Flex Space with Fenced
For Sale
$950,000
5432 Constitutional Avenue, Punta Gorda, FL 33982
Industrial General zoning; property includes office and retail areas.
Property Size7,500 SF
Price / SF$126.67
Days on Market55
Property Features for 5432 Constitutional Avenue
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Industrial
Zoning
Industrial General
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Warehouse Space
7,500 SF
Taxes and HOA fees
Annual Taxes
$12,673
Amenities
Fenced Storage area
3
Building Details
Year Built
1991
Building Size
7,500 SF
Listing Agency:
RE/MAX HARBOR REALTY
(941) 639-8500
Listed By:
J. Lyn Bevis · License #306174
Source:
Xome
Added: Jun 21
Changed: Aug 14
Last Checked: Aug 14 at 4:54AM
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 RE/MAX HARBOR REALTY
Investment Insights
Based on property information with market context.
This 7,500-square-foot flex property, built in 1991, combines warehouse space with office and retail areas. The site also includes a fenced storage area, adding a defined exterior component to the property’s commercial configuration.
The property is located at 5432 Constitutional Avenue in Punta Gorda, Florida, near Duncan Road/HWY 17 and just north of Bermont Road. I-75 Exit 164 is 1.5 miles away, providing a nearby interstate connection.
The property is located at 5432 Constitutional Avenue in Punta Gorda, Florida, near Duncan Road/HWY 17 and just north of Bermont Road. I-75 Exit 164 is 1.5 miles away, providing a nearby interstate connection.
Key Highlights
- 7,500 Sq. Ft warehouse property
- Zoned Industrial General
- Office and retail space included
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
$70,380
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
7.41%
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%
$1,407,600
$1.4M
Cap Rate 7%
$1,005,429
$1.0M
Cap Rate 9%
$782,000
$782.0K
Market Conditions
NOI Build-Up for 7,500 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
$90.0K $12.00/SF
− Vacancy
−$7.2K −$0.96/SF
EGI
$82.8K $11.04/SF
− OpEx
−$12.4K −$1.66/SF
NOI
$70.4K $9.38/SF
Area
Charlotte County, FL
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,407,600
Cap Rate 7%
$1,005,429
Cap Rate 9%
$782,000
Alternative Uses
Best Use
Warehouse
$1.01M
$879.8K – $1.17M
NOI $70,380 @ 7.0% cap · market cap 7.41%
Second Best
Flex RnD
$955.8K
$836.4K – $1.12M
NOI $66,909 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,900 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33982, FL
12,404
Population
6,091
Households
2
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
407.1 sq mi
ZIP Area
30
Density / Sq Mi
$68,514
Median Household Income
$43,964
Median Earnings
$1,104
Median Rent
$285,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial General zoning; property includes office and retail areas.
Where is this flex space located?
The property is located at 5432 Constitutional Avenue Punta Gorda, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7,500 Sq. Ft warehouse property; Zoned Industrial General; Office and retail space included
