Three-Unit Warehouse
For Sale
$900,000
23064 HARBORVIEW ROAD #A and B and C, Port Charlotte, FL 33980
Industrial warehouse property with multiple units, an overhead door, and on-site parking near major local roads.
Property Size5,840 SF
Days on Market145
Property Features for 23064 HARBORVIEW ROAD #A and B and C
General Information
Standard status
Active
Size
5,840 SF
Property subtype
Commercial
Zoning
IL
Taxes and HOA fees
Annual Taxes
$10,237
Building Details
Building Size
5,840 SF
Year Built
1962
Listing Agency:
RE/MAX ALLIANCE GROUP
(941) 456-1155
Listed By:
Gerald Hayes · License #625093
(941) 456-1155
Source:
Mbifloridarealty
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 10 at 11:01AM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
This warehouse property comprises three units and includes an overhead door serving the rear unit. The improvements date to 1962, and the property has more than 15 parking spaces. Current uses identified for the site include warehousing, distribution terminals, trucking terminals, and van and storage warehousing.
The property is located on Harborview Road in Port Charlotte, near the intersection of Kings Highway and Harborview Road. Its position in the Charlotte Harbor area provides access to established local road connections and supports continued warehouse-oriented use.
The property is located on Harborview Road in Port Charlotte, near the intersection of Kings Highway and Harborview Road. Its position in the Charlotte Harbor area provides access to established local road connections and supports continued warehouse-oriented use.
Key Highlights
- Three warehouse units in one property
- Rear unit includes an overhead door
- 15+ parking spaces on site
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
$54,803
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
6.09%
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%
$1,096,060
$1.1M
Cap Rate 7%
$782,900
$782.9K
Cap Rate 9%
$608,922
$608.9K
Market Conditions
NOI Build-Up for 5,840 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
$70.1K $12.00/SF
− Vacancy
−$5.6K −$0.96/SF
EGI
$64.5K $11.04/SF
− OpEx
−$9.7K −$1.66/SF
NOI
$54.8K $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%
$1,096,060
Cap Rate 7%
$782,900
Cap Rate 9%
$608,922
Alternative Uses
Best Use
Warehouse
$782.9K
$685.0K – $913.4K
NOI $54,803 @ 7.0% cap · market cap 6.09%
Second Best
Industrial
$644.7K
$564.2K – $752.2K
NOI $45,132 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,853 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33980, FL
11,762
Population
8,108
Households
1.5
Avg Household Size
63
Median Age
21%
College-Educated
92%
High-School Grad
9.2 sq mi
ZIP Area
1,278
Density / Sq Mi
$61,871
Median Household Income
$33,365
Median Earnings
$1,216
Median Rent
$221,200
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?
Warehouse - Industrial warehouse property with multiple units, an overhead door, and on-site parking near major local roads.
Where is this warehouse located?
The property is located at 23064 HARBORVIEW ROAD #A and B and C Port Charlotte, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three warehouse units in one property; Rear unit includes an overhead door; 15+ parking spaces on site
