Duplex with Parking
For Sale
$599,999
301 E VIRGINIA AVENUE, Punta Gorda, FL 33950
Built in 2026, this duplex offers central air, elevated ceilings, stone counters, and contemporary household appliances.
Property Size2,880 SF
Price / SF$223.21
Days on Market153
Property Features for 301 E VIRGINIA AVENUE
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$568
Amenities
Central Air
Central, Electric
Dishwasher, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
High Ceilings, Stone Counters, Walk-In Closet(s)
Parking Pad
Building Details
Building Size
2,880 SF
Year Built
2026
Listing Agency:
ALLISON JAMES ESTATES & HOMES
(941) 626-1733
Listed By:
Tracey Wadsworth · License #3380917
(941) 626-1733
Source:
Evrealestate
Added: Apr 2
Changed: Aug 31
Last Checked: Aug 31 at 2:02PM
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 ALLISON JAMES ESTATES & HOMES
Investment Insights
Based on property information with market context.
Located at 301 E Virginia Avenue in Punta Gorda, this duplex was built in 2026 and contains 2,688 square feet of property area. Interior features include central air, central electric service, high ceilings, stone counters, and walk-in closets. The property also includes a dishwasher, dryer, microwave, range, refrigerator, tankless water heater, and washer.
A parking pad is provided on the exterior. Access is available from 41 N by turning onto East Virginia Avenue, with the duplex positioned on the right. The property is in Charlotte County and carries a Punta Gorda, Florida address.
A parking pad is provided on the exterior. Access is available from 41 N by turning onto East Virginia Avenue, with the duplex positioned on the right. The property is in Charlotte County and carries a Punta Gorda, Florida address.
Key Highlights
- Duplex built in 2026
- 2,688 square feet of property area
- Central air and central electric service
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
$26,003
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
4.33%
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%
$520,060
$520.1K
Cap Rate 7%
$371,471
$371.5K
Cap Rate 9%
$288,922
$288.9K
Market Conditions
NOI Build-Up for 2,688 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
$45.8K $17.04/SF
− Vacancy
−$8.7K −$3.22/SF
EGI
$37.1K $13.82/SF
− OpEx
−$11.1K −$4.15/SF
NOI
$26.0K $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%
$520,060
Cap Rate 7%
$371,471
Cap Rate 9%
$288,922
Alternative Uses
Best Use
Multifamily LT 5
$371.5K
$325.0K – $433.4K
NOI $26,003 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$339.0K
$296.6K – $395.5K
NOI $23,731 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$880.1K
$770.1K – $1.03M
NOI $61,609 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2026, this duplex offers central air, elevated ceilings, stone counters, and contemporary household appliances.
Where is this duplex located?
The property is located at 301 E VIRGINIA AVENUE Punta Gorda, FL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Duplex built in 2026; 2,688 square feet of property area; Central air and central electric service
