Medical Condominium Suite
For Sale
$650,000
3300 TAMIAMI TRAIL, Port Charlotte, FL 33952
Two medical office suites in Promenades Professional Center, with one occupied and one vacant for customization.
Property Size3,960 SF
Price / SF$164.14
Days on Market142
Property Features for 3300 TAMIAMI TRAIL
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$9,086
Amenities
Central Air
3
Paved Driveway, Lighted.
Flood Zone, Close To Shops, Paved Road.
Building Details
Year Built
1993
Stories
1
Listing Agency:
MARINA PARK REALTY LLC
(941) 205-0888
Listed By:
Brandi Van Schoyck · License #3475580
Source:
Xome
Added: Apr 13
Changed: Aug 22
Last Checked: Aug 31 at 1:28PM
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 MARINA PARK REALTY LLC
Investment Insights
Based on property information with market context.
Located within Promenades Professional Center, this ±3,960-square-foot medical condominium is configured as two distinct suites, Suites 102A and 102B. One suite is currently occupied, while the other suite is vacant and without flooring or interior build-out, allowing a new owner to design the space to their specifications. A shared foyer connects the suites, and a lock-off door allows the space to be divided for independent use.
The property is positioned along Tamiami Trail and benefits from access and visibility within a professionally maintained office complex with ample parking for staff and patients.
The existing layout is suited for healthcare and professional use, with room configurations that can accommodate exam rooms, treatment areas, and administrative offices.
The property is positioned along Tamiami Trail and benefits from access and visibility within a professionally maintained office complex with ample parking for staff and patients.
The existing layout is suited for healthcare and professional use, with room configurations that can accommodate exam rooms, treatment areas, and administrative offices.
Key Highlights
- 3,960 SF medical condominium in Promenades Professional Center with two suites (102A and 102B)
- One suite currently occupied by an established tenant, while the second suite is vacant
- Vacant suite has no flooring or interior build‑out, allowing customization to your needs
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
$55,375
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
8.52%
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%
$1,107,500
$1.1M
Cap Rate 7%
$791,071
$791.1K
Cap Rate 9%
$615,278
$615.3K
Market Conditions
NOI Build-Up for 3,960 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
$103.1K $26.04/SF
− Vacancy
−$10.8K −$2.73/SF
EGI
$92.3K $23.31/SF
− OpEx
−$36.9K −$9.32/SF
NOI
$55.4K $13.98/SF
Area
Charlotte County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$1,107,500
Cap Rate 7%
$791,071
Cap Rate 9%
$615,278
Alternative Uses
Best Use
Healthcare Medical
$791.1K
$692.2K – $922.9K
NOI $55,375 @ 7.0% cap · market cap 8.52%
Second Best
Office B
$700.2K
$612.7K – $816.9K
NOI $49,012 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,763 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,927
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical office suites in Promenades Professional Center, with one occupied and one vacant for customization.
Where is this medical office space located?
The property is located at 3300 TAMIAMI TRAIL Port Charlotte, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,960 SF medical condominium in Promenades Professional Center with two suites (102A and 102B); One suite currently occupied by an established tenant, while the second suite is vacant; Vacant suite has no flooring or interior build‑out, allowing customization to your needs
