Versatile Investment Opportunity Near
For Sale
$1,950,000
29291 Tribune Boulevard 4-109, Punta Gorda, FL 33955
Commercial property suitable for retail, office, or service-oriented businesses.
Property Size7,808 SF
Lot Size1.14 Acres
Price / SF$249.74
Days on Market183
Property Features for 29291 Tribune Boulevard 4-109
General Information
Standard status
Active
Size
7,808 SF
Lot size
1.14 Acres
Building Details
Year Built
2008
Listing Agency:
REALTY ONE GROUP MVP
Listed By:
Joanne Fultz · License #3449480
(937) 232-3070
Source:
Livewelltampabay
Added: Mar 10
Changed: Sep 8
Last Checked: Sep 8 at 4:53AM
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 REALTY ONE GROUP MVP
Investment Insights
Based on property information with market context.
This commercial property, situated on 1.14 acres in the Punta Gorda Airport District, offers visibility and accessibility. Zoned Commercial General, the property allows for retail, office, or service-oriented businesses. Permitted uses include retail and consumer services such as shopping centers, furniture stores, pharmacies, and convenience stores, as well as full-service and fast-food restaurants, bars, and nightclubs. Service-oriented businesses like medical and dental offices, veterinary clinics, beauty salons, and dry cleaners are also permitted, along with professional offices for real estate, law, accounting, insurance, and financial services. The zoning also accommodates hospitality and recreation uses, including hotels, fitness centers, and automotive-related businesses such as car washes and repair shops. Other flexible options include banks with drive-thru facilities, child care centers, churches, and light storage and warehousing. The property is located minutes from I-75, U.S. 41, and Punta Gorda Airport. The property is half leased and half available. The location is experiencing rapid population growth and development.
Key Highlights
- Prime location in the rapidly growing Punta Gorda Airport District with high visibility and accessibility.
- Versatile Commercial General zoning allows for a wide range of retail, office, service, and other business uses.
- Cash‑flowing investment opportunity** with half the property currently leased and half available for owner occupancy or additional tenants.
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
$138,896
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
7.12%
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%
$2,777,920
$2.8M
Cap Rate 7%
$1,984,229
$2.0M
Cap Rate 9%
$1,543,289
$1.5M
Market Conditions
NOI Build-Up for 7,808 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
$205.2K $26.28/SF
− Vacancy
−$6.8K −$0.87/SF
EGI
$198.4K $25.41/SF
− OpEx
−$59.5K −$7.62/SF
NOI
$138.9K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /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%
$2,777,920
Cap Rate 7%
$1,984,229
Cap Rate 9%
$1,543,289
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
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 property - Commercial property suitable for retail, office, or service-oriented businesses.
Where is this retail property located?
The property is located at 29291 Tribune Boulevard 4-109 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: Prime location in the rapidly growing Punta Gorda Airport District with **high visibility and accessibility**.; Versatile Commercial General zoning allows for a wide range of retail, office, service, and other business uses.; Cash‑flowing investment opportunity** with half the property currently leased and half available for owner occupancy or additional tenants.
