Industrial Condo with Overhead
For Sale
$199,000
D9-19800 Veterans Blvd, Port Charlotte, FL 33954
Flexible industrial condo with overhead door access and parking, well suited for warehouse, distribution, or light industrial use.
Property Size1,150 SF
Price / SF$173.04
Days on Market117
Property Features for D9-19800 Veterans Blvd
General Information
Standard status
Active
Size
1,150 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,872
Listing Agency:
KW PEACE RIVER PARTNERS
(941) 875-9060
Listed By:
Danny Nix · License #3307013
(941) 724-0080
Source:
Exprealty
Added: May 12
Changed: Aug 26
Last Checked: Sep 5 at 1:28PM
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.
Industrial commercial condo offering flexible space totaling 1,150 square feet, designed to support warehouse, distribution, light industrial, contractor, and service-based operations. The unit includes overhead door access, along with ample parking, and it benefits from prominent visibility along Veterans Blvd.
Conveniently located in Port Charlotte with access to major nearby corridors including US-41 and I-75, the property is positioned to serve Charlotte County and Southwest Florida. The surrounding area reflects a mix of retail, industrial, and professional development, supporting both day-to-day operations and longer-term demand for well-situated industrial space.
This setup is a practical fit for an owner-user looking for a functional industrial base with direct overhead access, or for an investor seeking a manageable commercial condo in a growing business area. With its straightforward configuration and strong location for distribution-style activity, the property can accommodate a range of light industrial and service tenants that value convenient regional connectivity and on-site parking.
Conveniently located in Port Charlotte with access to major nearby corridors including US-41 and I-75, the property is positioned to serve Charlotte County and Southwest Florida. The surrounding area reflects a mix of retail, industrial, and professional development, supporting both day-to-day operations and longer-term demand for well-situated industrial space.
This setup is a practical fit for an owner-user looking for a functional industrial base with direct overhead access, or for an investor seeking a manageable commercial condo in a growing business area. With its straightforward configuration and strong location for distribution-style activity, the property can accommodate a range of light industrial and service tenants that value convenient regional connectivity and on-site parking.
Key Highlights
- Industrial commercial condo at 19800 Veterans Blvd, Port Charlotte, FL
- Flexible layout for warehouse, distribution, light industrial, contractor, or service‑based businesses
- Overhead door access for loading and warehouse operations
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
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 - Flexible industrial condo with overhead door access and parking, well suited for warehouse, distribution, or light industrial use.
Where is this flex space located?
The property is located at D9-19800 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, Port Charlotte, FL; Flexible layout for warehouse, distribution, light industrial, contractor, or service‑based businesses; Overhead door access for loading and warehouse operations
