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    Property profile & analytics

    Punta Gorda, FL 33950

    • Land
    • 0.54 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details

    Lot size
    0.54 lot acres
    Property type
    Land
    Property subtype
    High-rise multifamily apartments

    Description

    This exceptional 0.54-acre commercial and residential land parcel, located in Punta Gorda, Florida (zip code 33950), presents a unique investment opportunity. Designated as Lot 9 in Clay's Subdivision, this property is zoned RMF5, permitting the construction of up to five units per acre, making it ideal for multi-family development. County records indicate the lot size is approximately 0.54 acres. Access is via an unconstructed city right-of-way off Cooper Street. The land is currently heavily vegetated with mature pepper trees, palms, and other plants. Conveniently located near essential amenities, this property boasts proximity to family-oriented schools, Florida SouthWestern State College (FSW), a police station, a growing airport, various services, a hospital, and a significant concentration of multi-family and cluster homes. Municipal water and sewer services are readily available nearby. The asking price for this strategically positioned lot is $90,000. Note that an additional 2.33 acres of land is available in the vicinity for potential expansion or complementary development. This property offers significant potential for investors seeking to capitalize on Punta Gorda's thriving real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0396
    Latitude
    26.9203

    Comparable in this City

    • Value Estimation by Request
      2.33 Acres

      2045 Cooper St

      Multifamily properties • 2.33 Acres
      2045 Cooper St, Punta Gorda, FL 33950
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      1.04 Acres

      840 Carmalita St

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      840 Carmalita St, Punta Gorda, FL 33950
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      1359 Aqui Esta Dr

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      8.05 Acres

      3211 Taylor Rd

      Land • 8.05 Acres
      3211 Taylor Rd, Punta Gorda, FL 33950
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    • Value Estimation by Request
      105.00 Acres

      901 Aqui Esta Dr

      Land • 105.00 Acres
      901 Aqui Esta Dr, Punta Gorda, FL 33950
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    • Value Estimation by Request
      0.34 Acres

      600 Vía Tripoli

      Private islands • 0.34 Acres
      600 Vía Tripoli, Punta Gorda, FL 33950
      View Details

    Similar Nearby for Sale

    • $57,000
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      Punta Gorda Isles Development Opportunity

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    • $275,000
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      Gulf Access Waterfront Lot

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    • $8,000,000
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      Prime Punta Gorda Waterfront Land

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    • $285,000

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    Similar Nearby for Lease

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      Punta Gorda Retail Space For Lease

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      Secure Land Parcel For Rent

      Land parcel with security features and accessibility near I-75.
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    • $163,080

      Spacious Retail Property Near I-75

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    • $1,000 /Mo
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      Furnished Office Space Near Waterfront

      Move-in ready office space with flexible lease terms and amenities.
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    • $18 SF/Yr
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      Versatile Retail Space Near I-75

      Divisible 9,060 SF retail space with ample parking.
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    • $5,400 /Mo

      Punta Gorda Corporate Suites

      Customizable office suites available in downtown Punta Gorda.
      223 Taylor 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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