Residential Income
26245 NORTHERN CROSS ROAD, Punta Gorda, FL 33983
For Sale
$438,900
Duplex in Punta Gorda with quick access to shopping, dining, and major roadways.
Property Size2,498 SF
Price / SF$175.70
Days on Market110
Property Features for 26245 NORTHERN CROSS ROAD
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
SUNCOAST PROPERTY MANAGEMENT L
(904) 831-8050
Listed By:
Suzanne Rosborough · License #3157094
Source:
Endlesssummerrealty
Added: Jul 21
Changed: Nov 6
Last Checked: Nov 6 at 9:38AM
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 SUNCOAST PROPERTY MANAGEMENT L
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set in a peaceful residential setting near Northern Cross Rd, this duplex offers a residential income configuration with convenient daily access to shopping, dining, and major roadways.
Just a short drive away are waterfront destinations such as Fishermen's Village, with restaurants, boutiques, and live entertainment along the harbor. Outdoor options nearby include Ponce De Leon Park and the Peace River Wildlife Center, offering scenic walking paths, fishing areas, and coastal nature views. While Punta Gorda is known more for its harbor than traditional beaches, the property is also within driving distance of Gulf Coast beaches, including Englewood Beach.
Just a short drive away are waterfront destinations such as Fishermen's Village, with restaurants, boutiques, and live entertainment along the harbor. Outdoor options nearby include Ponce De Leon Park and the Peace River Wildlife Center, offering scenic walking paths, fishing areas, and coastal nature views. While Punta Gorda is known more for its harbor than traditional beaches, the property is also within driving distance of Gulf Coast beaches, including Englewood Beach.
Key Highlights
- Duplex in Punta Gorda with quick access to shopping, dining, and major roadways
- Built in 2020
- Located near Northern Cross Rd in Punta Gorda
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,165
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,300
$483.3K
Cap Rate 7%
$345,214
$345.2K
Cap Rate 9%
$268,500
$268.5K
Market Conditions
NOI Build-Up for 2,498 SF
Gross rent
$42.6K $17.04/SF
− Vacancy
−$8.0K −$3.22/SF
EGI
$34.5K $13.82/SF
− OpEx
−$10.4K −$4.15/SF
NOI
$24.2K $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 Rate 5%
$483,300
Cap Rate 7%
$345,214
Cap Rate 9%
$268,500
Alternative Uses
Best Use
Multifamily LT 5
$345.2K
$302.1K – $402.8K
NOI $24,165 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$315.1K
$275.7K – $367.6K
NOI $22,054 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$817.9K
$715.7K – $954.2K
NOI $57,254 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
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
$324,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Punta Gorda, FL
Properties on Market for Duplexes in Punta Gorda
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Punta Gorda with quick access to shopping, dining, and major roadways.
Where is this duplex located?
The property is located at 26245 NORTHERN CROSS ROAD Punta Gorda, FL.
What is the asking price?
The asking price for this property is $438,900.
What are key features of this property?
This property features: Duplex in Punta Gorda with quick access to shopping, dining, and major roadways; Built in 2020; Located near Northern Cross Rd in Punta Gorda
