Industrial Flex Condo with Overhead
For Sale
$199,000
D8-19800 Veterans Blvd, Port Charlotte, FL 33954
Functional industrial flex condo with overhead door access and parking, suited for warehouse and light industrial users.
Property Size1,150 SF
Price / SF$173.04
Days on Market105
Property Features for D8-19800 Veterans Blvd
General Information
Standard status
Active
Size
1,150 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,872
Listing Agency:
KW PEACE RIVER PARTNERS
(941) 724-0080
Listed By:
Danny Nix · License #3307013
(941) 724-0080
Source:
Exprealty
Added: May 12
Changed: Aug 20
Last Checked: Aug 23 at 5:03AM
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 KW PEACE RIVER PARTNERS
Investment Insights
Based on property information with market context.
This industrial commercial condo offers a flexible layout designed to support warehouse, distribution, light industrial, contractor, or service-based operations. The unit includes overhead door access for practical loading and delivery workflows, along with ample parking for staff and visitors.
Located at 19800 Veterans Blvd in Port Charlotte, Florida, the condo provides convenient access to US-41 and I-75 and the surrounding commercial corridors. The property also benefits from visibility along Veterans Blvd, which can support day-to-day operations for businesses serving customers across Charlotte County and Southwest Florida.
As an industrial condo, this offering can fit both owner-users and investors looking for a manageable industrial space in a developing area that includes retail, industrial, and professional development. The combination of overhead door access, parking, and flexible industrial use supports a range of operational needs, from distribution to contracting and other service-oriented light industrial uses. All details should be verified for accuracy.
Located at 19800 Veterans Blvd in Port Charlotte, Florida, the condo provides convenient access to US-41 and I-75 and the surrounding commercial corridors. The property also benefits from visibility along Veterans Blvd, which can support day-to-day operations for businesses serving customers across Charlotte County and Southwest Florida.
As an industrial condo, this offering can fit both owner-users and investors looking for a manageable industrial space in a developing area that includes retail, industrial, and professional development. The combination of overhead door access, parking, and flexible industrial use supports a range of operational needs, from distribution to contracting and other service-oriented light industrial uses. All details should be verified for accuracy.
Key Highlights
- Industrial commercial condo at 19800 Veterans Blvd in Port Charlotte, FL
- Functional layout suited for warehouse, distribution, light industrial, contractor, or service‑based businesses
- Overhead door access provides convenient loading and industrial functionality
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
$10,792
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
5.42%
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%
$215,840
$215.8K
Cap Rate 7%
$154,171
$154.2K
Cap Rate 9%
$119,911
$119.9K
Market Conditions
NOI Build-Up for 1,150 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
$13.8K $12.00/SF
− Vacancy
−$1.1K −$0.96/SF
EGI
$12.7K $11.04/SF
− OpEx
−$1.9K −$1.66/SF
NOI
$10.8K $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%
$215,840
Cap Rate 7%
$154,171
Cap Rate 9%
$119,911
Alternative Uses
Best Use
Warehouse
$154.2K
$134.9K – $179.9K
NOI $10,792 @ 7.0% cap · market cap 5.42%
Second Best
Flex RnD
$146.6K
$128.2K – $171.0K
NOI $10,259 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$376.5K
$329.5K – $439.3K
NOI $26,358 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,634
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33954, FL
11,040
Population
5,099
Households
2.2
Avg Household Size
52
Median Age
23%
College-Educated
92%
High-School Grad
8.6 sq mi
ZIP Area
1,284
Density / Sq Mi
$83,081
Median Household Income
$43,823
Median Earnings
$1,830
Median Rent
$304,000
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?
Flex space - Functional industrial flex condo with overhead door access and parking, suited for warehouse and light industrial users.
Where is this flex space located?
The property is located at D8-19800 Veterans Blvd Port Charlotte, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Industrial commercial condo at 19800 Veterans Blvd in Port Charlotte, FL; Functional layout suited for warehouse, distribution, light industrial, contractor, or service‑based businesses; Overhead door access provides convenient loading and industrial functionality
