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    421 Griffith St Punta Gorda, FL 33950

    • Commercial real estate
    • 2.23 lot acres
    For Sale
    View listing
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3362733
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 421 Griffith St

    Lot size
    2.23 lot acres
    Property type
    Commercial real estate
    APN
    412305134002, 412305134003, 412305135001, 412305135002

    Description

    This exceptional offering presents a rare opportunity to acquire four high-density residential lots encompassing 2.23 acres in desirable Punta Gorda, Florida. Zoned RSF5, this property boasts an unbeatable location, less than two miles from the vibrant downtown area and within a mile of I-75, providing effortless access to major transportation routes. The convenience extends to proximity to educational institutions, with Florida Southwestern State College approximately three miles away, and Punta Gorda Airport (PGD) just four miles distant. The combined parcel numbers are 412305134002, 412305134003, 412305135001, and 412305135002. The land is priced at $250,000, translating to approximately $156,950 per acre, representing a compelling value in this sought-after area. This prime real estate presents significant potential for residential development, offering a unique blend of convenience, accessibility, and growth potential. The total available square footage is approximately 97,138 square feet. Don't miss this chance to secure this exceptional investment opportunity in a thriving Florida community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0335512
    Latitude
    26.9448439

    Comparable in this City

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      Punta Gorda Isles Land - 42 Units

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      View Details

    Similar Nearby for Sale

    • $275,000
      0.17 Acres

      Gulf Access Waterfront Lot

      Punta Gorda Residential Land, $275,000
      4511 Vasco St, Punta Gorda, FL 33950
      View Details
    • $8,000,000
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      Prime Punta Gorda Waterfront Land

      9.34 Acres, Multi-Family Potential
      25405 Shore Dr, Punta Gorda, FL 33950
      View Details
    • $57,000
      0.09 Acres

      Vacant Lot in 55+ Community

      Cleared, level lot in active 55+ community with low HOA.
      35 Amsterdam Ave, Punta Gorda, FL 33950
      View Details
    • $325,000
      0.46 Acres

      Waterfront Multifamily Development Opportunity

      0.46-acre waterfront lot in Punta Gorda Isles, zoned multifamily.
      3323 Purple Martin Dr, Punta Gorda, FL 33950
      View Details
    • $2,000,000
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      Prime Punta Gorda Waterfront Land

      17± Acres, Riverfront Estate Site
      26082 Shore Dr, Punta Gorda, FL 33950
      View Details
    • $1,200,000

      Punta Gorda Isles Land - 42 Units

      Prime residential land, approved plans, excellent location.
      2001 Bal Harbor Blvd, Punta Gorda, FL 33950
      View Details

    Similar Nearby for Lease

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      Prime location with versatile offices and reception area.
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      Punta Gorda Flex/Industrial Space

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    • $5,400 /Mo

      Punta Gorda Corporate Suites

      Customizable office suites available in downtown Punta Gorda.
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    421 Griffith St
    Punta Gorda, FL 33950
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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