Freestanding Restaurant with 131
For Sale
Contact for pricing
3245 Tamiami Trl, Port Charlotte, FL 33952
Second-generation restaurant offering 131 seats and CG zoning with frontage on US-41.
Property Size3,144 SF
Lot Size0.34 Acres
Price / SF$361.01
Days on Market60
Property Features for 3245 Tamiami Trl
General Information
Standard status
Active
Size
3,144 SF
Lot size
0.34 Acres
Property subtype
RETAIL
Zoning
CG
Site & Location
Traffic Count
60,000 vehicles/day
Highway Access
Yes
Listing Agency:
RIPCO Real Estate | Tampa
(813) 320-0050
Listed By:
Gene Ruiz · License #SL3522718
(813) 921-5641
Source:
Moodyscre
Added: Jul 9
Changed: Aug 13
Last Checked: Sep 6 at 4:36PM
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 RIPCO Real Estate | Tampa
Investment Insights
Based on property information with market context.
3245 Tamiami Trail is a fully-equipped, freestanding, second-generation restaurant and hospitality property configured for restaurant operations. The building includes approximately 3,144 SF with seating for 131, situated on about 0.34 acres and zoned CG (Commercial General). Recent upgrades include a new roof, multiple HVAC units, and a resurfaced/restriped lot, helping limit near-term capital needs.
The site provides approximately 1,200 feet of frontage on South Tamiami Trail (US-41) and is described as having 60,000+ AADT, along with strong building and pylon signage. Daytime demand is supported by approximately 1,800+ nearby hospital employees, with additional support from national retailers and dense surrounding residential.
RIPCO Real Estate has been retained exclusively to arrange the sale of this Port Charlotte asset.
The site provides approximately 1,200 feet of frontage on South Tamiami Trail (US-41) and is described as having 60,000+ AADT, along with strong building and pylon signage. Daytime demand is supported by approximately 1,800+ nearby hospital employees, with additional support from national retailers and dense surrounding residential.
RIPCO Real Estate has been retained exclusively to arrange the sale of this Port Charlotte asset.
Key Highlights
- Fully equipped freestanding, second‑generation restaurant/hospitality asset with 3,144 SF and 131 seats
- Located on 0.34 acres and zoned CG (Commercial General)
- 20 0 FT frontage on South Tamiami Trail (US‑41) with 60,000+ AADT
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
$42,025
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
3.70%
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%
$840,500
$840.5K
Cap Rate 7%
$600,357
$600.4K
Cap Rate 9%
$466,944
$466.9K
Market Conditions
NOI Build-Up for 3,144 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
$59.6K $18.96/SF
− Vacancy
−$3.6K −$1.14/SF
EGI
$56.0K $17.82/SF
− OpEx
−$14.0K −$4.46/SF
NOI
$42.0K $13.37/SF
Area
Charlotte County, FL
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$840,500
Cap Rate 7%
$600,357
Cap Rate 9%
$466,944
Alternative Uses
Best Use
Specialty Retail
$600.4K
$525.3K – $700.4K
NOI $42,025 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$900.8K – $1.20M
NOI $72,060 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
60,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
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?
Conventional restaurant - Second-generation restaurant offering 131 seats and CG zoning with frontage on US-41.
Where is this conventional restaurant located?
The property is located at 3245 Tamiami Trl Port Charlotte, FL.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: Fully equipped freestanding, second‑generation restaurant/hospitality asset with 3,144 SF and 131 seats; Located on 0.34 acres and zoned CG (Commercial General); 20 0 FT frontage on South Tamiami Trail (US‑41) with 60,000+ AADT
