Restaurant with Covered
New
For Sale
$1,700,000
3883 TAMIAMI TRAIL, Port Charlotte, FL 33952
Kitchen equipment, a bar and lounge, and outdoor dining areas are part of the restaurant layout.
Property Size6,072 SF
Price / SF$279.97
Days on Market7
Property Features for 3883 TAMIAMI TRAIL
General Information
Standard status
Active
Size
6,072 SF
Property subtype
Restaurant
Site & Location
Drive-Thru
No
Highway Access
Yes
Restaurant
Commercial Hood
Yes
Patio
Yes
Equipment Included
Yes
Building Details
Year Built
1974
Buildings
1
Listing Agency:
KELLER WILLIAMS ON THE WATER S
(941) 803-7522
Listed By:
Erica Smentowski · License #3516441
(941) 704-0611
Source:
Endlesssummerrealty
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 16 at 8:07AM
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 KELLER WILLIAMS ON THE WATER S
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Investment Insights
Based on property information with market context.
The restaurant includes seating for 150, a bar and lounge, a waiting area, and two outdoor dining areas, one of them covered with ceiling fans. Kitchen equipment includes two natural-gas Montague dual pizza ovens, a 16-foot hood, a deep fryer, a range and oven, a walk-in cooler and freezer, and dough-preparation equipment with a large mixer. Two secured storage areas are also on site.
The property is on Tamiami Trail, with access from US 41. Patron parking is available, and an adjoining lot is identified for employee parking.
The property is on Tamiami Trail, with access from US 41. Patron parking is available, and an adjoining lot is identified for employee parking.
Key Highlights
- Restaurant seating for 150, plus additional patio dining
- Covered patio has ceiling fans and wiring for sports broadcasts
- Two natural‑gas Montague dual pizza ovens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,163
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,623,260
$1.6M
Cap Rate 7%
$1,159,471
$1.2M
Cap Rate 9%
$901,811
$901.8K
Market Conditions
NOI Build-Up for 6,072 SF
Gross rent
$115.1K $18.96/SF
− Vacancy
−$6.9K −$1.14/SF
EGI
$108.2K $17.82/SF
− OpEx
−$27.1K −$4.46/SF
NOI
$81.2K $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 Rate 5%
$1,623,260
Cap Rate 7%
$1,159,471
Cap Rate 9%
$901,811
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,163 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,170 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
217
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Kitchen equipment, a bar and lounge, and outdoor dining areas are part of the restaurant layout.
Where is this conventional restaurant located?
The property is located at 3883 TAMIAMI TRAIL Port Charlotte, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Restaurant seating for 150, plus additional patio dining; Covered patio has ceiling fans and wiring for sports broadcasts; Two natural‑gas Montague dual pizza ovens
