Punta Gorda Investment
525 E Olympia Ave Punta Gorda, FL 33950
525 E Olympia Ave, Punta Gorda, FL, 33950
$2,699,000
For Sale
$2,699,000
10,000 SF building near hospital, ideal for medical use.
Property Size10,000 SF
Lot Size0.75 Acres
Price / SF$269.90
Days on Market130
Property Features for 525 E Olympia Ave
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.75 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing Agency
Krise Commercial Group, LLC
(239) 285-8922
Listed by
Marjan Rumija · License #258025749
(239) 285-8922
Source
Elliman
Added: Mar 10 Checked: Jul 17 at 6:08 am
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 Krise Commercial Group, LLC
Investment Insights
Based on property information with market context.
This 10,000 square foot building offers a buyer user opportunity to invest in a property in the heart of Punta Gorda, close to the hospital, making it suitable for medical use. The building is divided into ten 1,000 square foot units, which facilitates future rental opportunities. The property is currently 80% occupied, allowing an owner to use 2,000 square feet for their business while collecting rent. Constructed of concrete block, the building features a new roof installed in 2023 with a 20-year transferable warranty, and all new HVAC units installed in 2022 with a 5-year warranty. The property was completely remodeled in 2024, including new flooring, new doors, and new bathrooms. Owner financing is available for qualified buyers with 30% down.
Key Highlights
- Owner financing available to qualified buyers with 30% down.
- Prime location in the heart of Punta Gorda, close to the hospital, making it ideal for medical use.
- Opportunity for business use (2,000 sq ft) while collecting rent from existing tenants (80% occupancy).
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.4k | $26.04 |
| − Vacancy | −$27.3k | −$2.73 |
| EGI | $233.1k | $23.31 |
| − OpEx | −$93.2k | −$9.32 |
| NOI | $139.8k | $13.98 |
10,000 SF · lease $26.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.00M
$1.75M – $2.33M
NOI $139,835 @ 7.0% cap · market cap 5.18%
Second Best
Office B
$1.77M
$1.55M – $2.06M
NOI $123,768 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$3.27M
$2.87M – $3.82M
NOI $229,200 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tadalan Lourdes MD
Physician
Harbor Cardiology & Vascular
Medical Clinic
K9 Glam Squad
Pet Grooming Service
Massage & Wellness Dawn ...
Alternative Medicine Practice
The Queen's Boutique
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Punta Gorda Animal Hospital — 25120 Marion Ave, Punta Gorda, FL 33950
- Peace River Veterinary Clinic — 327 Cross St, Punta Gorda, FL 33950
- Peace River Veterinary Clinic: Degrove Reece Julie DVM — 327 Cross St, Punta Gorda, FL 33950
- Animal Medical Clinic — 324 cross st ste 111, punta gorda, fl 33950
- Dr. Kurt Winter — 25120 Marion Ave, Punta Gorda, FL 33950
FAQs
What type of property is this?
Medical Office Space - 10,000 SF building near hospital, ideal for medical use.
Where is this medical office space located?
The property is located at 525 E Olympia Ave Punta Gorda, FL.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Owner financing available to qualified buyers with 30% down.; Prime location in the heart of Punta Gorda, close to the hospital, making it ideal for medical use.; Opportunity for business use (2,000 sq ft) while collecting rent from existing tenants (80% occupancy).
