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
Price / SF$213.96
Days on Market231
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
Listed By:
Kayla Weiss-Bohnstedt · License #3370154
(941) 268-4423
Source:
Elliman
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 26 at 4:14PM
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
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Investment Insights
Based on property information with market context.
This commercial property, constructed in 2006, features a 7,665 square foot building with 6,048 rentable square feet. The property includes 29 designated parking spaces. Situated on 1.25 acres of land, the site includes a fenced-in area at the rear, currently rented on a month-to-month basis for outside storage. The building's layout comprises 17 offices, a conference room, two work or storage rooms, a kitchenette and lounge area, and four restrooms. It is equipped with two staircases and an elevator. The property benefits from signage on Gasparilla Road, which experiences an Annual Average Daily Traffic Count of 7,100. Zoned CG (Commercial General), the property allows for many possible uses.
Key Highlights
- High‑traffic location on Gasparilla Rd with 7,100 AADT.
- Large building with 7,665 SF (6,048 RSF) built in 2006.
- Generous onsite parking with 29 designated spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,868
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,897,360
$1.9M
Cap Rate 7%
$1,355,257
$1.4M
Cap Rate 9%
$1,054,089
$1.1M
Market Conditions
NOI Build-Up for 7,665 SF
Gross rent
$165.6K $21.60/SF
− Vacancy
−$39.1K −$5.10/SF
EGI
$126.5K $16.50/SF
− OpEx
−$31.6K −$4.13/SF
NOI
$94.9K $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 Rate 5%
$1,897,360
Cap Rate 7%
$1,355,257
Cap Rate 9%
$1,054,089
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $94,868 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,682 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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
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Market
Vacancy Rate% for Office in South region
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.; Large building with **7,665 SF (6,048 RSF)** built in 2006.; Generous onsite parking with 29 designated spaces.
