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    23330 Harbor View Rd Punta Gorda, FL 33980

    For Sale
    $4,249,990

    High-return auto shop/retail center

    Property size:
    14,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 14,080 square foot retail property, located at 23330 Harbor View Rd, Port Charlotte, FL 33980, presents a lucrative investment opportunity. Currently occupied by a 100% leased mattress store, the property boasts a strong 7.90% cap rate and a pro-forma cap rate of 7.95%, generating a pro-forma NOI of $337,920. The building, constructed in 2016 and renovated in 2016, sits on a 1.25-acre lot with direct Harborview frontage. The property is zoned CG and features a Class B building with one unit. The asking price is $4,249,990, translating to $301.85 per square foot. The lease is a NNN type, with a multi-tenant occupancy and zero years remaining on the current lease. This versatile property is suitable for various retail uses, including auto shops and shopping centers, offering significant potential for future growth and income. The property's recent roof replacement adds to its value and reduces immediate maintenance concerns. This is a rare opportunity to acquire a high-performing retail asset in a desirable location.

    Property Features for 23330 Harbor View Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    14,080 SF
    Class
    B
    Lot Size
    54,450 SF

    Building Details

    Year Renovated
    2016
    Buildings
    1
    Units
    1

    HighLights

    • 14,080 SF retail property at 23330 Harbor View Rd, Port Charlotte, FL 33980.
    • Currently 100% leased to a mattress store, offering a 7.90% cap rate (7.95% pro‑forma), with a $337,920 pro‑forma NOI.
    • Built in 2016 (renovated 2016), situated on a 1.25‑acre lot with Harborview Road frontage.
    • Class B building, single unit, CG zoning. Asking price: $4,249,990 ($301.85/SF).
    • NNN lease, multi‑tenant occupancy, lease expiring soon. Suitable for various retail uses.
    • Recently replaced roof.
    Property Profile Location Intelligence

    Current Use by Public Records

    Channel Letters Signs ... Sign Shop Sign Shop Port ... Manufacturer Vehicle Wraps Sign Shop LifestyleOutdoorKitchens.com Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.063741
    Latitude
    26.9659881

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    FAQs

    What type of property is this?
    Lifestyle center - High-return auto shop/retail center
    Where is this lifestyle center located?
    The property is located at 23330 Harbor View Rd Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $4,249,990.
    What are key features of this property?
    This property features: 14,080 SF retail property at 23330 Harbor View Rd, Port Charlotte, FL 33980.; Currently 100% leased to a mattress store, offering a 7.90% cap rate (7.95% pro-forma), with a $337,920 pro-forma NOI.; Built in 2016 (renovated 2016), situated on a 1.25-acre lot with Harborview Road frontage.
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    Realmo Value Estimation

    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.

    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.

    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
    23330 Harbor View Rd Punta Gorda, FL 33980
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