795 CRESTVIEW CIR NW PORT CHARLOTTE FL 33948, Port Charlotte, FL 33948

Building Details

Buildings 1 More

Building Size 2,314 SF More

Listing Agency: RE/MAX Harbor Realty

Listed By: Hunter McCarthy · License FL SL3472177 Show Phone

Source: Crexi

Added: Sep 29 Changed: Nov 8 Last Checked: Nov 8 at 3:18PM

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Investment Insights

Based on property information with market context.

This freestanding medical office property contains a 2,314-square-foot building on approximately 0.25 acres. Its existing interior configuration previously served as a chiropractic office, with an office and medical layout that may suit professional or institutional occupancy. On-site parking is provided.

The property is located at 795 Crestview Circle NW in Port Charlotte, Florida. OMI (Office, Medical & Institutional) zoning allows a range of permitted medical and professional uses.

Key Highlights

• 2,314‑square‑foot building
• Approximately 0.25 acres
• OMI (Office, Medical & Institutional) zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,358

Cap Rate

7.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$647,160 $647.2K

Cap Rate 7%

$462,257 $462.3K

Cap Rate 9%

$359,533 $359.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,314 SF

Gross rent

$60.3K $26.04/SF

− Vacancy

−$6.3K −$2.73/SF

EGI

$53.9K $23.31/SF

− OpEx

−$21.6K −$9.32/SF

NOI

$32.4K $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%

$647,160

Cap Rate 7%

$462,257

Cap Rate 9%

$359,533

Alternative Uses

Best Use

Healthcare Medical

$462.3K

$404.5K – $539.3K (±1% cap)

NOI $32,358 @ 7.0% cap · market cap 7.71%

Second Best

Office B

$409.1K

$358.0K – $477.3K (±1% cap)

NOI $28,640 @ 7.0% cap · market cap 6.82%

Theoretical Best

Office A

$757.7K

$663.0K – $884.0K (±1% cap)

NOI $53,037 @ 7.0% cap · market cap 12.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Restaurant Parking Lot & Garage Electrical Service Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

964

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33948, FL

17,190

Population

9,297

Households

1.8

Avg Household Size

57

Median Age

20%

College-Educated

92%

High-School Grad

13.0 sq mi

ZIP Area

1,322

Density / Sq Mi

$60,788

Median Household Income

$33,979

Median Earnings

$1,384

Median Rent

$279,500

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Port Charlotte, FL

$232 Jul

$213 Aug

$267 Sep

$248 Oct

Properties on Market for Medical Office Space in Port Charlotte

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - OMI zoning and on-site parking support a standalone office setting for medical and professional use.

Where is this medical office space located?

The property is located at 795 CRESTVIEW CIR NW PORT CHARLOTTE FL 33948 Port Charlotte, FL.

What is the asking price?

The asking price for this property is $419,900.

What are key features of this property?

This property features: 2,314‑square‑foot building; Approximately 0.25 acres; OMI (Office, Medical & Institutional) zoning