Corner Industrial Warehouse
For Sale
$177,000
18350 PAULSON Dr D-1, Port Charlotte, FL 33954
Corner unit with an air-conditioned office, suited for low-intensity industrial users.
Property Size990 SF
Days on Market72
Property Features for 18350 PAULSON Dr D-1
General Information
Standard status
Active
Size
990 SF
Property subtype
Industrial
Zoning
IG
Taxes and HOA fees
Annual Taxes
$1,988
Building Details
Building Size
990 SF
Year Built
1990
Listing Agency:
MAPP REALTY & INVESTMENT COMP.
(941) 628-1708
Listed By:
Andy Lebo · License #3093552
(941) 628-1708
Source:
Elliman
Added: Jun 3
Changed: Aug 7
Last Checked: Aug 12 at 8:59AM
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 MAPP REALTY & INVESTMENT COMP.
Investment Insights
Based on property information with market context.
This professional warehouse building includes an air-conditioned office measuring 11' x 11'. The space is configured as a corner unit within an industrial setting, and it is identified as low intensity industrial with IG zoning.
Located in Port Charlotte on Paulson Drive, the property is best suited to drivers, with a walk score of 3 and a transit score of 0 indicating no nearby transit. The area is somewhat bikeable, with a bike score of 29.
For tenants and buyers looking for a warehouse format that also supports on-site administration, the included air-conditioned office can accommodate day-to-day operational needs. With IG zoning and a low intensity industrial designation, the property is positioned for users seeking an industrial-use environment appropriate to the stated zoning classification.
Located in Port Charlotte on Paulson Drive, the property is best suited to drivers, with a walk score of 3 and a transit score of 0 indicating no nearby transit. The area is somewhat bikeable, with a bike score of 29.
For tenants and buyers looking for a warehouse format that also supports on-site administration, the included air-conditioned office can accommodate day-to-day operational needs. With IG zoning and a low intensity industrial designation, the property is positioned for users seeking an industrial-use environment appropriate to the stated zoning classification.
Key Highlights
- Professional warehouse building built in 1990 on Paulson Drive
- Corner unit with a 11' x 11' air‑conditioned office
- Low Intensity Industrial (IG) zoning
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
$12,253
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
6.92%
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%
$245,060
$245.1K
Cap Rate 7%
$175,043
$175.0K
Cap Rate 9%
$136,144
$136.1K
Market Conditions
NOI Build-Up for 990 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
$21.4K $21.60/SF
− Vacancy
−$5.0K −$5.10/SF
EGI
$16.3K $16.50/SF
− OpEx
−$4.1K −$4.13/SF
NOI
$12.3K $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%
$245,060
Cap Rate 7%
$175,043
Cap Rate 9%
$136,144
Alternative Uses
Best Use
Office B
$175.0K
$153.2K – $204.2K
NOI $12,253 @ 7.0% cap · market cap 6.92%
Second Best
Warehouse
$132.7K
$116.1K – $154.8K
NOI $9,290 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$324.2K
$283.6K – $378.2K
NOI $22,691 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33954, FL
11,040
Population
5,099
Households
2.2
Avg Household Size
52
Median Age
23%
College-Educated
92%
High-School Grad
8.6 sq mi
ZIP Area
1,284
Density / Sq Mi
$83,081
Median Household Income
$43,823
Median Earnings
$1,830
Median Rent
$304,000
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.
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- Extra Space Storage — 19750 Cochran Blvd, Port Charlotte, FL 33954
- 𝗣𝗼𝗿𝘁 𝗖𝗵𝗮𝗿𝗹𝗼𝘁𝘁𝗲 𝗠𝗼𝘃𝗲𝗿𝘀 - 𝗟𝗼𝗰𝗮𝗹 𝗠𝗼𝘃𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 — 1441 Tamiami Trail #24, Port Charlotte, FL 33948
Frequently Asked Questions
What type of property is this?
Warehouse - Corner unit with an air-conditioned office, suited for low-intensity industrial users.
Where is this warehouse located?
The property is located at 18350 PAULSON Dr D-1 Port Charlotte, FL.
What is the asking price?
The asking price for this property is $177,000.
What are key features of this property?
This property features: Professional warehouse building built in 1990 on Paulson Drive; Corner unit with a 11' x 11' air‑conditioned office; Low Intensity Industrial (IG) zoning
