Remodeled Office
For Sale
$2,699,000
525 E Olympia Ave, Punta Gorda, FL 33950
Ten-unit office property with recent renovations, updated building systems, and medical-use potential near a hospital.
Property Size10,000 SF
Price / SF$269.90
Days on Market48
Property Features for 525 E Olympia Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Occupancy
90%
Additional Details
Office Units
10
Taxes and HOA fees
Annual Taxes
$26,352
Building Details
Building Size
10,000 SF
Year Built
1975
Year Renovated
2024
Buildings
1
Stories
1
Construction
concrete block
Tenancy
Multi
Listing Agency:
Krise Commercial Group, LLC
Listed By:
Marjan Rumija · License #258025749
(239) 285-8922
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 6:22PM
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
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Investment Insights
Based on property information with market context.
This 10,000-square-foot concrete block office building contains ten 1,000-square-foot units, providing a divisible configuration for multiple occupants. The property was remodeled in 2024 with new flooring, doors, bathrooms, and additional improvements. A new roof was installed in 2023, and all HVAC units were replaced in 2022. The roof carries a 20-year transferable warranty, while the HVAC units have 5-year warranties.
The building is located at 525 E Olympia Ave in Punta Gorda, near a hospital and within the city’s central area. Occupancy is reported at 90%, and the property is identified as suitable for medical use. Its Bike Score is 52, described as Bikeable, while its Walk Score is 3, described as Car-Dependent.
The building is located at 525 E Olympia Ave in Punta Gorda, near a hospital and within the city’s central area. Occupancy is reported at 90%, and the property is identified as suitable for medical use. Its Bike Score is 52, described as Bikeable, while its Walk Score is 3, described as Car-Dependent.
Key Highlights
- 10,000‑square‑foot concrete block office building
- Ten 1,000‑square‑foot units with 90% reported occupancy
- Remodeled in 2024 with new flooring, doors, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,835
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,796,700
$2.8M
Cap Rate 7%
$1,997,643
$2.0M
Cap Rate 9%
$1,553,722
$1.6M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$260.4K $26.04/SF
− Vacancy
−$27.3K −$2.73/SF
EGI
$233.1K $23.31/SF
− OpEx
−$93.2K −$9.32/SF
NOI
$139.8K $13.98/SF
Area
Charlotte County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,796,700
Cap Rate 7%
$1,997,643
Cap Rate 9%
$1,553,722
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 authorities.
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Current Use
Lease Details
10
Office units
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Ten-unit office property with recent renovations, updated building systems, and medical-use potential near a hospital.
Where is this office building 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: 10,000‑square‑foot concrete block office building; Ten 1,000‑square‑foot units with 90% reported occupancy; Remodeled in 2024 with new flooring, doors, and bathrooms
