Port Charlotte Commercial Condo For
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19800 VETERANS BLVD BLDG D UNIT D 7, Port Charlotte, FL 33954
Functional industrial condo ideal for warehouse, distribution, or service businesses.
Property Size1,150 SF
Price / SF$173.04
Days on Market93
Property Features for 19800 VETERANS BLVD BLDG D UNIT D 7
General Information
Standard status
Active
Size
1,150 SF
Class
C
Property subtype
Industrial
Zoning
IG
Building Details
Year Built
2000
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Keller Williams Peace River
Listed By:
Danny Nix · License #Bk3307013
Source:
Crexi
Added: May 12
Changed: Aug 8
Last Checked: Aug 8 at 3:12PM
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 Keller Williams Peace River
Investment Insights
Based on property information with market context.
Located at 19800 Veterans Blvd in Port Charlotte, Florida, this industrial commercial condo offers a functional layout suitable for warehouse, distribution, light industrial, contractor, or service-based businesses. The 1150 square foot property provides convenient access to US-41, I-75, and surrounding commercial corridors, facilitating service throughout Charlotte County and Southwest Florida. The property features flexible industrial space with overhead door access, ample parking, and visibility along Veterans Blvd. Situated in a growing business area near retail, industrial, and professional developments, this condo is suited for owner-users or investors seeking a commercial location in Port Charlotte.
Key Highlights
- Convenient access to US‑41 and I‑75 for serving Charlotte County and Southwest Florida.
- Functional layout suitable for warehouse, distribution, light industrial, contractor, or service‑based businesses.
- Excellent visibility along Veterans Blvd.
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
$10,792
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
5.42%
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%
$215,840
$215.8K
Cap Rate 7%
$154,171
$154.2K
Cap Rate 9%
$119,911
$119.9K
Market Conditions
NOI Build-Up for 1,150 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
$13.8K $12.00/SF
− Vacancy
−$1.1K −$0.96/SF
EGI
$12.7K $11.04/SF
− OpEx
−$1.9K −$1.66/SF
NOI
$10.8K $9.38/SF
Area
Charlotte County, FL
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
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%
$215,840
Cap Rate 7%
$154,171
Cap Rate 9%
$119,911
Alternative Uses
Best Use
Warehouse
$154.2K
$134.9K – $179.9K
NOI $10,792 @ 7.0% cap · market cap 5.42%
Second Best
Flex RnD
$146.6K
$128.2K – $171.0K
NOI $10,259 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$376.5K
$329.5K – $439.3K
NOI $26,358 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Under-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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional industrial condo ideal for warehouse, distribution, or service businesses.
Where is this flex space located?
The property is located at 19800 VETERANS BLVD BLDG D UNIT D 7 Port Charlotte, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Convenient access to US‑41 and I‑75 for serving Charlotte County and Southwest Florida.; Functional layout suitable for warehouse, distribution, light industrial, contractor, or service‑based businesses.; Excellent visibility along Veterans Blvd.
