Building Details

Year Built 2024

Stories 1

Units 1

Listed By: Terrence Tracy Show Phone

Added: Jan 23 Changed: Mar 16

Report an Issue

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This non-residential storage condo, located in Rotonda West, Florida, offers a secure and private storage solution. The unit measures 24 feet by 52 feet with a height of 16 feet, providing ample space for multiple vehicles, including cars, RVs, boats, and trailers. Constructed with solid concrete walls and a roof, the unit is fireproof. It features climate control, LED lighting, ceiling fans, multiple outlets along the walls, a 50 AMP outlet, WIFI service, a convenient dumpster, a utility sink on the back wall, and a water spigot at the entrance. The flooring is epoxy. The upgraded garage door includes windows and a remote, while the man door is keyless. The area is fully fenced with remote entry gates, fully paved with a large turning radius, and monitored by cameras. Access is facilitated by side roads for easy entry and exit.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,645

Cap Rate

3.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$192,900 $192.9K

Cap Rate 7%

$137,786 $137.8K

Cap Rate 9%

$107,167 $107.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,248 SF

Gross rent

$15.0K $12.00/SF

− Vacancy

−$1.2K −$0.96/SF

EGI

$13.8K $11.04/SF

− OpEx

−$4.1K −$3.31/SF

NOI

$9.6K $7.73/SF

Area

Charlotte County, FL

Vacancy

8.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$192,900

Cap Rate 7%

$137,786

Cap Rate 9%

$107,167

Alternative Uses

Best Use

Industrial

$137.8K

$120.6K – $160.8K (±1% cap)

NOI $9,645 @ 7.0% cap · market cap 3.61%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$408.6K

$357.6K – $476.7K (±1% cap)

NOI $28,604 @ 7.0% cap · market cap 10.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Parking lots & garages

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33981, FL

13,574

Population

7,808

Households

1.7

Avg Household Size

59

Median Age

27%

College-Educated

93%

High-School Grad

45.4 sq mi

ZIP Area

299

Density / Sq Mi

$71,266

Median Household Income

$36,931

Median Earnings

$1,198

Median Rent

$355,600

Median Home Value

Similar For Sale Nearby

See more

Retail

8495 Placida Rd, Placida, FL 33946

Contact for pricing

3,300 SF

View details

Commercial Land Parcel

4270 Cape Haze Dr, Placida, FL 33946

$59,000

0.24 Acres

View details

Frequently Asked Questions

What type of property is this?

Parking lot & garage - Non-Residential Storage Condo

Where is this parking lot & garage located?

The property is located at 41 Chardon Rd Unit G8 Placida, FL.

What is the asking price?

The asking price for this property is $267,000.