opportunity with a total leasable area of approximately 5,850 square feet. The single-story building is well-maintained, featuring a metal roof, landscaping, and on-site parking, as well as a parking easement for 9 spaces in the adjacent parking lot. The property also includes approximately 1,600 square feet of divided second-floor storage with entry points for units A & C. The current occupancy is 79%. One tenant in Suite C, containing 1,700 square feet, is leaving. However, the law firm that was part of developing the property in Suite A containing 2,900 square feet is staying. The property is zoned Commercial General. Located near major highways and local amenities, the building is in proximity to the County Administration Buildings, Charlotte County Schools Administration Building, the local mall, Wal-Mart, as well as many other national retailers and restaurants. The property is suitable for investors seeking a well-maintained building in a great location, but also available to an owner occupant who would benefit from an office as well as rental income. There is an opportunity for value-add through new leasing.
Key Highlights
- Well‑maintained building in a desirable commercial location near major highways, government buildings, retail, and restaurants.
- Opportunity for value‑add through leasing the vacant 1,700 s.f. Suite C.
- Existing tenant in Suite A (2,900 s.f.) is a law firm that was part of developing the property.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Michael M. Wilson
Law Firm
Leontitsis Carrie M
Law Firm
Olmsted & Wilson PA
Law Firm
Wunder Jay CPA
Accounting Firm
Fouchia Carrie M
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Well-maintained office building with income and value-add potential.
Where is this office building located?
The property is located at 17801 MURDOCK CIRCLE C 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: Well‑maintained building in a desirable commercial location near major highways, government buildings, retail, and restaurants.; Opportunity for value‑add through leasing the vacant 1,700 s.f. Suite C.; Existing tenant in Suite A (2,900 s.f.) is a law firm that was part of developing the property.
