Leased Strip
For Sale
$1,999,000
A-g-3231 Tamiami Trl, Port Charlotte, FL 33953
Seven leased retail units create a fully occupied multi-suite property along southbound U.S. 41.
Property Size7,870 SF
Price / SF$254
Days on Market62
Property Features for A-g-3231 Tamiami Trl
General Information
Standard status
Active
Size
7,870 SF
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$14,228
Building Details
Tenancy
Multi
Listing Agency:
five star realty of charlotte
(941) 637-6116
Listed By:
Monica Vallee · License #3241635
(941) 637-6116
Source:
Exprealty
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 12:55PM
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 five star realty of charlotte
Investment Insights
Based on property information with market context.
This strip mall contains seven fully leased retail units, each measuring 1,000 square feet, within a 7,870-square-foot property. The occupied multi-suite configuration provides established tenancy across the center and is positioned for retail-oriented commercial use.
The property fronts the southbound side of U.S. 41 in Port Charlotte and sits directly across from the anticipated Promenades at Parkside development. That project is planned to include upscale housing, boutique shops, fine dining, and entertainment. Charlotte Harbor is also located just minutes away, adding a nearby waterfront destination to the surrounding commercial context.
The property fronts the southbound side of U.S. 41 in Port Charlotte and sits directly across from the anticipated Promenades at Parkside development. That project is planned to include upscale housing, boutique shops, fine dining, and entertainment. Charlotte Harbor is also located just minutes away, adding a nearby waterfront destination to the surrounding commercial context.
Key Highlights
- Seven fully leased retail units
- Each unit measures 1,000 square feet
- 7,870‑square‑foot strip mall property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$139,999
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,799,980
$2.8M
Cap Rate 7%
$1,999,986
$2.0M
Cap Rate 9%
$1,555,544
$1.6M
Market Conditions
NOI Build-Up for 7,870 SF
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.
Gross rent
$206.8K $26.28/SF
− Vacancy
−$6.8K −$0.87/SF
EGI
$200.0K $25.41/SF
− OpEx
−$60.0K −$7.62/SF
NOI
$140.0K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,799,980
Cap Rate 7%
$1,999,986
Cap Rate 9%
$1,555,544
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.33M
NOI $139,999 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,380 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Groceries 22%
Wawa
Shops & Services
34,859 visits/mo
0.3 miles
RaceTrac
Shops & Services
23,256 visits/mo
0.4 miles
Aldi
Groceries
20,523 visits/mo
0.5 miles
Circle K
Shops & Services
9,593 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
1,986 visits/mo
0.4 miles
Demographics for 33953, FL
6,882
Population
4,339
Households
1.6
Avg Household Size
64
Median Age
31%
College-Educated
97%
High-School Grad
16.1 sq mi
ZIP Area
427
Density / Sq Mi
$77,227
Median Household Income
$33,257
Median Earnings
$1,817
Median Rent
$332,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Seven leased retail units create a fully occupied multi-suite property along southbound U.S. 41.
Where is this strip mall located?
The property is located at A-g-3231 Tamiami Trl Port Charlotte, FL.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Seven fully leased retail units; Each unit measures 1,000 square feet; 7,870‑square‑foot strip mall property
