Leased Strip Retail
For Sale
$1,999,000
3231 TAMIAMI Trail, Port Charlotte, FL 33952
Commercial Sale, PORT CHARLOTTE, FL
Property Size7,870 SF
Lot Size0.65 Acres
Price / SF$254
Days on Market74
Property Features for 3231 TAMIAMI Trail
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CG
Subdivision
PORT CHARLOTTE SEC 002
Directions
US 41 South
Standard status
Active
APN
402222179002
Size
7,870 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PCH 002 014F 0021 PORT CHARLOTTE SEC 2 BLK 14F LTS 21 22 & 40 FT VAC STRIP WITHIN EXTENDED PROPERTY LINES 258/80 346/137 346/142 872/1732 DC1112/1643 1137/1571 4423/18 PCH 002 014F 0023 PORT CHARLOTTE SEC 2 BLK 14F LT23 & 40 FT VAC STRIP WITHIN EXTEN DED PROP LINES
Tax Annual Amount
14229
Legal Description
PCH 002 014F 0021 PORT CHARLOTTE SEC 2 BLK 14F LTS 21 22 & 40 FT VAC STRIP WITHIN EXTENDED PROPERTY LINES 258/80 346/137 346/142 872/1732 DC1112/1643 1137/1571 4423/18 PCH 002 014F 0023 PORT CHARLOTTE SEC 2 BLK 14F LT23 & 40 FT VAC STRIP WITHIN EXTEN DED PROP LINES
Utilities
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
1
Building materials
Block, Stucco
Listing Agency:
FIVE STAR REALTY OF CHARLOTTE
(941) 637-6116
Listed By:
Monica Vallee · License #3241635
(941) 457-4571
Added: Jun 24
Changed: Aug 24
Last Checked: Sep 5 at 11:06AM
MLS# C7527759
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 strip retail center contains 7,870 square feet within a seven-unit configuration. Each unit measures 1,000 square feet, and all seven units are fully leased. The building was constructed in 1960 with block and stucco materials and is served by central air conditioning. The property is zoned CG.
Located on the southbound side of U.S. 41 at 3231 Tamiami Trail in Port Charlotte, the center sits across from the Promenades at Parkside development. Charlotte Harbor is located just minutes away. The property combines an established retail layout with a prominent corridor setting and a documented multi-tenant occupancy profile.
Located on the southbound side of U.S. 41 at 3231 Tamiami Trail in Port Charlotte, the center sits across from the Promenades at Parkside development. Charlotte Harbor is located just minutes away. The property combines an established retail layout with a prominent corridor setting and a documented multi-tenant occupancy profile.
Key Highlights
- 7,870‑square‑foot strip retail center with seven 1,000‑square‑foot units
- All seven units are fully leased
- Located on southbound U.S. 41 at 3231 Tamiami Trail
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
$139,999
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
7.00%
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%
$2,799,980
$2.8M
Cap Rate 7%
$1,999,986
$2.0M
Cap Rate 9%
$1,555,544
$1.6M
Market Conditions
NOI Build-Up for 7,870 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
$206.8K $26.28/SF
− Vacancy
−$6.8K −$0.87/SF
EGI
$200.0K $25.41/SF
− OpEx
−$60.0K −$7.62/SF
NOI
$140.0K $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%
$2,799,980
Cap Rate 7%
$1,999,986
Cap Rate 9%
$1,555,544
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.33M
NOI $139,999 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,380 @ 7.0% cap · market cap 9.02%
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
1,841
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 33%
Apparel 15%
Home Improvements & Furnishings 9%
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
0.3 miles
Sunshine Ace Hardware Inc
Home Improvements & Furnishings
8,470 visits/mo
0.4 miles
Shell
Shops & Services
7,840 visits/mo
0.2 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 - Seven occupied retail units offer an established multi-tenant commercial configuration with central air conditioning.
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: 7,870‑square‑foot strip retail center with seven 1,000‑square‑foot units; All seven units are fully leased; Located on southbound U.S. 41 at 3231 Tamiami Trail
