Two-Building Storefront
For Sale
Contact for pricing
220/226 South Tamiami Trail, Punta Gorda, FL 33950
Fully occupied retail asset combining a bar and lounge with a national QSR franchise tenant.
Property Size4,480 SF
Price / SF$234.38
Days on Market125
Property Features for 220/226 South Tamiami Trail
General Information
Standard status
Active
Size
4,480 SF
Property subtype
Retail, Land
Zoning
CC City Center
Occupancy
100%
Investment Type
Redevelopment
Additional Details
Cap Rate
6.5%
Building Details
Buildings
2
Units
2
Tenancy
Multi
Listing Agency:
Sperry Commercial Global Affiliates Fort Myers
Listed By:
Theresa Blauch-Mitchell, CCIM · License #FL BK3202944
Source:
Crexi
Added: Apr 30
Changed: Aug 30
Last Checked: Aug 30 at 7:45AM
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 Sperry Commercial Global Affiliates Fort Myers
Investment Insights
Based on property information with market context.
This 4,480 SF storefront property is configured across two buildings with established occupancy. The larger building contains a 2,550 SF bar and lounge, while a 1,930 SF building is leased to a national QSR franchise. Together, the improvements provide a mix of retail-oriented commercial uses within a single offering.
The property is located at 220/226 South Tamiami Trail in Punta Gorda, Florida, and carries CC City Center zoning. The asset is fully occupied, with both commercial spaces serving as existing income-producing components. The listing reflects a 6.5 CAP and identifies the property as a redevelopment opportunity, although no additional redevelopment details are provided.
The property is located at 220/226 South Tamiami Trail in Punta Gorda, Florida, and carries CC City Center zoning. The asset is fully occupied, with both commercial spaces serving as existing income-producing components. The listing reflects a 6.5 CAP and identifies the property as a redevelopment opportunity, although no additional redevelopment details are provided.
Key Highlights
- 4,480 SF storefront property across two buildings
- 2,550 SF bar and lounge building
- 1,930 SF building occupied by a national QSR franchise
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
$79,694
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
7.59%
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%
$1,593,880
$1.6M
Cap Rate 7%
$1,138,486
$1.1M
Cap Rate 9%
$885,489
$885.5K
Market Conditions
NOI Build-Up for 4,480 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
$117.7K $26.28/SF
− Vacancy
−$3.9K −$0.87/SF
EGI
$113.8K $25.41/SF
− OpEx
−$34.2K −$7.62/SF
NOI
$79.7K $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%
$1,593,880
Cap Rate 7%
$1,138,486
Cap Rate 9%
$885,489
Alternative Uses
Best Use
Retail
$1.14M
$996.2K – $1.33M
NOI $79,694 @ 7.0% cap · market cap 7.59%
Second Best
Specialty Retail
$855.5K
$748.5K – $998.1K
NOI $59,883 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,682 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,619
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Charlotte County Flowers — 140 Tamiami Trl, Punta Gorda, FL 33950
Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied retail asset combining a bar and lounge with a national QSR franchise tenant.
Where is this storefront property located?
The property is located at 220/226 South Tamiami Trail Punta Gorda, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 4,480 SF storefront property across two buildings; 2,550 SF bar and lounge building; 1,930 SF building occupied by a national QSR franchise
