Furnished Office
For Sale
$325,000
Pending
17827 MURDOCK Circle, Port Charlotte, FL 33948
Commercial Sale, PORT CHARLOTTE, FL
Property Size1,071 SF
Lot Size0.35 Acres
Days on Market157
Property Features for 17827 MURDOCK Circle
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CG
Appliances
Microwave, Refrigerator
Subdivision
MURDOCK PROFESSIONAL CENTER
Lot features
Retail Condo, Street Lights
Directions
From US 41 (Tamiami Trail), head north on Cochran Boulevard, then turn right onto Murdock Circle. Follow Murdock Circle and turn into Murdock Professional Center at 17827 Murdock Circle. Unit B2 is located within the plaza.
Standard status
Pending
APN
402207701012
Size
1,071 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MUC 000 0000 002B MURDOCK PROFESSIONAL CENTER UNIT 2B 2748/592 4890/1344 4817/611 CD4849/552 CD4870/2155 3445526 CD3452460
Tax Annual Amount
3006
Legal Description
MUC 000 0000 002B MURDOCK PROFESSIONAL CENTER UNIT 2B 2748/592 4890/1344 4817/611 CD4849/552 CD4870/2155 3445526 CD3452460
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Flooring type
Vinyl
Building materials
Concrete
Listing Agency:
RE/MAX HARBOR REALTY · RE/MAX International
(941) 639-8500
Listed By:
Margeaux McCarthy · License #SL3352338
(401) 688-0822
Added: Mar 29
Changed: Aug 24
Last Checked: Sep 1 at 8:06AM
MLS# C7524202
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,071-square-foot office suite is furnished and configured for professional operations. The interior includes three private offices, a dedicated conference room, a lobby with reception desk, and a kitchenette. Vinyl flooring and central air support the existing office build-out, while the concrete construction dates to 2005.
The suite is located within Murdock Professional Center at 17827 MURDOCK Circle in Port Charlotte. The property carries CG zoning and includes public water, public sewer, and available electricity. On-site appliances include a microwave and refrigerator.
The suite is located within Murdock Professional Center at 17827 MURDOCK Circle in Port Charlotte. The property carries CG zoning and includes public water, public sewer, and available electricity. On-site appliances include a microwave and refrigerator.
Key Highlights
- 1,071 SF furnished office suite
- Three private offices and a dedicated conference room
- Lobby with reception desk and kitchenette
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
$13,256
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
4.08%
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%
$265,120
$265.1K
Cap Rate 7%
$189,371
$189.4K
Cap Rate 9%
$147,289
$147.3K
Market Conditions
NOI Build-Up for 1,071 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
$23.1K $21.60/SF
− Vacancy
−$5.5K −$5.10/SF
EGI
$17.7K $16.50/SF
− OpEx
−$4.4K −$4.13/SF
NOI
$13.3K $12.38/SF
Area
Charlotte County, FL
Vacancy
23.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$265,120
Cap Rate 7%
$189,371
Cap Rate 9%
$147,289
Alternative Uses
Best Use
Office B
$189.4K
$165.7K – $220.9K
NOI $13,256 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.7K
$306.8K – $409.1K
NOI $24,547 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,282
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Fully built-out space includes private offices, a conference room, reception area, and kitchenette.
Where is this office units located?
The property is located at 17827 MURDOCK Circle Port Charlotte, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,071 SF furnished office suite; Three private offices and a dedicated conference room; Lobby with reception desk and kitchenette
