Rehabilitation Therapy Medical
For Sale
Contact for pricing
3417 Tamiami Trl. Unit A, Port Charlotte, FL 33952
Built-out medical office condo with reception, office/exam rooms, and a large physical therapy room.
Property Size3,187 SF
Price / SF$274.55
Days on Market136
Property Features for 3417 Tamiami Trl. Unit A
General Information
Standard status
Active
Size
3,187 SF
Property subtype
Office
Zoning
CG - Commercial General
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Woodyard & Associates, LLC
Listed By:
Tom Woodyard · License #FL 500709
(239) 425-6000
Source:
Crexi
Added: Apr 23
Changed: Sep 2
Last Checked: Sep 1 at 10:19PM
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 Woodyard & Associates, LLC
Investment Insights
Based on property information with market context.
This medical office condo is currently used as a Rehabilitation Therapy office and features a reception/welcome area, multiple office/exam rooms, and a large physical therapy room. Additional improvements include a supply room, two restrooms, and a kitchenette, providing a functional layout for therapy and related administrative use.
The property is located directly on S. Tamiami Trail/US 41, just east of Harbor Blvd. Signage is available.
Unit A provides a condo-style configuration within this high-profile frontage setting, with interior spaces designed to support patient intake, office workflow, and therapy operations.
The property is located directly on S. Tamiami Trail/US 41, just east of Harbor Blvd. Signage is available.
Unit A provides a condo-style configuration within this high-profile frontage setting, with interior spaces designed to support patient intake, office workflow, and therapy operations.
Key Highlights
- Built‑out medical office condo currently used as a rehabilitation therapy office
- Directly on S. Tamiami Trail / US 41, just east of Harbor Blvd. in Port Charlotte
- Includes reception/welcome area plus several office/exam rooms
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
$44,565
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
5.09%
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%
$891,300
$891.3K
Cap Rate 7%
$636,643
$636.6K
Cap Rate 9%
$495,167
$495.2K
Market Conditions
NOI Build-Up for 3,187 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
$83.0K $26.04/SF
− Vacancy
−$8.7K −$2.73/SF
EGI
$74.3K $23.31/SF
− OpEx
−$29.7K −$9.32/SF
NOI
$44.6K $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%
$891,300
Cap Rate 7%
$636,643
Cap Rate 9%
$495,167
Alternative Uses
Best Use
Healthcare Medical
$636.6K
$557.1K – $742.8K
NOI $44,565 @ 7.0% cap · market cap 5.09%
Second Best
Office B
$563.5K
$493.1K – $657.4K
NOI $39,445 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.04M
$913.1K – $1.22M
NOI $73,046 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,546
Businesses Nearby
Under-served
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 - Built-out medical office condo with reception, office/exam rooms, and a large physical therapy room.
Where is this medical office space located?
The property is located at 3417 Tamiami Trl. Unit A Port Charlotte, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Built‑out medical office condo currently used as a rehabilitation therapy office; Directly on S. Tamiami Trail / US 41, just east of Harbor Blvd. in Port Charlotte; Includes reception/welcome area plus several office/exam rooms
