Climate-Controlled Corner
For Sale
$245,000
A1-25390 Fortran Dr, Punta Gorda, FL 33950
Gated commercial unit suited to vehicle storage, equipment, or private hobby use.
Property Size1,300 SF
Price / SF$188.46
Days on Market8
Property Features for A1-25390 Fortran Dr
General Information
Standard status
Active
Size
1,300 SF
Additional Details
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$3,071
Amenities
Climate controlled
Secure gated location
Listing Agency:
John R. Wood Properties
(239) 333-2411
Listed By:
Dan Barrile · License #308003517
(239) 850-2185
Source:
Exprealty
Added: Sep 8
Changed: Sep 12
Last Checked: Sep 14 at 12:51PM
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 John R. Wood Properties
Investment Insights
Based on property information with market context.
This 1,300-square-foot corner warehouse provides a controlled interior environment for vehicle storage, equipment, or personal workspace. Climate control helps shield stored property from Florida’s intense sunlight, while the corner configuration provides additional maneuvering room.
The unit is located within a gated facility at A1-25390 Fortran Dr in Punta Gorda, Florida. Its format accommodates a range of storage and hobby applications, including boats, motorcycles, RVs, and car collections. The enclosed setting also supports owners seeking a dedicated space for equipment or recreational vehicles.
The unit is located within a gated facility at A1-25390 Fortran Dr in Punta Gorda, Florida. Its format accommodates a range of storage and hobby applications, including boats, motorcycles, RVs, and car collections. The enclosed setting also supports owners seeking a dedicated space for equipment or recreational vehicles.
Key Highlights
- 1,300 square feet of fully climate‑controlled space
- Corner‑unit configuration with added maneuverability
- Located within a gated facility
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
$12,199
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
4.98%
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%
$243,980
$244.0K
Cap Rate 7%
$174,271
$174.3K
Cap Rate 9%
$135,544
$135.5K
Market Conditions
NOI Build-Up for 1,300 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
$15.6K $12.00/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$14.4K $11.04/SF
− OpEx
−$2.2K −$1.66/SF
NOI
$12.2K $9.38/SF
Area
Charlotte County, FL
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
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%
$243,980
Cap Rate 7%
$174,271
Cap Rate 9%
$135,544
Alternative Uses
Best Use
Warehouse
$174.3K
$152.5K – $203.3K
NOI $12,199 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.7K
$372.5K – $496.6K
NOI $29,796 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Gated commercial unit suited to vehicle storage, equipment, or private hobby use.
Where is this warehouse located?
The property is located at A1-25390 Fortran Dr Punta Gorda, FL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,300 square feet of fully climate‑controlled space; Corner‑unit configuration with added maneuverability; Located within a gated facility
