Half-Leased Retail Space with Block
For Sale
$1,950,000
29291 TRIBUNE Boulevard, Punta Gorda, FL 33955
SINGLE_FAMILY - PUNTA GORDA, FL
Property Size7,808 SF
Lot Size1.14 Acres
Price / SF$249.74
Days on Market314
Property Features for 29291 TRIBUNE Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
CG
Subdivision
TROP G A
Directions
Left off US 41 on to Tribune Blvd
Standard status
Active
APN
422302153001
Size
7,808 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TGA 008 0146 0028 TROP G A UN8 BLK146 LTS 28 29 & 30 641/1317 780/1003 893/151 2087/302 3170/320 E3255/2194 4686/1412 TGA 008 0146 0027 TROP G A UN 8 BLK146 LT 27 LESS ST RD R/W 162/543 169/571 455/481 538/380-381 538/383-385 560/1674 641/1250 647/16 73 679
Tax Annual Amount
15421
Legal Description
TGA 008 0146 0028 TROP G A UN8 BLK146 LTS 28 29 & 30 641/1317 780/1003 893/151 2087/302 3170/320 E3255/2194 4686/1412 TGA 008 0146 0027 TROP G A UN 8 BLK146 LT 27 LESS ST RD R/W 162/543 169/571 455/481 538/380-381 538/383-385 560/1674 641/1250 647/16 73 679
Utilities
Cooling system
Zoned
Building Details
Year built
2008
Floors in Building
1
Building materials
Block
Listing Agency:
REALTY ONE GROUP MVP
(800) 896-8790
Listed By:
Joanne Fultz · License #3449480
(937) 232-3070
Added: Sep 23, 2025
Changed: Jul 31
Last Checked: Aug 2 at 12:06PM
MLS# TB8430803
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.
This retail space is built with block construction and offers a mixed tenancy setup with half leased and half available. The property sits on 1.14 acres and totals 7,808 square feet, providing a streamlined layout intended to support either immediate retail/service operations or additional space for an end user. Zoned for commercial use and served by zoned cooling, the building supports flexible tenant options within a Commercial General (CG) framework.
The property is positioned in the Punta Gorda Airport District, with access emphasized to major routes including I-75 and U.S. 41, and proximity to the Punta Gorda Airport. The remarks also note a high traffic count of 20K+.
With Commercial General (CG) zoning, a wide range of retail, service, office, and related consumer uses are described as permitted subject to applicable regulations and distance requirements. The configuration and zoning support both portfolio income generation and potential owner-occupancy options.
The property is positioned in the Punta Gorda Airport District, with access emphasized to major routes including I-75 and U.S. 41, and proximity to the Punta Gorda Airport. The remarks also note a high traffic count of 20K+.
With Commercial General (CG) zoning, a wide range of retail, service, office, and related consumer uses are described as permitted subject to applicable regulations and distance requirements. The configuration and zoning support both portfolio income generation and potential owner-occupancy options.
Key Highlights
- 1.14 acres with 7,808 SF retail building
- Half leased and half available configuration
- Commercial General (CG) zoning
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.2k | $26.28 |
| − Vacancy | −$6.8k | −$0.87 |
| EGI | $198.4k | $25.41 |
| − OpEx | −$59.5k | −$7.62 |
| NOI | $138.9k | $17.79 |
7,808 SF · lease $26.28/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.98M
$1.74M – $2.31M
NOI $138,896 @ 7.0% cap · market cap 7.12%
Second Best
Office B
$1.38M
$1.21M – $1.61M
NOI $96,638 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,959 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 33955, FL
10,071
Population
6,872
Households
1.5
Avg Household Size
63
Median Age
31%
College-Educated
90%
High-School Grad
78.4 sq mi
ZIP Area
128
Density / Sq Mi
$76,733
Median Household Income
$38,971
Median Earnings
$1,559
Median Rent
$321,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space on Commercial General (CG) zoning, built in block construction and configured with half leased, half available space.
Where is this retail space located?
The property is located at 29291 TRIBUNE Boulevard Punta Gorda, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1.14 acres with 7,808 SF retail building; Half leased and half available configuration; Commercial General (CG) zoning
