3-Unit Retail
New
For Sale
$800,000
493 BARGER DRIVE, Port Charlotte, FL 33954
Each suite combines an open area with a private office and restroom.
Property Size3,200 SF
Price / SF$250
Days on Market3
Property Features for 493 BARGER DRIVE
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Office
Occupancy
100%
Additional Details
Asking Price
$800,000
Office Units
3
Building Details
Year Built
2008
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
KW PEACE RIVER PARTNERS
(941) 875-9060
Listed By:
Danny Nix · License #3307013
(941) 724-0080
Source:
Dennisrealty
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 6:43PM
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 KW PEACE RIVER PARTNERS
Investment Insights
Based on property information with market context.
This three-suite retail property contains approximately 2,340 square feet, with each unit measuring about 780 square feet. Individual suites include an open area, a private office, and a restroom. A second story provides additional storage, and the building was constructed in 2008.
All three units are leased, representing 100% occupancy. The layout is described as suitable for retail, office, and service business uses.
All three units are leased, representing 100% occupancy. The layout is described as suitable for retail, office, and service business uses.
Key Highlights
- Three units totaling approximately 2,340 SF
- Each suite is approximately 780 SF with an open area, private office, and restroom
- 100% occupancy; all three units are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,925
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,500
$1.1M
Cap Rate 7%
$813,214
$813.2K
Cap Rate 9%
$632,500
$632.5K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$84.1K $26.28/SF
− Vacancy
−$2.8K −$0.87/SF
EGI
$81.3K $25.41/SF
− OpEx
−$24.4K −$7.62/SF
NOI
$56.9K $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 Rate 5%
$1,138,500
Cap Rate 7%
$813,214
Cap Rate 9%
$632,500
Alternative Uses
Best Use
Retail
$813.2K
$711.6K – $948.8K
NOI $56,925 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$916.8K – $1.22M
NOI $73,344 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
7-Eleven
Shops & Services
14,375 visits/mo
0.2 miles
Dunkin' Donuts
Dining
5,032 visits/mo
0.3 miles
Shell
Shops & Services
3,017 visits/mo
0.3 miles
Camp Bow Wow
Shops & Services
904 visits/mo
0.1 miles
Demographics for 33954, FL
11,040
Population
5,099
Households
2.2
Avg Household Size
52
Median Age
23%
College-Educated
92%
High-School Grad
8.6 sq mi
ZIP Area
1,284
Density / Sq Mi
$83,081
Median Household Income
$43,823
Median Earnings
$1,830
Median Rent
$304,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Each suite combines an open area with a private office and restroom.
Where is this retail space located?
The property is located at 493 BARGER DRIVE Port Charlotte, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three units totaling approximately 2,340 SF; Each suite is approximately 780 SF with an open area, private office, and restroom; 100% occupancy; all three units are leased
