Multi-Tenant Shopping
For Sale
$5,550,000
24420 SANDHILL Boulevard, Punta Gorda, FL 33983
Commercial Sale, PUNTA GORDA, FL
Property Size24,507 SF
Lot Size3.72 Acres
Price / SF$226.47
Days on Market90
Property Features for 24420 SANDHILL Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PD
Security features
Security Lighting
Subdivision
SANDHILL CROSSINGS
Lot features
Central Business District, City Limits, Landscaped, Near Public Transit, Shopping Center, Sidewalk, Street Lights, Paved
Directions
Driving Directions (Northbound): From US-41 (Tamiami Trail), head north and turn right onto Sandhill Boulevard. Continue approximately 2 miles. Sandhill Commons will be on your right at 24420 Sandhill Blvd. Driving Directions (Southbound): From I-75, take Exit 170 (Kings Highway) and head south on Kings Highway. Turn right onto Sandhill Boulevard and continue west approximately 1 mile. Sandhill Commons will be on your left at 24420 Sandhill Blvd.
Standard status
Active
APN
402306428003
Size
24,507 SF
Lot size
3.72 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SCR 000 0000 0002 SANDHILL CROSSINGS LT 2 2434/901 RES2816/254 E3607/559 4471/754 SCR 000 0000 0003 SANDHILL CROSSINGS LT 3 2434/901 RES2816/254 E3607/559 4471/754
Tax Annual Amount
58028
Legal Description
SCR 000 0000 0002 SANDHILL CROSSINGS LT 2 2434/901 RES2816/254 E3607/559 4471/754 SCR 000 0000 0003 SANDHILL CROSSINGS LT 3 2434/901 RES2816/254 E3607/559 4471/754
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
18
Building materials
Block
Roof type
Membrane
Listing Agency:
KW PEACE RIVER PARTNERS · Keller Williams Realty
(941) 875-9060
Listed By:
Danny Nix · License #3307013
(941) 724-0080
Added: Jul 13
Changed: Oct 9
Last Checked: Oct 10 at 2:06AM
MLS# C7528393
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.
Sandhill Commons is a 24,507-square-foot shopping center comprising 18 units in three buildings on 3.72 acres. Built in 2005, the property is fully occupied and zoned PD. Construction is block, with a membrane roof and central heating and air conditioning.
Recent work includes roof replacements, HVAC updates, and resurfacing of the parking lot. The property is on Sandhill Boulevard, with access to US-41, Kings Highway, and I-75.
Recent work includes roof replacements, HVAC updates, and resurfacing of the parking lot. The property is on Sandhill Boulevard, with access to US-41, Kings Highway, and I-75.
Key Highlights
- 18 units across three buildings; 100% occupied
- 24,507 square feet on 3.72 acres
- Recent roof replacements, HVAC updates, and parking lot resurfacing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$435,953
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,719,060
$8.7M
Cap Rate 7%
$6,227,900
$6.2M
Cap Rate 9%
$4,843,922
$4.8M
Market Conditions
NOI Build-Up for 24,507 SF
Gross rent
$644.0K $26.28/SF
− Vacancy
−$21.3K −$0.87/SF
EGI
$622.8K $25.41/SF
− OpEx
−$186.8K −$7.62/SF
NOI
$436.0K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,719,060
Cap Rate 7%
$6,227,900
Cap Rate 9%
$4,843,922
Alternative Uses
Best Use
Retail
$6.23M
$5.45M – $7.27M
NOI $435,953 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.02M
$7.02M – $9.36M
NOI $561,700 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
241k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Shops & Services 38%
Dining 21%
Electronics 1%
Walmart
Superstores
95,834 visits/mo
0.3 miles
RaceTrac
Shops & Services
48,680 visits/mo
0.1 miles
Culver's
Dining
20,064 visits/mo
0.3 miles
7-Eleven
Shops & Services
16,994 visits/mo
0.1 miles
Murphy USA
Shops & Services
16,204 visits/mo
0.2 miles
Demographics for 33983, FL
16,124
Population
9,114
Households
1.8
Avg Household Size
58
Median Age
22%
College-Educated
94%
High-School Grad
10.6 sq mi
ZIP Area
1,521
Density / Sq Mi
$67,705
Median Household Income
$36,748
Median Earnings
$1,357
Median Rent
$324,100
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
- Peachland Promenade — 24075 Peachland Blvd, Port Charlotte, FL 33954
- DEEP CREEK COMMONS — 24901 Sandhill Blvd, Punta Gorda, FL 33983
Frequently Asked Questions
What type of property is this?
Shopping center - Three buildings contain fully leased retail units, with roof, HVAC, and parking-area work completed recently.
Where is this shopping center located?
The property is located at 24420 SANDHILL Boulevard Punta Gorda, FL.
What is the asking price?
The asking price for this property is $5,550,000.
What are key features of this property?
This property features: 18 units across three buildings; 100% occupied; 24,507 square feet on 3.72 acres; Recent roof replacements, HVAC updates, and parking lot resurfacing
