Commercial Building on Gasparilla
For Sale
$1,640,000
8379 GASPARILLA Rd, Rotonda West, FL 33947
7,665 SF commercial building with ample parking and storage.
Property Size6,048 SF
Lot Size1.25 Acres
Days on Market267
Property Features for 8379 GASPARILLA Rd
General Information
Standard status
Active
Size
6,048 SF
Lot size
1.25 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,435
Building Details
Building Size
6,048 SF
Year Built
2006
Stories
1
Listing Agency:
Coldwell Banker Realty | Punta Gorda
(941) 268-4423
Listed By:
Kayla Weiss-Bohnstedt · License #3370154
(941) 268-4423
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 15
Last Checked: Aug 22 at 12:16PM
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 | Punta Gorda
Investment Insights
Based on property information with market context.
This commercial building, constructed in 2006, offers 7,665 square feet of space with 6,048 rentable square feet. The property includes 29 designated parking spaces. Situated on Gasparilla Road, the location benefits from high visibility with an Annual Average Daily Traffic count of 7,100. The 1.25-acre lot features a fenced-in area at the rear, currently utilized for outside storage on a month-to-month rental basis. The building's layout comprises 17 offices, a conference room, two work or storage rooms, a kitchenette and lounge area, and four restrooms. Access to different levels is facilitated by two staircases and an elevator. Zoned CG (Commercial General), the property allows for various potential uses.
Key Highlights
- High‑traffic location on Gasparilla Rd with 7,100 AADT.
- Generous on‑site parking with 29 designated spaces.
- Large 7,665 SF building with 6,048 RSF built in 2006.
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
$74,855
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
4.56%
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%
$1,497,100
$1.5M
Cap Rate 7%
$1,069,357
$1.1M
Cap Rate 9%
$831,722
$831.7K
Market Conditions
NOI Build-Up for 6,048 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
$130.6K $21.60/SF
− Vacancy
−$30.8K −$5.10/SF
EGI
$99.8K $16.50/SF
− OpEx
−$25.0K −$4.13/SF
NOI
$74.9K $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%
$1,497,100
Cap Rate 7%
$1,069,357
Cap Rate 9%
$831,722
Alternative Uses
Best Use
Office B
$1.07M
$935.7K – $1.25M
NOI $74,855 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,620 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 33947, FL
10,462
Population
6,973
Households
1.5
Avg Household Size
65
Median Age
30%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
787
Density / Sq Mi
$73,453
Median Household Income
$42,875
Median Earnings
$1,359
Median Rent
$352,300
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?
Office building - 7,665 SF commercial building with ample parking and storage.
Where is this office building located?
The property is located at 8379 GASPARILLA Rd Rotonda West, FL.
What is the asking price?
The asking price for this property is $1,640,000.
What are key features of this property?
This property features: High‑traffic location on Gasparilla Rd with 7,100 AADT.; Generous on‑site parking with 29 designated spaces.; Large 7,665 SF building with 6,048 RSF built in 2006.
