Three-Unit Warehouse with Overhead
For Sale
$900,000
23064 HARBORVIEW Road, Port Charlotte, FL 33980
Commercial Sale, PORT CHARLOTTE, FL
Property Size5,840 SF
Lot Size0.42 Acres
Price / SF$154.11
Days on Market156
Property Features for 23064 HARBORVIEW Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Subdivision
CHARLOTTE HARBOR
Lot features
Flood Zone, Industrial Park
Directions
US 41 NORTH TO EAST ON HARBORVIEW ROAD....PROPERTY IS ON THE LEFT JUST BEFORE KINGS HIGHWAY
Standard status
Active
APN
402225151018
Size
5,840 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
25 40 22 P-5-1 0.4 AC. M/L COMM AT NW COR OF KINGS HWY & N/LY ROW HARBOR VIEW RD TH SW 270FT ALG N/LY R/W OF HARBORVIEW RD FOR POB TH N308 FT TH W57.8 FT TH S 325 FT TH NE 58.7 FT TO POB AKA P-5-1 167/11 413/319 539/667 596/330 614/584771/265 1194/751 2146/1638 3388/813 3388/817 E3776/1293
Tax Annual Amount
10237
Legal Description
25 40 22 P-5-1 0.4 AC. M/L COMM AT NW COR OF KINGS HWY & N/LY ROW HARBOR VIEW RD TH SW 270FT ALG N/LY R/W OF HARBORVIEW RD FOR POB TH N308 FT TH W57.8 FT TH S 325 FT TH NE 58.7 FT TO POB AKA P-5-1 167/11 413/319 539/667 596/330 614/584771/265 1194/751 2146/1638 3388/813 3388/817 E3776/1293
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1962
Building materials
Block
Roof type
Metal
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 639-1376
Listed By:
Gerald Hayes · License #625093
(941) 456-1155
Added: Mar 20
Changed: Aug 21
Last Checked: Aug 22 at 11:06AM
MLS# C7523744
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,840-square-foot warehouse property contains three units on a 0.42-acre parcel. The current uses include warehousing, distribution terminals, trucking terminals, van storage, and storage warehousing. The rear unit has an overhead door, and the building includes block construction, a metal roof, central heating, and central air conditioning.
The property is located at 23064 Harborview Road in Port Charlotte, near the intersection of Kings Highway and Harborview Road. It provides 15+ parking spaces, with public water service and a septic tank system. Built in 1962, the property offers an established industrial configuration for continued warehouse or terminal use.
The property is located at 23064 Harborview Road in Port Charlotte, near the intersection of Kings Highway and Harborview Road. It provides 15+ parking spaces, with public water service and a septic tank system. Built in 1962, the property offers an established industrial configuration for continued warehouse or terminal use.
Key Highlights
- 5,840‑square‑foot warehouse property with three units
- 0.42‑acre parcel at 23064 Harborview Road, Port Charlotte, FL 33980
- Current uses include warehousing, distribution terminals, trucking terminals, and van storage
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Extra Space Storage — 23215 Harbor View Rd, Punta Gorda, FL 33980
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property with warehouse, distribution, and trucking terminal uses near Kings Highway and Harborview Road.
Where is this warehouse located?
The property is located at 23064 HARBORVIEW Road 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: 5,840‑square‑foot warehouse property with three units; 0.42‑acre parcel at 23064 Harborview Road, Port Charlotte, FL 33980; Current uses include warehousing, distribution terminals, trucking terminals, and van storage
