Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18501 Murdock Cir Port Charlotte, FL 33948

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail/Office Space, Tamiami Trail

    Lot size:
    72,452 SF

    Property Features for 18501 Murdock Cir

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    72,452 SF
    Class
    A
    Total Rate
    120753.33

    Building Details

    Year Built
    1991
    Buildings
    1
    Stories
    6

    Spaces For Lease

    at 18501 Murdock Cir, Port Charlotte, FL 33948 Contact us
    Unit Drive-Thru Parcel

    $20 /Mo

    Size
    800 SF
    Contact us

    We can help!

    Listing Contact
    Howard Corr
    Howard Corr

    Listing Agent: Howard Corr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A, six-story building (72,452 total square feet) at the highly visible corner of Tamiami Trail (US-41) and Murdock Circle in Charlotte County offers a unique opportunity. Currently, 800 square feet of retail space is available, ideal for a drive-thru operation. The building boasts two passenger elevators, on-site management and maintenance, nightly janitorial service, and security cameras with keypad elevator access. Enjoy stunning floor-to-ceiling window views of Port Charlotte. The property sits on a 5.71-acre lot and benefits from its strategic location across from the County Administration Complex and near a regional shopping mall, retail centers, and restaurants. A full-service NNN lease includes utilities, maintenance, and janitorial services. An additional outparcel is available with a negotiable land lease for build-out or build-to-suit, utilizing the existing building footprint. A conference room is available for hourly or half-day rentals. The minimum divisible space is 800 square feet, with a maximum contiguous space of 800 square feet. The building was constructed in 1991 and is zoned CG - Commercial General (APN: 402207426002). This location's high visibility and convenient amenities will attract customers and motivate employees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Charlotte County Economic ... County Government Office Flagler Insurance Agency Insurance Agency Raymond James Financial ... Financial Advisor All Stat Home ... Employment Agency Vocational Rehabilitation State Government Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.142341608241
    Latitude
    27.010331893487

    Nearby Similar for Lease

    • $18 SF/Yr
      3,200 SF

      PORT CHARLOTTE Office/Retail Space

      Professional office or retail spaces available for lease.
      493 Barger Dr, Port Charlotte, FL 33954
      View Details
    • New
      $1,600 /Mo
      6,510 SF

      Retail Space on US41 Available

      Retail space for rent on US41 in Port Charlotte.
      119 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • $20 SF/Yr
      1,000 SF

      Port Charlotte Office Space Available

      Second-floor office space ideal for various professional services.
      3221 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $15 SF/Yr
      1,706 SF

      Professional Garden Condo Office Suite

      Well-located office suite ideal for medical or professional use.
      3443 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $16 SF/Yr
      3,333 SF

      Medical Office in Parkside District

      Medical office space for lease near two hospitals.
      2484 Caring Way, Port Charlotte, FL 33952
      View Details
    • $17 SF/Yr
      2,564 SF

      Medical Office in Parkside District

      Medical office space for lease near two hospitals.
      2484 Caring Way, Port Charlotte, FL 33952
      View Details
    • $20 SF/Yr
      1,196 SF

      Port Charlotte Medical Office Space

      Medical office space in the Port Charlotte medical district.
      3417 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $18 SF/Yr
      49,172 SF

      Class B Office Building

      Four-story office building in the Murdoch Business Center.
      1620 Tamiami Trl, Port Charlotte, FL 33948
      View Details
    • Contact for pricing
      23,697 SF

      Medical Office in Parkside District

      Move-in ready medical office near hospitals and shopping.
      2496 Caring Way, Port Charlotte, FL 33952
      View Details
    • $16 SF/Yr
      19,597 SF

      Versatile Commercial Space Available

      Adaptable commercial space with prime visibility and functional layout.
      983 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • $5,200 /Mo
      3,408 SF

      Professional Space Ideal for Healthcare

      Sub-lease opportunity for healthcare, wellness, or medical practices.
      2484 Caring Way, Port Charlotte, FL 33952
      View Details
    • $13 SF/Yr
      4,904 SF

      Punta Gorda Mixed-Use Space

      Prime mixed-use space in a growing Florida location.
      23180 Harper Ave, Port Charlotte, FL 33980
      View Details

    FAQs

    What type of property is this?
    Office space - Prime Retail/Office Space, Tamiami Trail
    Where is this office space located?
    The property is located at 18501 Murdock Cir Port Charlotte, FL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 72,452 SF Class A retail and office building with multiple tenants.; 800 SF drive-thru unit available for lease.; 5.71-acre lot.
    (941) 815-2129 Call to check price and availability
    Request Owner's contact information
    18501 Murdock Cir Port Charlotte, FL 33948
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18501 Murdock Cir
    Port Charlotte, FL 33948
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    18501 Murdock Cir Port Charlotte, FL 33948
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Howard Corr
    Howard Corr
    Real Estate License ID: BK3266041
    (941) 815-2129 (941) 740-1215
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!