Residential Income
For Sale
$438,900
26245 NORTHERN CROSS ROAD, Punta Gorda, FL 33983
Duplex in Punta Gorda with quick access to shopping, dining, and major roadways.
Property Size2,498 SF
Price / SF$175.70
Days on Market60
Property Features for 26245 NORTHERN CROSS ROAD
General Information
Standard status
Active
Size
2,498 SF
Property subtype
Duplex
Building Details
Year Built
2020
Listing Agency:
SUNCOAST PROPERTY MANAGEMENT L
(904) 831-8050
Listed By:
Suzanne Rosborough · License #3157094
(904) 687-7876
Source:
Endlesssummerrealty
Added: Jul 21
Changed: Sep 17
Last Checked: Sep 16 at 6:03PM
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
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 = 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
$24,165
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
5.51%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
