Furnished Office Suite in Port
For Sale
$325,000
17827 Murdock Circle Port, Port Charlotte, FL 33948
Move-in ready, 1,071 SF office suite in Murdock Professional Center.
Property Size1,071 SF
Price / SF$303.45
Days on Market140
Property Features for 17827 Murdock Circle Port
General Information
Standard status
Active
Size
1,071 SF
Property subtype
Office
Zoning
CG
Amenities
1,071 SF professional office suite
Three private offices plus conference room
Reception area with built-in front desk
Kitchenette for staff use
Offered fully furnished
Move-in ready condition
Located within Murdock Professional Center
Ideal for medical, administrative, or professional services users
Building Details
Building Size
1,071 SF
Year Built
2005
Listing Agency:
RE/MAX
(401) 688-0822
Listed By:
Margeaux McCarthy · License #SL3352338
Source:
Remaxcommercial
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 8 at 6:52AM
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 RE/MAX
Investment Insights
Based on property information with market context.
Located within the established Murdock Professional Center, this 1,071 SF office suite is suitable for various professional users. The fully built-out layout includes three private offices, a conference room, a lobby with a reception desk, and a kitchenette. The suite is offered furnished, allowing for immediate occupancy. The layout is designed for both client-facing businesses and internal team operations. Situated in Port Charlotte’s Murdock corridor, the property is in a growing commercial and residential area. The surrounding area experiences development activity, driven by expanding rooftops, healthcare growth, and retail expansion. Murdock serves as a central business district for Charlotte County, anchored by retailers, medical facilities, and government services. With access to US-41 and I-75, the location offers connectivity and traffic, making it an attractive destination for businesses and clients. It is ideal for medical, administrative, or professional services users.
Key Highlights
- Move‑in ready and fully furnished 1,071 SF office suite for immediate occupancy.
- Prime location in the heart of Port Charlotte's rapidly growing Murdock corridor with convenient access to US‑41 and I‑75.
- Functional layout includes three private offices, a dedicated conference room, reception area, 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
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 units - Move-in ready, 1,071 SF office suite in Murdock Professional Center.
Where is this office units located?
The property is located at 17827 Murdock Circle Port 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: Move‑in ready and fully furnished 1,071 SF office suite for immediate occupancy.; Prime location in the heart of Port Charlotte's rapidly growing Murdock corridor with convenient access to US‑41 and I‑75.; Functional layout includes three private offices, a dedicated conference room, reception area, and kitchenette.
