Corner Lot Flex Warehouse with
For Sale
$599,900
27039 Rushmore Ave, Punta Gorda, FL 33983
Concrete block flex warehouse with four garage bays and office/storage loft for vehicle, workshop, or small business use.
Property Size2,400 SF
Lot Size0.45 Acres
Price / SF$249.96
Days on Market265
Property Features for 27039 Rushmore Ave
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.45 Acres
Additional Details
Drive-In Doors
4
Service Bays
4
Taxes and HOA fees
Annual Taxes
$1,147
Listing Agency:
KW PEACE RIVER PARTNERS
(661) 312-4531
Listed By:
Denise Galloway, PA · License #3246940
(661) 312-4531
Source:
Exprealty
Added: Dec 8, 2025
Changed: Aug 21
Last Checked: Aug 29 at 2:40PM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
$22,522
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
3.75%
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%
$450,440
$450.4K
Cap Rate 7%
$321,743
$321.7K
Cap Rate 9%
$250,244
$250.2K
Market Conditions
NOI Build-Up for 2,400 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
$28.8K $12.00/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$26.5K $11.04/SF
− OpEx
−$4.0K −$1.66/SF
NOI
$22.5K $9.38/SF
Area
Charlotte County, FL
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
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%
$450,440
Cap Rate 7%
$321,743
Cap Rate 9%
$250,244
Alternative Uses
Best Use
Warehouse
$321.7K
$281.5K – $375.4K
NOI $22,522 @ 7.0% cap · market cap 3.75%
Second Best
Flex RnD
$305.9K
$267.6K – $356.9K
NOI $21,411 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$785.8K
$687.6K – $916.8K
NOI $55,008 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
4
Service bays
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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 $599,900.
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
