Oversized Vehicle Storage
For Sale
$244,900
D3-25155 Airport Rd, Punta Gorda, FL 33950
Purpose-built, secured storage unit with climate-care features and access amenities for RVs, boats, and large vehicles.
Property Size1,248 SF
Price / SF$196.23
Days on Market128
Property Features for D3-25155 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
Taxes and HOA fees
Annual Taxes
$16,762
Amenities
24/7 surveillance cameras
Wi-Fi access
hose bibs
bathrooms
dumpsters
lawn care
Listing Agency:
SUN REALTY
(828) 726-9170
Listed By:
Andrea Boutchia · License #3455564
(828) 726-9170
Source:
Exprealty
Added: Apr 14
Changed: Aug 17
Last Checked: Aug 18 at 1:18PM
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.
Unit D-3 is a 1,248-square-foot storage condominium under construction within a planned 79-unit Phase 1 facility. The unit measures approximately 54 feet by 24 feet and includes a 16-foot-wide by 14-foot-high hurricane-rated garage door, an 18-foot-high ceiling, and A/C mini-split systems for climate care. Approximately 80 feet separates the buildings, supporting maneuvering for trucks, trailers, boats, and other oversized vehicles.
The gated property is positioned at Airport Road and Taylor Road near downtown Punta Gorda and Punta Gorda Airport. Planned site features include 24/7 surveillance cameras, Wi-Fi, hose bibs, bathrooms, and dumpsters. Project completion is anticipated by the end of 2026, with lawn and landscape maintenance covered through a low monthly condo fee.
The gated property is positioned at Airport Road and Taylor Road near downtown Punta Gorda and Punta Gorda Airport. Planned site features include 24/7 surveillance cameras, Wi-Fi, hose bibs, bathrooms, and dumpsters. Project completion is anticipated by the end of 2026, with lawn and landscape maintenance covered through a low monthly condo fee.
Key Highlights
- Unit D‑3 measures approximately 54 feet long by 24 feet wide
- 1,248‑square‑foot storage unit with an 18‑foot‑high ceiling
- 16‑foot‑wide by 14‑foot‑high hurricane‑rated garage door
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
Warehouse
$167.3K
$146.4K – $195.2K
NOI $11,711 @ 7.0% cap · market cap 4.78%
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
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
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 - Purpose-built, secured storage unit with climate-care features and access amenities for RVs, boats, and large vehicles.
Where is this self storage facility located?
The property is located at D3-25155 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: Unit D‑3 measures approximately 54 feet long by 24 feet wide; 1,248‑square‑foot storage unit with an 18‑foot‑high ceiling; 16‑foot‑wide by 14‑foot‑high hurricane‑rated garage door
