Under-Construction Storage Unit with Garage
For Sale
$244,900
D2-25155 Airport Rd, Punta Gorda, FL 33950
For sale, secured RV/vehicle storage unit with a 14-foot-high hurricane-rated door and A/C mini-split climate care.
Property Size1,248 SF
Price / SF$196.23
Days on Market139
Property Features for D2-25155 Airport Rd
General Information
Standard status
Active
Size
1,248 SF
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Additional Details
Fenced Yard
Yes
Multifamily Units
79
Taxes and HOA fees
Annual Taxes
$16,762
Listing Agency:
SUN REALTY
(828) 726-9170
Listed By:
Andrea Boutchia · License #3455564
(828) 726-9170
Source:
Exprealty
Added: Apr 14
Changed: Aug 21
Last Checked: Aug 29 at 1:23PM
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 SUN REALTY
Investment Insights
Based on property information with market context.
This under-construction self-storage unit, Unit D-2, is being built for large RVs, boats, and oversized vehicles. The unit measures approximately 54 feet long by 24 feet wide and features a 16-foot-wide by 14-foot-high hurricane-rated garage door, along with an approximately 18-foot-high ceiling to support taller storage needs.
The facility will be fully secured and gated, with 24/7 surveillance cameras. Phase 1 includes a total of 79 units, and the unit is planned within a development located at the corner of Airport Road and Taylor Road near downtown Punta Gorda and Punta Gorda Airport. The design includes about 80 feet of separation between buildings, supporting maneuverability for big trucks, trailers, and boats entering and exiting the site.
On-site convenience and protection are built into the project, including A/C mini-split systems for climate-care, Wi-Fi access, hose bibs for vehicle cleaning, bathrooms, and dumpsters. A low monthly condo fee is stated to cover lawn care and landscape maintenance, including mowing. The project is anticipated to be completed by the end of 2026, making this a purpose-built option for owner-users seeking a secure, practical storage setup in a long-term facility under development.
The facility will be fully secured and gated, with 24/7 surveillance cameras. Phase 1 includes a total of 79 units, and the unit is planned within a development located at the corner of Airport Road and Taylor Road near downtown Punta Gorda and Punta Gorda Airport. The design includes about 80 feet of separation between buildings, supporting maneuverability for big trucks, trailers, and boats entering and exiting the site.
On-site convenience and protection are built into the project, including A/C mini-split systems for climate-care, Wi-Fi access, hose bibs for vehicle cleaning, bathrooms, and dumpsters. A low monthly condo fee is stated to cover lawn care and landscape maintenance, including mowing. The project is anticipated to be completed by the end of 2026, making this a purpose-built option for owner-users seeking a secure, practical storage setup in a long-term facility under development.
Key Highlights
- Under‑construction secured RV/vehicle storage unit Unit D‑2, approximately 54' long x 24' wide
- 16' wide x 14' hurricane‑rated garage door with 18' high ceiling for large RVs, boats, and oversized vehicles
- Fully secured, gated facility with 24/7 surveillance cameras
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
$12,742
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
5.20%
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%
$254,840
$254.8K
Cap Rate 7%
$182,029
$182.0K
Cap Rate 9%
$141,578
$141.6K
Market Conditions
NOI Build-Up for 1,248 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
$19.5K $15.60/SF
− Vacancy
−$1.3K −$1.01/SF
EGI
$18.2K $14.59/SF
− OpEx
−$5.5K −$4.38/SF
NOI
$12.7K $10.21/SF
Area
Charlotte County, FL
Vacancy
6.50%
Lease Rate
$15.60 /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%
$254,840
Cap Rate 7%
$182,029
Cap Rate 9%
$141,578
Alternative Uses
Best Use
Self Storage
$182.0K
$159.3K – $212.4K
NOI $12,742 @ 7.0% cap · market cap 5.20%
Second Best
Industrial
$137.8K
$120.6K – $160.8K
NOI $9,645 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$408.6K
$357.6K – $476.7K
NOI $28,604 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
79
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
140
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - For sale, secured RV/vehicle storage unit with a 14-foot-high hurricane-rated door and A/C mini-split climate care.
Where is this self storage facility located?
The property is located at D2-25155 Airport Rd Punta Gorda, FL.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Under‑construction secured RV/vehicle storage unit Unit D‑2, approximately 54' long x 24' wide; 16' wide x 14' hurricane‑rated garage door with 18' high ceiling for large RVs, boats, and oversized vehicles; Fully secured, gated facility with 24/7 surveillance cameras
