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 Market33
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
(941) 380-6677
Listed By:
J. Lyn Bevis · License #306174
Source:
Livewelltampabay
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 25 at 5:03AM
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 = 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
$45,113
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
7.78%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
