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    Waterfront Commercial Land Site Title is generated by Realmo AI

    806 E MARION Ave, Punta Gorda, FL 33950

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    For Sale
    $400,000

    Waterfront commercial lot overlooking Highway 17, positioned across from a major medical center for diverse neighborhood-serving uses.

    Type:Land
    Lot size:
    0.50 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 2:32 am

    Property Features for 806 E MARION Ave

    General Information

    Standard status
    Active
    Lot size
    0.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Nick Demers
    Nick Demers

    Listing agent Nick Demers License #3365095

    Listing office RE/MAX Palm Realty

    Listing date Jun 3, 2026

    Source Elliman

    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 Palm Realty

    HighLights

    • Nearly 1/2‑acre commercial lot overlooking Highway 17 in Punta Gorda at the NE corner of Adrienne & Marion Streets
    • Directly across from the newly acquired Charlotte Regional Medical Center by AdventHealth
    • Zoned Neighborhood Center District for a range of neighborhood‑serving uses including professional offices and restaurants
    • Zoned for medical offices, bed & breakfast, single‑family homes, multifamily, and indoor theaters
    • Options for future development include building multi‑story to capture panoramic water views of Charlotte Harbor and sunsets
    • Situated with public walking/biking trails and harborfront piers at Trabue Park behind the property along the Peace River

    Overview

    This nearly half-acre waterfront commercial land site is positioned on the NE corner of Adrienne & Marion Streets and overlooks Highway 17. The property offers the opportunity to develop a small commercial building and, with a multi-story design, capture panoramic Charlotte Harbor views and sunsets.

    According to the listing, it provides convenient access to US 41 and I-75, with major traffic supported by busier intersections near I-75 and downtown Punta Gorda experiencing over 40,000 vehicles daily. The site is described as directly across from the newly acquired Charlotte Regional Medical Center by Advent Health. Behind the property, the listing notes public walking and biking trails, charming boardwalks, and harborfront piers at Trabue Park along the Peace River.

    Zoned Neighborhood Center District, the property is described as suitable for a range of small commercial and mixed residential uses, including professional offices, restaurants, medical offices, bed & breakfast, single-family homes, multifamily, and indoor theaters. It may also fit medical development and office-oriented concepts given the nearby health system presence. The listing further states that additional nearby lots are owned by the City of Punta Gorda, and the property can be held for future development use.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Hair Salon Real Estate Agency Law Firm Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.04076
    Latitude
    26.941694

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    FAQs

    What type of property is this?
    Waterfront Land - Waterfront commercial lot overlooking Highway 17, positioned across from a major medical center for diverse neighborhood-serving uses.
    Where is this waterfront land located?
    The property is located at 806 E MARION Ave Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Nearly 1/2‑acre commercial lot overlooking Highway 17 in Punta Gorda at the NE corner of Adrienne & Marion Streets; Directly across from the newly acquired Charlotte Regional Medical Center by AdventHealth; Zoned Neighborhood Center District for a range of neighborhood‑serving uses including professional offices and restaurants
    (941) 585-3787
    We can help!
    Listing Contact
    Nick Demers
    Nick Demers
    Real Estate License ID: 3365095
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    806 E MARION Ave, Punta Gorda, FL 33950
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