Leased Strip Mall with Seven
For Sale
$1,999,000
3231 Tamiami Trail, Port Charlotte, FL 33952
SINGLE_FAMILY - Port Charlotte, FL
Property Size7,000 SF
Lot Size0.65 Acres
Price / SF$285.57
Days on Market48
Property Features for 3231 Tamiami Trail
General Information
Property type
Residential
Property subtype
Retail
Zoning description
CG
Directions
Tamiami Trail South bound across from Winn Dixie plaza.
Subdivision
OA01 - Out of Area
Standard status
Active
APN
402222179002
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PCH 002 014F 0021
Tax Annual Amount
7516
Legal Description
PCH 002 014F 0021
Building Details
Year built
1960
Floors in Building
1
Listing Agency:
Five Star Realty of Charlotte
(941) 637-6116
Listed By:
Catherine Sanders · License #274500107
(941) 637-6116
Added: Jul 1
Last Checked: Aug 17 at 2:06AM
MLS# 2026028516
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. 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 well-established strip mall consists of seven retail units, all currently leased. The property offers a straightforward, income-producing setup designed for tenants seeking individual storefront space within a shared center.
The building is positioned on U.S. 41 southbound in Port Charlotte, providing high-visibility exposure from the corridor. The property is located directly across from Promenades at Parkside, a new downtown development described as including upscale housing, boutique shops, fine dining, and entertainment.
For buyers looking for a retail asset with multiple in-place tenants, this center’s unit-by-unit leasing structure can provide operational simplicity compared with larger single-tenant formats. Its location on a heavily traveled roadway may appeal to retail and service concepts that benefit from consistent drive-by and surrounding-area foot traffic tied to nearby redevelopment activity. The asset’s 0.65-acre lot supports a conventional neighborhood shopping center layout for storefront occupancy.
The building is positioned on U.S. 41 southbound in Port Charlotte, providing high-visibility exposure from the corridor. The property is located directly across from Promenades at Parkside, a new downtown development described as including upscale housing, boutique shops, fine dining, and entertainment.
For buyers looking for a retail asset with multiple in-place tenants, this center’s unit-by-unit leasing structure can provide operational simplicity compared with larger single-tenant formats. Its location on a heavily traveled roadway may appeal to retail and service concepts that benefit from consistent drive-by and surrounding-area foot traffic tied to nearby redevelopment activity. The asset’s 0.65-acre lot supports a conventional neighborhood shopping center layout for storefront occupancy.
Key Highlights
- Strip mall built in 1960.
- Seven fully leased 1,000 SF units.
- Located on U.S. 41 southbound in a high‑traffic retail corridor.
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
$124,523
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
6.23%
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%
$2,490,460
$2.5M
Cap Rate 7%
$1,778,900
$1.8M
Cap Rate 9%
$1,383,589
$1.4M
Market Conditions
NOI Build-Up for 7,000 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
$184.0K $26.28/SF
− Vacancy
−$6.1K −$0.87/SF
EGI
$177.9K $25.41/SF
− OpEx
−$53.4K −$7.62/SF
NOI
$124.5K $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%
$2,490,460
Cap Rate 7%
$1,778,900
Cap Rate 9%
$1,383,589
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,523 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.01M – $2.67M
NOI $160,440 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,927
Businesses Nearby
100k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 37%
Apparel 17%
Beauty & Spa 2%
McDonald's
Dining
31,148 visits/mo
0.1 miles
Bealls
Apparel
17,023 visits/mo
0.2 miles
7-Eleven
Shops & Services
14,065 visits/mo
0.1 miles
Shell
Shops & Services
7,840 visits/mo
0.3 miles
Jarrett Ford Of Charlotte County
Shops & Services
5,272 visits/mo
0.3 miles
Demographics for 33952, FL
32,084
Population
17,682
Households
1.8
Avg Household Size
52
Median Age
20%
College-Educated
88%
High-School Grad
11.0 sq mi
ZIP Area
2,917
Density / Sq Mi
$56,117
Median Household Income
$33,999
Median Earnings
$1,249
Median Rent
$224,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Strip mall for sale featuring seven leased retail units along a southbound U.S. 41 corridor.
Where is this strip mall located?
The property is located at 3231 Tamiami Trail Port Charlotte, FL.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Strip mall built in 1960.; Seven fully leased 1,000 SF units.; Located on U.S. 41 southbound in a high‑traffic retail corridor.
