Medical Office Condominium
For Sale
$650,000
2-3300 Tamiami Trl, Port Charlotte, FL 33953
Medical condominium with two suites, one occupied and one vacant for owner build-out or lease-up.
Property Size2,200 SF
Price / SF$295.45
Days on Market128
Property Features for 2-3300 Tamiami Trl
General Information
Standard status
Active
Size
2,200 SF
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$9,086
Listing Agency:
MARINA PARK REALTY LLC
(941) 205-0888
Listed By:
Brandi Van Schoyck · License #3475580
(941) 769-3877
Source:
Exprealty
Added: May 4
Changed: Sep 4
Last Checked: Sep 7 at 12:20PM
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 MARINA PARK REALTY LLC
Investment Insights
Based on property information with market context.
This medical office condominium is located within the Promenades Professional Center and totals 3,960 square feet across Suites 102A and 102B. The property is configured as two distinct units, with one suite currently occupied and the other suite vacant and ready for occupancy or lease-up. The vacant side is described as a blank slate without flooring or interior build-out, allowing a new owner to design the interior to their requirements. A shared foyer provides entry to the vacant side, and a lock-off door allows the adjoining unit to be separated for independent use.
The condominium is positioned along Tamiami Trail and is described as offering visibility and convenient access within a professionally maintained complex. The center includes ample parking intended for both staff and patients.
The space is presented as suitable for medical or professional use, with a layout that can accommodate exam rooms, treatment areas, and administrative offices.
The condominium is positioned along Tamiami Trail and is described as offering visibility and convenient access within a professionally maintained complex. The center includes ample parking intended for both staff and patients.
The space is presented as suitable for medical or professional use, with a layout that can accommodate exam rooms, treatment areas, and administrative offices.
Key Highlights
- 3,960 SF medical condominium in Promenades Professional Center, Suites 102A and 102B.
- Two‑suites setup: one suite is currently occupied and the second suite is vacant.
- Vacant suite is a blank slate with no flooring or interior build‑out for owner customization.
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
$30,764
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
4.73%
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%
$615,280
$615.3K
Cap Rate 7%
$439,486
$439.5K
Cap Rate 9%
$341,822
$341.8K
Market Conditions
NOI Build-Up for 2,200 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
$57.3K $26.04/SF
− Vacancy
−$6.0K −$2.73/SF
EGI
$51.3K $23.31/SF
− OpEx
−$20.5K −$9.32/SF
NOI
$30.8K $13.98/SF
Area
Charlotte County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$615,280
Cap Rate 7%
$439,486
Cap Rate 9%
$341,822
Alternative Uses
Best Use
Healthcare Medical
$439.5K
$384.6K – $512.7K
NOI $30,764 @ 7.0% cap · market cap 4.73%
Second Best
Office B
$389.0K
$340.4K – $453.8K
NOI $27,229 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$720.3K
$630.3K – $840.4K
NOI $50,424 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33953, FL
6,882
Population
4,339
Households
1.6
Avg Household Size
64
Median Age
31%
College-Educated
97%
High-School Grad
16.1 sq mi
ZIP Area
427
Density / Sq Mi
$77,227
Median Household Income
$33,257
Median Earnings
$1,817
Median Rent
$332,200
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?
Medical Office Space - Medical condominium with two suites, one occupied and one vacant for owner build-out or lease-up.
Where is this medical office space located?
The property is located at 2-3300 Tamiami Trl Port Charlotte, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,960 SF medical condominium in Promenades Professional Center, Suites 102A and 102B.; Two‑suites setup: one suite is currently occupied and the second suite is vacant.; Vacant suite is a blank slate with no flooring or interior build‑out for owner customization.
