Add Listing
    For Sale
    • 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

    5310 Fairway Dr Punta Gorda, FL 33982

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.25-acre island, 3 units, development potential

    Property size:
    1 SF

    Property Features for 5310 Fairway Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    1 SF
    Class
    B
    Lot Size
    10,890 SF

    Building Details

    Units
    3

    We can help!

    Listing Contact
    Edward Blackburn
    Edward Blackburn

    Listing Agency: Collier Realty and Management Listing Agent: Edward Blackburn

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.25-acre island property in Punta Gorda, Florida, presents a unique investment opportunity. Located at 5310 S Fairway Dr, 33982, in the desirable Southwest Florida ECAP area, this mixed-use, multifamily land parcel offers significant potential for development. Currently featuring three units, the property is ideally situated near downtown Punta Gorda, Fisherman's Village, and Allegiant's new Sun Seeker resort, ensuring high visibility and accessibility. The proximity to schools and numerous planned developments in the Willow Park area, including Lennar Homes projects, further enhances its appeal. Charlotte County's robust growth, fueled by the expanding Punta Gorda airport and industrial park, creates a favorable market for both residential and commercial ventures. The property's zoning allows for potential conversion to commercial use, capitalizing on the construction of a new Publix-anchored shopping center nearby. This is one of eight similar lots available in the immediate area. The seller is open to exploring exchange options or owner financing. The asking price is $35,000, reflecting a price per square foot of $35,000. The property's APN is 412303230004.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Private islands

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0011453
    Latitude
    26.9397555

    Nearby Similar for Sale

    • $580,000
      3,375 SF

      Punta Gorda Restaurant Opportunity

      Free-standing commercial building with restaurant, apartment, and outside storage.
      4214 Duncan Rd, Punta Gorda, FL 33982
      View Details
    • $699,000
      1.70 Acres

      Turn-Key Medical Office Condo

      2,255+/- Sq. Ft. medical office condo in Punta Gorda.
      25086 E Olympia Ave, Punta Gorda, FL 33950
      View Details
    • $2,699,000
      10,000 SF

      Punta Gorda Commercial Investment Opportunity

      Commercial building in Punta Gorda, suitable for medical use.
      525 E Olympia Ave, Punta Gorda, FL 33950
      View Details
    • $2,500,000
      7,814 SF

      Seminole Lakes Country Club

      Executive golf course with dining, fitness, and recreational amenities.
      26200 Stillwater Cir, Punta Gorda, FL 33955
      View Details
    • $499,000
      2,246 SF

      Punta Gorda Commercial Warehouse Opportunity

      2,246 sq ft commercial warehouse in a prime location.
      121 E Mckenzie St, Punta Gorda, FL 33950
      View Details
    • $799,900
      1,831 SF

      Turnkey Restaurant in Punta Gorda

      Freestanding restaurant with parking in downtown Punta Gorda, Florida.
      320 Sullivan St, Punta Gorda, FL 33950
      View Details
    • New
      $300,000
      3,120 SF

      Under Construction Garage Condos

      Garage condos under construction with premium features and customizable options.
      5225 Taylor Rd, Punta Gorda, FL 33950
      View Details
    • New
      $3,000,000
      4,904 SF

      PUNTA GORDA Mixed-Use Opportunity

      Prime mixed-use space in a growing Florida location.
      23180 Harper Ave, Punta Gorda, FL 33980
      View Details
    • New
      $244,900
      1,296 SF

      Punta Gorda Warehouse Condo

      Pre-construction storage units near downtown Punta Gorda.
      25155 Airport Rd, Punta Gorda, FL 33950
      View Details
    • New
      $244,900
      1,296 SF

      Punta Gorda Warehouse Condo

      Pre-construction storage condo near downtown Punta Gorda for sale.
      25155 Airport Rd, Punta Gorda, FL 33950
      View Details
    • $800,000
      10,508 SF

      Versatile Campus on Six Acres

      Unique mixed-use property with multiple buildings and extensive parking.
      4827 Fairway Dr N, Punta Gorda, FL 33982
      View Details
    • New
      $588,000
      2,700 SF

      New Construction Duplex Near I-75

      New construction duplex in Deep Creek, near I-75 and amenities.
      1320 Rio De Janeiro Ave, Punta Gorda, FL 33983
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 0.25-acre island, 3 units, development potential
    Where is this multifamily property located?
    The property is located at 5310 Fairway Dr Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: $35,000 asking price for a 0.25-acre lot.; Multifamily, mixed-use, and land designation.; Located in Punta Gorda, FL, near Fisherman's Village and new developments.
    (239) 263-0349 Call to check price and availability
    Request Owner's contact information
    5310 Fairway Dr Punta Gorda, FL 33982
    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.
    5310 Fairway Dr
    Punta Gorda, FL 33982
    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
    5310 Fairway Dr Punta Gorda, FL 33982
    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 Edward Blackburn
    Edward Blackburn
    Real Estate License ID: SL612045
    (239) 263-0349
    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!