Concrete Block
For Sale
Under Contract
$289,000
322 ORGAN Street, Punta Gorda, FL 33982
MULTI_FAMILY - PUNTA GORDA, FL
Property Size1,598 SF
Lot Size0.23 Acres
Price / SF$180.85
Days on Market160
Property Features for 322 ORGAN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMF10
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 3
Parking features
Driveway
Interior features
Primary Bedroom Main Floor
Appliances
Range, Refrigerator
Subdivision
PEACE RIVER SHORES
Lot features
In County
Directions
Hwy 17 to Peace River Shores Blvd, Left on Organ St, duplex will be on the Left.
Standard status
Active Under Contract
APN
402301431007
Size
1,598 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PRS 007 000A 0030 PEACE RIVER SHORES UN 7 BLK A LT 30 380/421 556/1631 599/161 610/293 612/1321 635/90 957/2092 1640/88 3926/1171 DC4004/547-CLM DC3280381-HM PR23-680-HM LOA3295355 3329149 3329968
Tax Annual Amount
4213
Legal Description
PRS 007 000A 0030 PEACE RIVER SHORES UN 7 BLK A LT 30 380/421 556/1631 599/161 610/293 612/1321 635/90 957/2092 1640/88 3926/1171 DC4004/547-CLM DC3280381-HM PR23-680-HM LOA3295355 3329149 3329968
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1972
Number of units
1
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
REMAX LANDMARK · RE/MAX International
(863) 722-0523
Listed By:
Akos Jankura · License #3497223
(727) 773-7829
Added: Mar 5
Changed: Aug 10
Last Checked: Aug 12 at 6:06PM
MLS# C7522891
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 concrete block duplex contains approximately 1,598 square feet of living area across two units. The combined layout includes 3 bedrooms and 2 bathrooms, with a primary bedroom on the main floor. Interior features include laminate flooring, central heating, central air, range appliances, and refrigerators. The building was constructed in 1972 and is served by a shingle roof, well water, and a septic tank.
The property occupies a 0.23-acre lot measuring 80 x 125 feet. Driveway parking is provided, with additional room on the lot for boats, RVs, or storage. Both units are currently rented. The property is located in Peace River Shores, with optional community amenities that include a boat ramp, dock, park, and clubhouse. Punta Gorda, US-17, I-75, and Punta Gorda Airport are also identified in the surrounding access profile.
The property occupies a 0.23-acre lot measuring 80 x 125 feet. Driveway parking is provided, with additional room on the lot for boats, RVs, or storage. Both units are currently rented. The property is located in Peace River Shores, with optional community amenities that include a boat ramp, dock, park, and clubhouse. Punta Gorda, US-17, I-75, and Punta Gorda Airport are also identified in the surrounding access profile.
Key Highlights
- Concrete block duplex built in 1972
- Approximately 1,598 square feet across two units
- Combined unit layout includes 3 bedrooms and 2 bathrooms
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
$15,458
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
5.35%
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%
$309,160
$309.2K
Cap Rate 7%
$220,829
$220.8K
Cap Rate 9%
$171,756
$171.8K
Market Conditions
NOI Build-Up for 1,598 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
$27.2K $17.04/SF
− Vacancy
−$5.1K −$3.22/SF
EGI
$22.1K $13.82/SF
− OpEx
−$6.6K −$4.15/SF
NOI
$15.5K $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%
$309,160
Cap Rate 7%
$220,829
Cap Rate 9%
$171,756
Alternative Uses
Best Use
Multifamily LT 5
$220.8K
$193.2K – $257.6K
NOI $15,458 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$201.5K
$176.4K – $235.1K
NOI $14,108 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$523.2K
$457.8K – $610.4K
NOI $36,626 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 33982, FL
12,404
Population
6,091
Households
2
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
407.1 sq mi
ZIP Area
30
Density / Sq Mi
$68,514
Median Household Income
$43,964
Median Earnings
$1,104
Median Rent
$285,400
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Duplex - Two-unit property with central heating and cooling, driveway parking, and separate residential layouts.
Where is this duplex located?
The property is located at 322 ORGAN Street Punta Gorda, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Concrete block duplex built in 1972; Approximately 1,598 square feet across two units; Combined unit layout includes 3 bedrooms and 2 bathrooms
