Duplex Rehabilitation
For Sale
$200,000
Pending
B-619 W Marion Ave, Punta Gorda, FL 33950
Two-unit residential property requiring complete rehabilitation and offered in its current condition.
Property Size1,268 SF
Days on Market40
Property Features for B-619 W Marion Ave
General Information
Standard status
Pending
Size
1,268 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,879
Listing Agency:
Florida Home Center, LLC
(561) 703-3700
Listed By:
Jaclyn G Muskat · License #3010839
(561) 703-3700
Source:
Exprealty
Added: Jul 10
Changed: Aug 16
Last Checked: Aug 17 at 4:23PM
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 Florida Home Center, LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,268 square feet and requires complete rehabilitation following hurricane damage. The property is offered strictly as-is, presenting a substantial restoration project for a purchaser prepared to address the existing condition. The probate sale is intended for cash buyers.
The property is located at B-619 W Marion Ave in Punta Gorda, one block from Gilchrist Park and Charlotte Harbor. Parks, waterfront areas, restaurants, and downtown amenities are nearby, providing a defined surrounding context for the site.
The property is located at B-619 W Marion Ave in Punta Gorda, one block from Gilchrist Park and Charlotte Harbor. Parks, waterfront areas, restaurants, and downtown amenities are nearby, providing a defined surrounding context for the site.
Key Highlights
- Duplex with 1,268 square feet
- Hurricane‑damaged property requiring complete rehabilitation
- Sale offered strictly as‑is
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
$12,266
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
6.13%
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%
$245,320
$245.3K
Cap Rate 7%
$175,229
$175.2K
Cap Rate 9%
$136,289
$136.3K
Market Conditions
NOI Build-Up for 1,268 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
$21.6K $17.04/SF
− Vacancy
−$4.1K −$3.22/SF
EGI
$17.5K $13.82/SF
− OpEx
−$5.3K −$4.15/SF
NOI
$12.3K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /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%
$245,320
Cap Rate 7%
$175,229
Cap Rate 9%
$136,289
Alternative Uses
Best Use
Multifamily LT 5
$175.2K
$153.3K – $204.4K
NOI $12,266 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$159.9K
$139.9K – $186.6K
NOI $11,195 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,063 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,619
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property requiring complete rehabilitation and offered in its current condition.
Where is this duplex located?
The property is located at B-619 W Marion Ave Punta Gorda, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Duplex with 1,268 square feet; Hurricane‑damaged property requiring complete rehabilitation; Sale offered strictly as‑is
