Italian Restaurant with
For Sale
Contact for pricing
3883 Tamiami Trl, Port Charlotte, FL 33952
Restaurant property includes FF&E, city water and sewer, and an additional rear lot.
Property Size5,776 SF
Lot Size0.72 Acres
Price / SF$385.21
Days on Market21
Property Features for 3883 Tamiami Trl
General Information
Standard status
Active
Size
5,776 SF
Class
B
Lot size
0.72 Acres
Property subtype
Retail, Hospitality
Zoning
CG/RSF3.5
Restaurant
Seating Capacity
150
Equipment Included
Yes
Additional Details
Furnished
Yes
Utilities to Site
Yes
Building Details
Year Renovated
2022
Buildings
1
Units
1
Listing Agency:
Maxim Commercial Real Estate LLC
(941) 621-2202
Listed By:
Charles Thomas · License #FL 63030
Source:
Crexi
Added: Jul 23
Changed: Aug 10
Last Checked: Aug 11 at 6:31AM
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 Maxim Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Luigi’s Italian Restaurant & Pizzeria occupies a 5,776-square-foot building configured for restaurant operations, with seating for 150 guests. The offering includes the real estate and FFE, providing a complete physical package for continued restaurant use. A replacement roof was installed in 2022.
Located at 3883 Tamiami Trl in Port Charlotte, the property sits on 0.722 acres and includes an additional rear lot. City water and city sewer serve the site, which carries CG/RSF3.5 zoning.
Located at 3883 Tamiami Trl in Port Charlotte, the property sits on 0.722 acres and includes an additional rear lot. City water and city sewer serve the site, which carries CG/RSF3.5 zoning.
Key Highlights
- 5,776‑square‑foot restaurant building with seating for 150
- Real estate and FFE included in the offering
- 0.722‑acre property with an additional rear lot
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
$77,207
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
3.47%
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%
$1,544,140
$1.5M
Cap Rate 7%
$1,102,957
$1.1M
Cap Rate 9%
$857,856
$857.9K
Market Conditions
NOI Build-Up for 5,776 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
$109.5K $18.96/SF
− Vacancy
−$6.6K −$1.14/SF
EGI
$102.9K $17.82/SF
− OpEx
−$25.7K −$4.46/SF
NOI
$77.2K $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 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%
$1,544,140
Cap Rate 7%
$1,102,957
Cap Rate 9%
$857,856
Alternative Uses
Best Use
Specialty Retail
$1.10M
$965.1K – $1.29M
NOI $77,207 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.21M
NOI $132,386 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,927
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 37%
Apparel 17%
Beauty & Spa 2%
McDonald's
Dining
31,148 visits/mo
0.1 miles
Bealls
Apparel
17,023 visits/mo
0.2 miles
7-Eleven
Shops & Services
14,065 visits/mo
0.1 miles
Shell
Shops & Services
7,840 visits/mo
0.3 miles
Jarrett Ford Of Charlotte County
Shops & Services
5,272 visits/mo
0.3 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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property includes FF&E, city water and sewer, and an additional rear lot.
Where is this conventional restaurant located?
The property is located at 3883 Tamiami Trl Port Charlotte, FL.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: 5,776‑square‑foot restaurant building with seating for 150; Real estate and FFE included in the offering; 0.722‑acre property with an additional rear lot
