Seven-Unit Strip
For Sale
$1,999,000
3231 Tamiami Trail A-g, Port Charlotte, FL 33952
Fully leased retail center positioned along the southbound U.S. 41 corridor.
Property Size7,870 SF
Price / SF$254
Days on Market40
Property Features for 3231 Tamiami Trail A-g
General Information
Standard status
Active
Size
7,870 SF
Occupancy
100%
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
FIVE STAR REALTY OF CHARLOTTE
(941) 457-4571
Listed By:
Monica Vallee · License #3241635
Source:
Chenoregroup
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 25 at 4:16AM
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 FIVE STAR REALTY OF CHARLOTTE
Investment Insights
Based on property information with market context.
This established strip mall contains seven fully leased retail units, each measuring 1,000 square feet, within a 7,870-square-foot property. Constructed in 1960, the center is configured for multiple retail occupants and provides an existing leased-up operating profile.
The property fronts southbound U.S. 41 and sits directly across from Promenades at Parkside, a planned downtown development with upscale housing, boutique shops, fine dining, and entertainment. Charlotte Harbor is also located minutes away, placing the center near an established waterfront destination and an expanding mix of commercial and residential activity.
The property fronts southbound U.S. 41 and sits directly across from Promenades at Parkside, a planned downtown development with upscale housing, boutique shops, fine dining, and entertainment. Charlotte Harbor is also located minutes away, placing the center near an established waterfront destination and an expanding mix of commercial and residential activity.
Key Highlights
- Seven fully leased retail units
- Each unit measures 1,000 square feet
- 7,870‑square‑foot strip mall property
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 - Fully leased retail center positioned along the southbound U.S. 41 corridor.
Where is this strip mall located?
The property is located at 3231 Tamiami Trail A-g 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: Seven fully leased retail units; Each unit measures 1,000 square feet; 7,870‑square‑foot strip mall property
