Freestanding Car Wash and Auto
For Sale
$2,150,000
4732 Tamiami Trail, Port Charlotte, FL 33980
Freestanding car wash building on a corner site with drive-through access and CHMU zoning for multiple automotive and service uses.
Property Size6,287 SF
Lot Size0.61 Acres
Price / SF$341.98
Days on Market82
Property Features for 4732 Tamiami Trail
General Information
Standard status
Active
Size
6,287 SF
Lot size
0.61 Acres
Zoning
CHMU Mixed Use
Taxes and HOA fees
Annual Taxes
$8,567
Building Details
Building Size
6,287 SF
Year Built
1985
Buildings
1
Stories
1
Listing Agency:
ONE Commercial LLC
Listed By:
Sara Dorfman · License #3339756
(305) 906-2753
Source:
Laerrealty
Added: Jun 15
Changed: Sep 4
Last Checked: Sep 2 at 3:18PM
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 ONE Commercial LLC
Investment Insights
Based on property information with market context.
The property consists of a 6,287 SF freestanding building on 0.61 acres, previously operated as a car wash, along with a large paved area for customer flow, sales, or storage. The site is described as having established utility connections, drive-through access, and a layout that supports convenient ingress and egress.
Located along Tamiami Trail (US-41) in Port Charlotte’s “Charlotte Harbor” neighborhood, the site offers exposure to both northbound and southbound traffic. The frontage and corner-style exposure are paired with full ingress/egress and ample on-site parking, supporting a range of day-to-day commercial activity.
CHMU (Charlotte Harbor Mixed Use) zoning provides a broad, automotive- and equipment-oriented entitlement framework, including auto sales, repair, and storage, body and fender shops/commercial garages, and car wash use. Additional supported categories referenced in the remarks include marine equipment, motorcycle, and mobile home sales, construction vehicle sales, and restaurant (1st generation), among other mixed-use service concepts. This makes the site workable for an owner-operator seeking an existing automotive footprint, or for a buyer planning conversion or repositioning within the mixed-use zoning parameters.
Located along Tamiami Trail (US-41) in Port Charlotte’s “Charlotte Harbor” neighborhood, the site offers exposure to both northbound and southbound traffic. The frontage and corner-style exposure are paired with full ingress/egress and ample on-site parking, supporting a range of day-to-day commercial activity.
CHMU (Charlotte Harbor Mixed Use) zoning provides a broad, automotive- and equipment-oriented entitlement framework, including auto sales, repair, and storage, body and fender shops/commercial garages, and car wash use. Additional supported categories referenced in the remarks include marine equipment, motorcycle, and mobile home sales, construction vehicle sales, and restaurant (1st generation), among other mixed-use service concepts. This makes the site workable for an owner-operator seeking an existing automotive footprint, or for a buyer planning conversion or repositioning within the mixed-use zoning parameters.
Key Highlights
- +/- 6,287 SF freestanding building on a 0.61‑acre corner site on Tamiami Trail (US‑41) in Port Charlotte
- CHMU (Charlotte Harbor Mixed Use) zoning supports a broad range of automotive and equipment‑related uses, including auto sales, repair, storage, and car wash
- Drive‑through access and full ingress/egress with a large paved area for sales, storage, or customer flow
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
$111,839
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
5.20%
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%
$2,236,780
$2.2M
Cap Rate 7%
$1,597,700
$1.6M
Cap Rate 9%
$1,242,656
$1.2M
Market Conditions
NOI Build-Up for 6,287 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
$165.2K $26.28/SF
− Vacancy
−$5.5K −$0.87/SF
EGI
$159.8K $25.41/SF
− OpEx
−$47.9K −$7.62/SF
NOI
$111.8K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
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%
$2,236,780
Cap Rate 7%
$1,597,700
Cap Rate 9%
$1,242,656
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.86M
NOI $111,839 @ 7.0% cap · market cap 5.20%
Second Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,037 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,098 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 37%
Ollie's Bargain Outlet
Shops & Services
24,806 visits/mo
0.4 miles
McDonald's
Dining
22,444 visits/mo
0.2 miles
Chevron
Shops & Services
15,769 visits/mo
0.3 miles
KFC
Dining
8,877 visits/mo
0.3 miles
Dollar Tree
Shops & Services
5,843 visits/mo
0.4 miles
Demographics for 33980, FL
11,762
Population
8,108
Households
1.5
Avg Household Size
63
Median Age
21%
College-Educated
92%
High-School Grad
9.2 sq mi
ZIP Area
1,278
Density / Sq Mi
$61,871
Median Household Income
$33,365
Median Earnings
$1,216
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Freestanding car wash building on a corner site with drive-through access and CHMU zoning for multiple automotive and service uses.
Where is this car wash located?
The property is located at 4732 Tamiami Trail Port Charlotte, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: +/- 6,287 SF freestanding building on a 0.61‑acre corner site on Tamiami Trail (US‑41) in Port Charlotte; CHMU (Charlotte Harbor Mixed Use) zoning supports a broad range of automotive and equipment‑related uses, including auto sales, repair, storage, and car wash; Drive‑through access and full ingress/egress with a large paved area for sales, storage, or customer flow
