Renovated Single-Story
For Sale
$859,000
2417 MAGDALINA DRIVE, Punta Gorda, FL 33950
Three fully leased residences offer two bedrooms, two bathrooms, private laundry, and garage parking in each unit.
Property Size3,641 SF
Price / SF$235.92
Days on Market11
Property Features for 2417 MAGDALINA DRIVE
General Information
Standard status
Active
Size
3,641 SF
Total Parking Spaces
4
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 2BR/2BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
CAPTAINS REALTY LLC
(941) 626-1329
Listed By:
Robert Babineau · License #3031228
Source:
Endlesssummerrealty
Added: Aug 22
Changed: Aug 31
Last Checked: Aug 31 at 3:50PM
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 CAPTAINS REALTY LLC
Investment Insights
Based on property information with market context.
This single-level triplex contains three two-bedroom, two-bath residences and is fully leased. Unit A has been comprehensively renovated with an open layout, laminate flooring, granite countertops, stainless steel appliances, refreshed bathrooms, a two-car garage, gated front patio, and side lanai. Units B and C each include a one-car garage; Unit B also provides guest parking and in-suite laundry, while Unit C features updated finishes, modern appliances, a walk-in closet, screened lanai, private yard, irrigation system, and hurricane shutters. Each residence includes its own washer and dryer, with layouts offering living, dining, kitchen, storage, and bedroom areas.
Key Highlights
- Three fully leased units, each with 2 bedrooms and 2 bathrooms
- Unit A renovation includes granite counters, stainless appliances, laminate flooring, and a 2‑car garage
- Units B and C each include a 1‑car garage; Unit B also has guest parking
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
$35,222
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
4.10%
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%
$704,440
$704.4K
Cap Rate 7%
$503,171
$503.2K
Cap Rate 9%
$391,356
$391.4K
Market Conditions
NOI Build-Up for 3,641 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
$62.0K $17.04/SF
− Vacancy
−$11.7K −$3.22/SF
EGI
$50.3K $13.82/SF
− OpEx
−$15.1K −$4.15/SF
NOI
$35.2K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /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%
$704,440
Cap Rate 7%
$503,171
Cap Rate 9%
$391,356
Alternative Uses
Best Use
Multifamily LT 5
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$459.2K
$401.8K – $535.8K
NOI $32,145 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,452 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three fully leased residences offer two bedrooms, two bathrooms, private laundry, and garage parking in each unit.
Where is this triplex located?
The property is located at 2417 MAGDALINA DRIVE Punta Gorda, FL.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Three fully leased units, each with 2 bedrooms and 2 bathrooms; Unit A renovation includes granite counters, stainless appliances, laminate flooring, and a 2‑car garage; Units B and C each include a 1‑car garage; Unit B also has guest parking
