Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Northup Dr Cleveland, FL 33982

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Northup Dr Cleveland, FL 33982

    View on Map
    • Land
    • 7.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Northup Dr

    Lot size
    7.50 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 7.5-acre industrial land parcel is situated within the Airport Commerce Center in Punta Gorda, Florida, offering a prime location for development. Zoned ECAP, this shovel-ready site boasts existing infrastructure including city water and sewer, three-phase electric, and a master off-site retention system, minimizing on-site requirements. The property is priced at $4.50 per square foot, translating to approximately $196,020 per acre. Located near the Charlotte County Airport (PGD), this site benefits from convenient access to a 7,195-foot runway, control tower, and taxiways, along with numerous T-hangars. The Enterprise Charlotte Airport Park, where this property resides, is a thriving hub for economic development, supported by over 50 non-stop commercial flights. Punta Gorda's strategic location provides easy access to major markets, including Sarasota (45 miles), Tampa (85 miles), Orlando (120 miles), Fort Myers (25 miles), Naples (60 miles), and Miami (160 miles). Additional adjacent land is available, and the property can be subdivided to meet specific needs. The APN is 412314200007. This is an unparalleled opportunity to capitalize on the growth and potential of this dynamic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Charlotte
    State
    Florida
    Longitude
    -81.976
    Latitude
    26.9164

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      8294 Northup Dr

      Land • 5.00 Acres
      8294 Northup Dr, Punta Gorda, FL 33982
      View Details
    • Value Estimation by Request
      5.00 Acres

      8292 Holmes Blvd

      Land • 5.00 Acres
      8292 Holmes Blvd, Punta Gorda, FL 33982
      View Details
    • Value Estimation by Request
      34.00 Acres

      2201 Duncan Rd

      Farms • 34.00 Acres
      2201 Duncan Rd, Punta Gorda, FL 33982
      View Details
    • Value Estimation by Request
      0.25 Acres

      5136 Fairway Dr

      Multifamily properties • 1 SF
      5136 Fairway Dr, Punta Gorda, FL 33982
      View Details
    • Value Estimation by Request
      0.25 Acres

      6085 Golf Course Blvd

      Land • 0.25 Acres
      6085 Golf Course Blvd, Punta Gorda, FL 33982
      View Details
    • Value Estimation by Request
      0.25 Acres

      5300 Fairway Dr

      Land • 0.25 Acres
      5300 Fairway Dr, Punta Gorda, FL 33982
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Opportunity Near Highway 17

      16.85 acre development opportunity near Punta Gorda Airport.
      2201 Duncan Rd, Punta Gorda, FL 33982
      View Details
    • $199,999

      Land For Sale Punta Gorda

      Land available in Punta Gorda, Florida.
      40510 Suzan Dr, Punta Gorda, FL 33982
      View Details
    • Contact for pricing

      Land For Sale

      Land available in Charlotte County.
      140 Vanilla Cir, Punta Gorda, FL 33982
      View Details
    • $245,900

      Land For Sale

      Land available in Charlotte County.
      41301 Little Farm Rd, Punta Gorda, FL 33982
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Punta Gorda Industrial Build-to-Suit

      Industrial build-to-suit opportunity near I-75 and Punta Gorda Airport.
      28280 Woodlawn Dr, Punta Gorda, FL 33982
      View Details
    • $14 SF/Yr
      10,000 SF

      New Flex Warehouse Development

      10,000 SF flex warehouse under construction, available for lease.
      8429 Northup Dr, Punta Gorda, FL 33982
      View Details
    • Contact for pricing
      18,000 SF

      Warehouse Space in Industrial Park

      18,000± SF warehouse space available for lease.
      5445 Williamsburg Dr, Punta Gorda, FL 33982
      View Details
    • Contact for pricing

      Punta Gorda Warehouse Space Available

      Warehouse units available with outside storage in Punta Gorda.
      8307 Holmes Blvd, Punta Gorda, FL 33982
      View Details
    • Contact for pricing

      Punta Gorda Flex Commercial Space

      Adaptable commercial space with ample parking and highway access.
      5260 Duncan Rd, Punta Gorda, FL 33982
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Northup Dr
    Cleveland, FL 33982
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!