Renovated Retail Storefront with Pylon
New
For Sale
Contact for pricing
340 South Tamiami Trail, Port Charlotte, FL 33953
Air-conditioned retail building with a separate office, highway frontage, CG zoning, and included business assets.
Property Size1,824 SF
Lot Size0.34 Acres
Price / SF$383.22
Days on Market6
Property Features for 340 South Tamiami Trail
General Information
Standard status
Active
Size
1,824 SF
Class
B
Total Parking Spaces
20
Lot size
0.34 Acres
Property subtype
Retail
Zoning
CG
Occupancy
100%
Lease Type
Gross
Net Operating Income
$54,000
Financials
Gross Income
$60,000
Business Included
Yes
Additional Details
Pylon Signage
Yes
Building Details
Year Built
1990
Buildings
2
Units
1
Tenancy
Single
Listing Agency:
Merritt Realty Corporation
(941) 270-9970
Listed By:
Kevin Riordan · License #SL3632578
Source:
Crexi
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 15 at 3:19AM
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 Merritt Realty Corporation
Investment Insights
Based on property information with market context.
This renovated retail property combines a 1,584-square-foot air-conditioned storefront with a permitted 12×20 shed office, creating 1,824 square feet of improved space. The offering includes furniture, fixtures, equipment, a Smart Car, and the established Puffen Stuff smoke shop business. Improvements include a new roof, UV water purification system, and upgraded interior build-out. A permitted highway pylon sign serves the property along US-41, while the 15,000-square-foot lot provides the site area for the existing improvements.
The property is located at 340 South Tamiami Trail in Port Charlotte and carries CG zoning. The source information also identifies rental history and states that the package may be paired with a complementary three-bay auto service facility across US-41. Punta Gorda, Englewood, Venice, and the broader Charlotte County market are identified as accessible from the property.
The property is located at 340 South Tamiami Trail in Port Charlotte and carries CG zoning. The source information also identifies rental history and states that the package may be paired with a complementary three-bay auto service facility across US-41. Punta Gorda, Englewood, Venice, and the broader Charlotte County market are identified as accessible from the property.
Key Highlights
- 1,824 SF of improved space, including a 1,584 SF retail building and 12×20 shed office
- 15,000 SF lot with CG zoning
- Direct US‑41 frontage with permitted highway pylon sign
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
$32,447
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
4.64%
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%
$648,940
$648.9K
Cap Rate 7%
$463,529
$463.5K
Cap Rate 9%
$360,522
$360.5K
Market Conditions
NOI Build-Up for 1,824 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
$47.9K $26.28/SF
− Vacancy
−$1.6K −$0.87/SF
EGI
$46.4K $25.41/SF
− OpEx
−$13.9K −$7.62/SF
NOI
$32.4K $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%
$648,940
Cap Rate 7%
$463,529
Cap Rate 9%
$360,522
Alternative Uses
Best Use
Retail
$463.5K
$405.6K – $540.8K
NOI $32,447 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.2K
$522.6K – $696.8K
NOI $41,806 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
959
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Grease Monkey
Shops & Services
959 visits/mo
0.3 miles
Demographics for 33953, FL
6,882
Population
4,339
Households
1.6
Avg Household Size
64
Median Age
31%
College-Educated
97%
High-School Grad
16.1 sq mi
ZIP Area
427
Density / Sq Mi
$77,227
Median Household Income
$33,257
Median Earnings
$1,817
Median Rent
$332,200
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?
Storefront property - Air-conditioned retail building with a separate office, highway frontage, CG zoning, and included business assets.
Where is this storefront property located?
The property is located at 340 South Tamiami Trail Port Charlotte, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,824 SF of improved space, including a 1,584 SF retail building and 12×20 shed office; 15,000 SF lot with CG zoning; Direct US‑41 frontage with permitted highway pylon sign
