Tenant-Occupied Industrial Flex
18230 PAULSON DRIVE Port Charlotte, FL 33954
18230 PAULSON DRIVE, Port Charlotte, FL, 33954
$2,100,000
For Sale
$2,100,000
Fully occupied industrial flex property with warehouse space and retail sales accommodations, zoned IG by Charlotte County.
Property Size15,300 SF
Price / SF$137.25
Days on Market83
Property Features for 18230 PAULSON DRIVE
General Information
- Standard status
- Active
- Size
- 15,300 SF
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 1993
Listing Agency
RIVERSIDE REALTY SERVICES LLC
(941) 613-6616
Listed by
Steve Gant · License #274501142
Source
Xome
Added: Apr 27 Checked: Jul 18 at 3:27 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.
The Endeavor Building at 18230 Paulson Drive is a well-maintained industrial flex property combining warehouse space with functional retail sales accommodations. The building has been occupied since it was built in 1993 and is currently operated by an established distributor tenant under a long-term lease.
The property is zoned IG (General Industrial) by Charlotte County and provides immediate access to US-41 (Tamiami Trail) and SR-776 (Veterans Boulevard), supporting convenient connectivity for employees and deliveries throughout Charlotte County.
The sale is offered as tenant-occupied, with the current tenant in place through 12/31/29 and renewals available through 12/31/31.
The property is zoned IG (General Industrial) by Charlotte County and provides immediate access to US-41 (Tamiami Trail) and SR-776 (Veterans Boulevard), supporting convenient connectivity for employees and deliveries throughout Charlotte County.
The sale is offered as tenant-occupied, with the current tenant in place through 12/31/29 and renewals available through 12/31/31.
Key Highlights
- Tenant‑occupied industrial flex property with warehouse space and retail sales accommodations
- Built in 1993; long‑standing tenant Gemaire Distributors has occupied the building since it was built
- Tenant lease in place through 12/31/29, with renewal to 12/31/31
Local Financial Insights For Warehouse
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 | $183.6k | $12.00 |
| − Vacancy | −$14.7k | −$0.96 |
| EGI | $168.9k | $11.04 |
| − OpEx | −$25.3k | −$1.66 |
| NOI | $143.6k | $9.38 |
15,300 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$3.89M
$3.40M – $4.54M
NOI $272,171 @ 7.0% cap · market cap 12.96%
Second Best
Warehouse
$2.05M
$1.79M – $2.39M
NOI $143,575 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$5.01M
$4.38M – $5.84M
NOI $350,676 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Fully occupied industrial flex property with warehouse space and retail sales accommodations, zoned IG by Charlotte County.
Where is this flex space located?
The property is located at 18230 PAULSON DRIVE Port Charlotte, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Tenant‑occupied industrial flex property with warehouse space and retail sales accommodations; Built in 1993; long‑standing tenant Gemaire Distributors has occupied the building since it was built; Tenant lease in place through 12/31/29, with renewal to 12/31/31
