Multi-Unit Industrial
For Sale
$799,900
O-23064 Harborview Rd, Port Charlotte, FL 33980
IG-zoned warehouse with multiple suites and two bathrooms for flexible industrial occupancy.
Property Size8,800 SF
Price / SF$90.90
Days on Market9
Property Features for O-23064 Harborview Rd
General Information
Standard status
Active
Size
8,800 SF
Zoning
IG
Taxes and HOA fees
Annual Taxes
$12,618
Building Details
Buildings
1
Building Size
8,800 SF
Listing Agency:
Thomas Ryan Real Estate Manage
Listed By:
Shannon Gadbois · License #3117319
(941) 833-4777
Source:
Exprealty
Added: Sep 3
Changed: Sep 10
Last Checked: Sep 10 at 2:47PM
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 Thomas Ryan Real Estate Manage
Investment Insights
Based on property information with market context.
This approximately 8,800-square-foot warehouse is configured as seven individual units, including one double unit, creating a multi-suite industrial property with adaptable occupancy options. The building also includes two bathrooms and carries IG (Industrial General) zoning, supporting a range of industrial and commercial uses.
The property is on Harborview Road near the intersection with Kings Highway in Charlotte Harbor. Its location provides exposure along a prominent corridor and convenient access to the surrounding road network. The existing unit layout can accommodate an owner-user, multiple occupants, or a combination of business and leasing uses.
The property is on Harborview Road near the intersection with Kings Highway in Charlotte Harbor. Its location provides exposure along a prominent corridor and convenient access to the surrounding road network. The existing unit layout can accommodate an owner-user, multiple occupants, or a combination of business and leasing uses.
Key Highlights
- Approximately 8,800 square feet of industrial warehouse space
- Seven individual units, including one double unit
- IG (Industrial General) zoning
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
$68,006
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
8.50%
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%
$1,360,120
$1.4M
Cap Rate 7%
$971,514
$971.5K
Cap Rate 9%
$755,622
$755.6K
Market Conditions
NOI Build-Up for 8,800 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
$105.6K $12.00/SF
− Vacancy
−$8.4K −$0.96/SF
EGI
$97.2K $11.04/SF
− OpEx
−$29.1K −$3.31/SF
NOI
$68.0K $7.73/SF
Area
Charlotte County, FL
Vacancy
8.00%
Lease Rate
$12.00 /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%
$1,360,120
Cap Rate 7%
$971,514
Cap Rate 9%
$755,622
Alternative Uses
Best Use
Warehouse
$1.18M
$1.03M – $1.38M
NOI $82,579 @ 7.0% cap · market cap 10.32%
Second Best
Flex RnD
$1.12M
$981.3K – $1.31M
NOI $78,507 @ 7.0% cap · market cap 9.81%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,696 @ 7.0% cap · market cap 25.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33980, FL
11,762
Population
8,108
Households
1.5
Avg Household Size
63
Median Age
21%
College-Educated
92%
High-School Grad
9.2 sq mi
ZIP Area
1,278
Density / Sq Mi
$61,871
Median Household Income
$33,365
Median Earnings
$1,216
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - IG-zoned warehouse with multiple suites and two bathrooms for flexible industrial occupancy.
Where is this warehouse located?
The property is located at O-23064 Harborview Rd Port Charlotte, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Approximately 8,800 square feet of industrial warehouse space; Seven individual units, including one double unit; IG (Industrial General) zoning
