Pre-Construction Storage Condo
For Sale
$329,900
5229 TAYLOR Rd C3, Punta Gorda, FL 33950
Pre-construction climate-controlled storage condo unit with 18-foot clear height and an oversized garage door for large vehicle access.
Property Size1,664 SF
Days on Market62
Property Features for 5229 TAYLOR Rd C3
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$2,993
Building Details
Building Size
1,664 SF
Year Built
2026
Listing Agency:
GRANT TEAM REAL ESTATE, LLC
(941) 205-8481
Listed By:
Christopher Grant · License #3238094
(941) 205-8481
Source:
Elliman
Added: Jun 18
Changed: Aug 10
Last Checked: Aug 17 at 7:18AM
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 GRANT TEAM REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
This pre-construction storage condo unit is planned to be built as a high-clear, secure storage space, with 100% masonry construction and solid concrete roofs. The unit is described as having an 18-foot clear ceiling height, bright LED lighting, and ceiling fans to support airflow. Access is planned through an oversized garage door sized for larger vehicles, trailers, and equipment, and the unit is also described as including keyless entry options.
The development is described as gated, with individual climate-controlled options available and security camera monitoring. Additional facility features noted include high-speed WiFi throughout, wide drive aisles designed for easy maneuvering, and 100 AMP electrical service with multiple outlets including 50 AMP RV capability.
The unit is identified as 5229 Taylor Road, Unit C3, in Punta Gorda, with the site described as high and dry, located over 19 feet above sea level and outside a flood zone.
The development is described as gated, with individual climate-controlled options available and security camera monitoring. Additional facility features noted include high-speed WiFi throughout, wide drive aisles designed for easy maneuvering, and 100 AMP electrical service with multiple outlets including 50 AMP RV capability.
The unit is identified as 5229 Taylor Road, Unit C3, in Punta Gorda, with the site described as high and dry, located over 19 feet above sea level and outside a flood zone.
Key Highlights
- Pre‑construction storage condo at 5229 Taylor Road, Unit C3, Punta Gorda, FL 33950 (Year Built: 2026).
- 32' x 52' unit with approximately 1,664 SF and an 18‑foot clear ceiling height for vertical storage space.
- Oversized garage door provides easy access for larger vehicles, trailers, and equipment.
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
$16,990
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
5.15%
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%
$339,800
$339.8K
Cap Rate 7%
$242,714
$242.7K
Cap Rate 9%
$188,778
$188.8K
Market Conditions
NOI Build-Up for 1,664 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
$26.0K $15.60/SF
− Vacancy
−$1.7K −$1.01/SF
EGI
$24.3K $14.59/SF
− OpEx
−$7.3K −$4.38/SF
NOI
$17.0K $10.21/SF
Area
Charlotte County, FL
Vacancy
6.50%
Lease Rate
$15.60 /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%
$339,800
Cap Rate 7%
$242,714
Cap Rate 9%
$188,778
Alternative Uses
Best Use
Self Storage
$242.7K
$212.4K – $283.2K
NOI $16,990 @ 7.0% cap · market cap 5.15%
Second Best
Warehouse
$223.1K
$195.2K – $260.3K
NOI $15,615 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$544.8K
$476.7K – $635.7K
NOI $38,139 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Pre-construction climate-controlled storage condo unit with 18-foot clear height and an oversized garage door for large vehicle access.
Where is this self storage facility located?
The property is located at 5229 TAYLOR Rd C3 Punta Gorda, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Pre‑construction storage condo at 5229 Taylor Road, Unit C3, Punta Gorda, FL 33950 (Year Built: 2026).; 32' x 52' unit with approximately 1,664 SF and an 18‑foot clear ceiling height for vertical storage space.; Oversized garage door provides easy access for larger vehicles, trailers, and equipment.
