Established Restaurant on US-41 For
For Sale
$225,000
2414 Tamiami Trail C, Port Charlotte, FL 33952
Turnkey European restaurant with prime US-41 frontage in Port Charlotte.
Property Size972 SF
Price / SF$231.48
Days on Market146
Property Features for 2414 Tamiami Trail C
General Information
Standard status
Active
Size
972 SF
Property subtype
Business Opportunity
Listing Agency:
CENTURY 21 SUNBELT REALTY
Listed By:
Quinton Hill, Jr · License #3309561
(239) 887-8870
Source:
Livewelltampabay
Added: Apr 24
Changed: Sep 15
Last Checked: Sep 15 at 5:30PM
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 CENTURY 21 SUNBELT REALTY
Investment Insights
Based on property information with market context.
An established, turnkey restaurant is available for acquisition in a high-visibility location on S Tamiami Trail (US-41) in Port Charlotte. This well-known dining destination, Taste of Europe, offers authentic European cuisine and benefits from a loyal customer base and strong community presence. The location at 2414 S Tamiami Trail benefits from excellent frontage and strong daily traffic counts of 24,000–27,000+ vehicles per day. The restaurant is surrounded by residential communities, medical facilities, and retail centers, supporting consistent year-round demand. The sale includes furniture, fixtures, equipment (FF&E), established brand name, recipes (if transferable), goodwill, and operational systems. The dining area is fully built out and ready for immediate continued operation. This is an ideal opportunity for an owner-operator looking to step into an existing concept or for an entrepreneur seeking a proven restaurant location.
Key Highlights
- Prime US‑41 Location: High‑visibility frontage on S Tamiami Trail with strong daily traffic counts.
- Turnkey Restaurant: Sale includes all furniture, fixtures, equipment (FF&E), established brand name, and operational systems.
- Established Business: Locally recognized dining destination with a loyal customer base and strong community presence.
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
$12,993
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
5.77%
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%
$259,860
$259.9K
Cap Rate 7%
$185,614
$185.6K
Cap Rate 9%
$144,367
$144.4K
Market Conditions
NOI Build-Up for 972 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
$18.4K $18.96/SF
− Vacancy
−$1.1K −$1.14/SF
EGI
$17.3K $17.82/SF
− OpEx
−$4.3K −$4.46/SF
NOI
$13.0K $13.37/SF
Area
Charlotte County, FL
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$259,860
Cap Rate 7%
$185,614
Cap Rate 9%
$144,367
Alternative Uses
Best Use
Specialty Retail
$185.6K
$162.4K – $216.6K
NOI $12,993 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.3K
$278.5K – $371.3K
NOI $22,278 @ 7.0% cap · market cap 9.90%
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
749
Businesses Nearby
117k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Home Improvements & Furnishings 14%
Dining 8%
Electronics 5%
Wawa
Shops & Services
48,585 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
16,292 visits/mo
0.2 miles
Circle K
Shops & Services
10,908 visits/mo
0.2 miles
Circle K
Shops & Services
8,043 visits/mo
0.4 miles
Mexico Restaurant
Dining
8,019 visits/mo
0.1 miles
Demographics for 33952, FL
32,084
Population
17,682
Households
1.8
Avg Household Size
52
Median Age
20%
College-Educated
88%
High-School Grad
11.0 sq mi
ZIP Area
2,917
Density / Sq Mi
$56,117
Median Household Income
$33,999
Median Earnings
$1,249
Median Rent
$224,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Buffet city — 2150 Tamiami Trl, Port Charlotte, FL 33948
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey European restaurant with prime US-41 frontage in Port Charlotte.
Where is this conventional restaurant located?
The property is located at 2414 Tamiami Trail C Port Charlotte, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Prime US‑41 Location: High‑visibility frontage on S Tamiami Trail with strong daily traffic counts.; Turnkey Restaurant: Sale includes all furniture, fixtures, equipment (FF&E), established brand name, and operational systems.; Established Business: Locally recognized dining destination with a loyal customer base and strong community presence.
