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    Corner Lot Flex Warehouse with Bays Title is generated by Realmo AI

    27039 Rushmore Ave, Punta Gorda, FL 33983

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    For Sale
    $650,000

    Concrete block flex warehouse with four garage bays and office/storage loft for vehicle, workshop, or small business use.

    Property size:
    2,400 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $270/SF
    Added:
    Dec 8, 2025
    Days on Market:
    180
    Last Refresh:
    Jun 4 at 8:32 pm

    Property Features for 27039 Rushmore Ave

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.45 Acres

    We can help!

    Listing Contact
    Denise Galloway, PA

    Listing agent Denise Galloway, PA License #3246940

    Listing office KW PEACE RIVER PARTNERS

    Listing date Dec 8, 2025

    Source Exprealty

    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 KW PEACE RIVER PARTNERS

    HighLights

    • 4,200 SF concrete block flex warehouse on a corner lot in Harbour Heights, Punta Gorda
    • 2400 SF under roof with spray foam insulation for energy efficiency and durability
    • Four garage bays with 8‑ft and 12‑ft overhead doors on each side for vehicle access
    • Both sides include 50‑amp electrical service and a half bath
    • Right side features a loft for office or additional storage
    • Suitable for vehicle storage, workshop/warehouse space, or small business use

    Overview

    This concrete block flex warehouse is positioned on a corner lot and offers 2,400 sq. ft. under roof. The building includes four garage bays, with overhead doors sized at 8 feet and 12 feet, providing straightforward drive-in access for vehicles and equipment. Electrical service is available on both sides, with 50-amp service noted, and each side includes a half bath. The right side also features a loft that can support an office setup or additional storage. Spray foam insulation is installed for durability and energy efficiency.

    Located in Harbour Heights, Punta Gorda, the property sits at 27039 Rushmore Ave. The garage-bay configuration is well suited for businesses and operators that need both enclosed storage and easy loading access through multiple overhead doors.

    For tenants, owners, or buyers seeking flexible space, the combination of multiple bays, substantial door heights, and separate half-bath amenities can support a range of uses including vehicle storage, a workshop, or small business operations. The right-side loft adds an on-site work or storage option without taking away from the primary bay area, while the 50-amp electrical service on both sides supports more demanding equipment needs.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.007191
    Latitude
    26.987709

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    FAQs

    What type of property is this?
    Flex space - Concrete block flex warehouse with four garage bays and office/storage loft for vehicle, workshop, or small business use.
    Where is this flex space located?
    The property is located at 27039 Rushmore Ave Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 4,200 SF concrete block flex warehouse on a corner lot in Harbour Heights, Punta Gorda; 2400 SF under roof with spray foam insulation for energy efficiency and durability; Four garage bays with 8‑ft and 12‑ft overhead doors on each side for vehicle access
    (661) 312-4531
    We can help!
    Listing Contact
    Denise Galloway, PA
    Real Estate License ID: 3246940
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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