Freestanding Restaurant
For Sale
$580,000
4214 Duncan Rd, Punta Gorda, FL 33982
Includes dining, kitchen, storage, a walk-in cooler, and a separate apartment with office or storage space.
Property Size3,375 SF
Lot Size1.30 Acres
Price / SF$171.85
Days on Market78
Property Features for 4214 Duncan Rd
General Information
Standard status
Active
Size
3,375 SF
Lot size
1.30 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1954
Buildings
1
Listing Agency:
RE/MAX HARBOR REALTY
Listed By:
J. Lyn Bevis · License #306174
(941) 380-6677
Source:
Chenoregroup
Added: Jul 29
Changed: Oct 13
Last Checked: Oct 7 at 5:41PM
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 HARBOR REALTY
Investment Insights
Based on property information with market context.
This freestanding restaurant property includes a 3,400+ sq. ft. building with a dining area, kitchen, storage space, walk-in cooler, and Two (2) bathrooms. The improvements also include a Two (2) Bedroom, One (1) Bath apartment with a kitchen, along with rooms that can serve as offices and/or additional storage. A new roof was completed in August 2024.
The property encompasses 1.3 acres along Duncan Road (Hwy17), with room for outside storage behind the building. It is a short drive from Punta Gorda, I-75, Piper Road, Bermont Road, and the Punta Gorda Airport. The building was constructed in 1954 and was previously used as the Royal Thai Restaurant.
The property encompasses 1.3 acres along Duncan Road (Hwy17), with room for outside storage behind the building. It is a short drive from Punta Gorda, I-75, Piper Road, Bermont Road, and the Punta Gorda Airport. The building was constructed in 1954 and was previously used as the Royal Thai Restaurant.
Key Highlights
- 3,400+ sq. ft. building with dining area, kitchen, storage, and walk‑in cooler
- Two (2) Bedroom, One (1) Bath apartment with kitchen
- Two (2) bathrooms plus rooms for offices and/or storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,113
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,260
$902.3K
Cap Rate 7%
$644,471
$644.5K
Cap Rate 9%
$501,256
$501.3K
Market Conditions
NOI Build-Up for 3,375 SF
Gross rent
$64.0K $18.96/SF
− Vacancy
−$3.8K −$1.14/SF
EGI
$60.2K $17.82/SF
− OpEx
−$15.0K −$4.46/SF
NOI
$45.1K $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%
$902,260
Cap Rate 7%
$644,471
Cap Rate 9%
$501,256
Alternative Uses
Best Use
Specialty Retail
$644.5K
$563.9K – $751.9K
NOI $45,113 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$966.9K – $1.29M
NOI $77,355 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33982, FL
12,404
Population
6,091
Households
2
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
407.1 sq mi
ZIP Area
30
Density / Sq Mi
$68,514
Median Household Income
$43,964
Median Earnings
$1,104
Median Rent
$285,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes dining, kitchen, storage, a walk-in cooler, and a separate apartment with office or storage space.
Where is this conventional restaurant located?
The property is located at 4214 Duncan Rd Punta Gorda, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 3,400+ sq. ft. building with dining area, kitchen, storage, and walk‑in cooler; Two (2) Bedroom, One (1) Bath apartment with kitchen; Two (2) bathrooms plus rooms for offices and/or storage
