Three-Unit Distribution
For Sale
$900,000
23064 Harborview Road A And B And C, Port Charlotte, FL 33980
Industrial facility with multiple warehouse units, IG zoning, an overhead door, and on-site parking.
Property Size5,840 SF
Price / SF$154.11
Days on Market61
Property Features for 23064 Harborview Road A And B And C
General Information
Standard status
Active
Size
5,840 SF
Building Details
Year Built
1962
Listing Agency:
RE/MAX ALLIANCE GROUP
Listed By:
Gerald Hayes · License #625093
(941) 456-1155
Source:
Livewelltampabay
Added: Jul 21
Changed: Sep 16
Last Checked: Sep 19 at 1:49PM
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 5,840-square-foot industrial property contains three units and was built in 1962. The existing configuration supports warehousing, distribution terminal, trucking terminal, and van and storage warehousing uses. An overhead door serves the rear unit, and the property includes 15+ parking spaces.
The site is positioned near the intersection of Kings Highway and Harborview Road in Port Charlotte, with visibility along Harborview Road. IG, or Industrial General, zoning provides the governing land-use designation for the property. The multi-unit layout can accommodate an owner-user or an investor seeking an industrial asset with established warehouse-oriented improvements.
The site is positioned near the intersection of Kings Highway and Harborview Road in Port Charlotte, with visibility along Harborview Road. IG, or Industrial General, zoning provides the governing land-use designation for the property. The multi-unit layout can accommodate an owner-user or an investor seeking an industrial asset with established warehouse-oriented improvements.
Key Highlights
- Three‑unit industrial property totaling 5840 square feet
- IG (Industrial General) zoning
- Rear unit includes an overhead door
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Distribution center - Industrial facility with multiple warehouse units, IG zoning, an overhead door, and on-site parking.
Where is this distribution center 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‑unit industrial property totaling 5840 square feet; IG (Industrial General) zoning; Rear unit includes an overhead door
