Fully Occupied Commercial Building on
3880 Tamiami Trl, Port Charlotte, FL 33952
Multi-tenant building with high visibility near Sunseeker Resort.
Type:Retail
Property size:
5,640 SFPrice / SF:
$210/SF- Added:
- Aug 19, 2024
- Days on Market:
- 643
- Last Refresh:
- May 12 at 10:39 pm
Property Features for 3880 Tamiami Trl
General Information
- Standard status
- Active
- Size
- 5,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent Christi Pritchett, CCIM License #FL BK3082269
Listing office LSI Companies
Listing date Aug 19, 2024
Source Crexi
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 LSI Companies
HighLights
- Fully occupied, multi‑tenant commercial building with high visibility and traffic exposure on US‑41.
- Located 1.5 miles north of the new Sunseeker Resort & Convention Center.
- Constructed in 2005, well‑built single‑story building with durable materials and has never flooded.
- Comprised of five units and 5,640 Sq. Ft. of rentable floor area.
- Ample parking with 8 spaces in front, 15 in rear, and 8 additional spaces across the street.
- Planned capital improvement includes a new roof in 2026.
Overview
This fully occupied, multi-tenant commercial building offers high visibility and traffic exposure on US-41. Constructed in 2005, the single-story building features concrete block walls, metal trusses, studs, and metal decking. The property has 5,640 square feet of rentable floor area, divided into five units. Parking includes 8 spaces in the front, 15 spaces in the rear of the building, and access to a public lot with 8 additional spaces located immediately across the street. Utilities are provided by county central water and sewer systems. The property is located approximately 1.5 miles north of the new 785-room Sunseeker Resort & Convention Center, approximately 3 miles to Downtown Punta Gorda, approximately 4.5 miles to I-75, and approximately 6.5 miles to Punta Gorda Airport (PGD). Planned capital improvements include a new roof in 2026, specifically an overlay with GAF TPO.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.11M
NOI $100,330 @ 9.00% cap · cautious / downside scenario
Moderate
$1.43M
NOI $100,330 @ 7.00% cap · market / base-case scenario
Aggressive
$2.01M
NOI $100,330 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.2k | $26.28 |
| − Vacancy | −$4.9k | −$0.87 |
| EGI | $143.3k | $25.41 |
| − OpEx | −$43.0k | −$7.62 |
| NOI | $100.3k | $17.79 |
5,640 SF · lease $26.28/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,330 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,269 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Metro by T-Mobile
Telecommunications Service
Cuban Taste Restaurant
Restaurant
LE QUOTIDIEN BAKERY
Bakery
JDR & Ortiz Cleaning ...
Professional Organizer
Priceypoo Bakery
Bakery
Location Insight
- Map
- Local Demand
- City
- Port Charlotte
- County
- Charlotte
- State
- Florida
- Longitude
- -82.084918
- Latitude
- 26.973064
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Multi-tenant building with high visibility near Sunseeker Resort.
Where is this strip mall located?
The property is located at 3880 Tamiami Trl Port Charlotte, FL.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: Fully occupied, multi‑tenant commercial building with **high visibility and traffic exposure on US‑41**.; Located 1.5 miles north of the new Sunseeker Resort & Convention Center.; Constructed in 2005, well‑built single‑story building with durable materials and has never flooded.
