Salon-Built Storefront
For Sale
Contact for pricing
Pending
20020 Veterans Blvd, Port Charlotte, FL 33954
Fully built-out interior supports salon operations and beauty-related commercial use.
Property Size1,056 SF
Days on Market153
Property Features for 20020 Veterans Blvd
General Information
Standard status
Pending
Size
1,056 SF
Class
B
Property subtype
Retail, Mixed Use, Business for Sale
Zoning
IG
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
American Property Group of Sarasota Inc
Listed By:
Sarah Toedman · License #SL3454713
Source:
Crexi
Added: Mar 31
Changed: Aug 29
Last Checked: Aug 29 at 1:25PM
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 American Property Group of Sarasota Inc
Investment Insights
Based on property information with market context.
This 1,056-SF storefront property is configured as a retail condominium with a completed salon interior. The existing build-out is designed for hair salon operations and can accommodate beauty-related commercial use without requiring a new interior installation. Built in 2000, the property is designated IG under its stated zoning classification.
The property is located at 20020 Veterans Blvd, Unit 15, in Port Charlotte, Florida, near US-41 and surrounding commercial activity. Its position just off Veterans Blvd provides access to a commercial corridor with nearby national retailers. The condominium format may suit an owner-user or an investor seeking an established salon-oriented retail space.
The property is located at 20020 Veterans Blvd, Unit 15, in Port Charlotte, Florida, near US-41 and surrounding commercial activity. Its position just off Veterans Blvd provides access to a commercial corridor with nearby national retailers. The condominium format may suit an owner-user or an investor seeking an established salon-oriented retail space.
Key Highlights
- 1,056‑SF storefront property configured as a retail condominium
- Completed interior build‑out for hair salon operations
- IG zoning designation
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
$18,785
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
7.51%
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%
$375,700
$375.7K
Cap Rate 7%
$268,357
$268.4K
Cap Rate 9%
$208,722
$208.7K
Market Conditions
NOI Build-Up for 1,056 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
$27.8K $26.28/SF
− Vacancy
−$916 −$0.87/SF
EGI
$26.8K $25.41/SF
− OpEx
−$8.1K −$7.62/SF
NOI
$18.8K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
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%
$375,700
Cap Rate 7%
$268,357
Cap Rate 9%
$208,722
Alternative Uses
Best Use
Retail
$268.4K
$234.8K – $313.1K
NOI $18,785 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.8K
$302.6K – $403.4K
NOI $24,204 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 Retail 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?
Storefront property - Fully built-out interior supports salon operations and beauty-related commercial use.
Where is this storefront property located?
The property is located at 20020 Veterans Blvd Port Charlotte, FL.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: 1,056‑SF storefront property configured as a retail condominium; Completed interior build‑out for hair salon operations; IG zoning designation
