Prime Commercial Opportunity on
For Sale
$795,000
3570 TAMIAMI TRL, Port Charlotte, FL 33952
High-visibility commercial property with redevelopment potential on US-41 in Port Charlotte.
Property Size3,338 SF
Lot Size0.75 Acres
Days on Market111
Property Features for 3570 TAMIAMI TRL
General Information
Standard status
Active
Size
3,338 SF
Lot size
0.75 Acres
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$9,324
Building Details
Building Size
3,338 SF
Year Built
1983
Listing Agency:
RE/MAX PALM REALTY
(941) 585-3787
Listed By:
Nick Demers · License #3365095
Source:
Nixandassociates
Added: May 14
Changed: Aug 25
Last Checked: Aug 31 at 12:12AM
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 RE/MAX PALM REALTY
Investment Insights
Based on property information with market context.
This commercial property is located on US-41 in Port Charlotte. The existing structure, formerly a bank, features six bay openings each 10.3 feet in height, offering flexibility for redevelopment or adaptive reuse. Concept renderings suggest potential uses such as car washes, vehicle sales, or mechanics. The property has 200 feet of frontage along US-41, with approximately 45,500 vehicles passing daily. The site includes almost 3/4 acre of land with Commercial General zoning. City water and city sewer are in place. The interior of the building has electrical and plumbing for a restroom, and a full concrete build including interior walls. Accessibility is enhanced by a median break and three curb cuts, with proximity to the Harbor Boulevard intersection. The property is located directly across from national tire retailers. Additional curb cut parcels around 0.18 acres are included, offering potential uses such as expansion, signage, or more parking. The location offers access to Interstate 75, cultural attractions, and waterfront parks. The area has a growing population and a strong average household income. Major retailers and businesses are located within a 1.5 mile radius. Punta Gorda Airport is 8.5 miles away. The property has a bike score of 58, indicating it is bikeable, and a walk score of 59, indicating it is somewhat walkable.
Key Highlights
- High‑visibility location on US‑41 with 200 feet of frontage and approximately 45,500 vehicles passing daily.
- Existing structure with six 10.3‑foot bay openings, suitable for redevelopment or adaptive reuse.
- Almost 3/4 acre of contiguous land with Commercial General (CG) zoning, allowing diverse commercial uses.
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
$59,379
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
7.47%
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%
$1,187,580
$1.2M
Cap Rate 7%
$848,271
$848.3K
Cap Rate 9%
$659,767
$659.8K
Market Conditions
NOI Build-Up for 3,338 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
$87.7K $26.28/SF
− Vacancy
−$2.9K −$0.87/SF
EGI
$84.8K $25.41/SF
− OpEx
−$25.4K −$7.62/SF
NOI
$59.4K $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%
$1,187,580
Cap Rate 7%
$848,271
Cap Rate 9%
$659,767
Alternative Uses
Best Use
Retail
$848.3K
$742.2K – $989.7K
NOI $59,379 @ 7.0% cap · market cap 7.47%
Second Best
Industrial
$368.5K
$322.5K – $429.9K
NOI $25,796 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.09M
$956.3K – $1.28M
NOI $76,507 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 15%
Home Improvements & Furnishings 6%
7-Eleven
Shops & Services
14,065 visits/mo
0.5 miles
SUBWAY
Dining
3,270 visits/mo
0.5 miles
AutoZone
Shops & Services
2,885 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,451 visits/mo
0.5 miles
Mavis Discount Tire
Shops & Services
670 visits/mo
0.1 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
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?
Automotive property - High-visibility commercial property with redevelopment potential on US-41 in Port Charlotte.
Where is this automotive property located?
The property is located at 3570 TAMIAMI TRL Port Charlotte, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: High‑visibility location on US‑41 with 200 feet of frontage and approximately 45,500 vehicles passing daily.; Existing structure with six 10.3‑foot bay openings, suitable for redevelopment or adaptive reuse.; Almost 3/4 acre of contiguous land with Commercial General (CG) zoning, allowing diverse commercial uses.
