Open-Layout Retail
For Sale
$190,000
8-701 J C Center Ct, Port Charlotte, FL 33954
Open-plan unit with a restroom, hurricane shutters, parking, and monument signage.
Property Size1,044 SF
Price / SF$181.99
Days on Market193
Property Features for 8-701 J C Center Ct
General Information
Standard status
Active
Size
1,044 SF
Financials
Asking Price
$190,000
HOA Fee
$404
Site & Location
Traffic Count
27,000 vehicles/day
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,481
Amenities
hurricane shutters
monument signage
Listing Agency:
COLDWELL BANKER REALTY
(941) 268-4423
Listed By:
Kayla Weiss-Bohnstedt · License #3370154
(941) 268-4423
Source:
Exprealty
Added: Feb 6
Changed: Aug 17
Last Checked: Aug 17 at 4:58PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This 1,044 SF retail unit provides an open interior arrangement and one restroom, with hurricane shutters included. The space is also identified for office use, offering flexibility within a retail-oriented condominium setting.
The Vines Condominium provides abundant parking and monument signage along Veterans Blvd. The property is located minutes from I-75, and Veterans Blvd carries an AADT of 27,000 vehicles. A five-year minimum lease term applies, with NNN lease structure available.
The Vines Condominium provides abundant parking and monument signage along Veterans Blvd. The property is located minutes from I-75, and Veterans Blvd carries an AADT of 27,000 vehicles. A five-year minimum lease term applies, with NNN lease structure available.
Key Highlights
- 1,044 SF open‑layout retail unit
- One restroom and hurricane shutters included
- Abundant parking at The Vines Condominium
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
$12,921
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
6.80%
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%
$258,420
$258.4K
Cap Rate 7%
$184,586
$184.6K
Cap Rate 9%
$143,567
$143.6K
Market Conditions
NOI Build-Up for 1,044 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
$22.6K $21.60/SF
− Vacancy
−$5.3K −$5.10/SF
EGI
$17.2K $16.50/SF
− OpEx
−$4.3K −$4.13/SF
NOI
$12.9K $12.38/SF
Area
Charlotte County, FL
Vacancy
23.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$258,420
Cap Rate 7%
$184,586
Cap Rate 9%
$143,567
Alternative Uses
Best Use
Retail
$265.3K
$232.2K – $309.5K
NOI $18,572 @ 7.0% cap · market cap 9.77%
Second Best
Office B
$184.6K
$161.5K – $215.4K
NOI $12,921 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$341.8K
$299.1K – $398.8K
NOI $23,928 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
27,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 33954, FL
11,040
Population
5,099
Households
2.2
Avg Household Size
52
Median Age
23%
College-Educated
92%
High-School Grad
8.6 sq mi
ZIP Area
1,284
Density / Sq Mi
$83,081
Median Household Income
$43,823
Median Earnings
$1,830
Median Rent
$304,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open-plan unit with a restroom, hurricane shutters, parking, and monument signage.
Where is this retail space located?
The property is located at 8-701 J C Center Ct Port Charlotte, FL.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1,044 SF open‑layout retail unit; One restroom and hurricane shutters included; Abundant parking at The Vines Condominium
