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    1200 W Retta Esplanade Punta Gorda, FL 33950
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    Property profile & analytics

    1200 W Retta Esplanade, Punta Gorda, FL 33950

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    • Retail space
    • 16,816 SF
    • 5.00 lot acres
    For Sale
    $5,310,000
    View Listing →
    Fishermen's Village Premier Commercial Property For Sale
    $5,310,000
    85,549 SF

    Fishermen's Village Premier Commercial Property

    Marina, retail, and resort on 14.23 acres in Punta Gorda.

    1200 W Retta Esplanade, Punta Gorda, FL 33950
    View Listing
    Property ID
    US18-5538073
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Smugglers Culinary Catering / Take-out & Catering / Catering Service
    • Sea Spirit / (Bike/Boat/Book/etc) Store
    • Nichole's Collections / Clothing & Fashion Store
    • Bijoux / (Bike/Boat/Book/etc) Store
    • Smuggler’s Enterprises, Inc. / Marketing & Advertising / Event Planning

    Property Details for 1200 W Retta Esplanade

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.00 lot acres
    Zone code
    NC
    Property type
    Retail space
    APN
    41-22-12-126-001
    APU
    412212126001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 29, 2018 — 900 West Marion Avenue Fl LLC — Grant Deed · related $26M · M360 Community Dev Fund LLC
    Dec 6, 2016 $760,000 Jb Fishville Harbor Land LLC City Of Punta Gorda Warranty Deed —
    Dec 6, 2016 $2,750,000 Jb Fishville Retail Land LLC City Of Punta Gorda Warranty Deed —
    Aug 9, 2012 — Ata Fishville Fl LLC Bop Fishermens Village LLC Grant Deed · related —
    — — Jb Fishville Retail Land LLC — Loan Modification · related $91k · M360 Community Dev Fund LLC

    Description

    Exceptional waterfront investment opportunity in Punta Gorda, Florida. This mixed-use property encompasses a 14.23-acre site featuring a state-of-the-art marina with deep-water access and ample dockage for various vessel sizes. The property also includes 47 fully renovated hotel suites and 85,549 square feet of retail space, housing a diverse mix of shops and restaurants. The 36 tenants contribute to a vibrant atmosphere, attracting both tourists and locals. Located near major highways, the Punta Gorda Airport (PGD), and popular tourist destinations, this property benefits from high foot traffic and prime visibility. The property's location in Punta Gorda, the fifth fastest-growing metro area in the US, ensures continuous growth potential. This NNN-leased, multi-tenant property offers a unique blend of maritime allure and modern conveniences, making it an ideal investment for discerning buyers seeking a thriving commercial venture in a desirable coastal location. Offers are due September 2nd, 2024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,499,000
      Market price range: $2.29M - $5.50M
      AI Estimate
      $5,122,000
      Market price range: $2.19M - $5.12M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,900,000
      Current use
      INDUSTRIAL (GENERAL)
      $6,970,000
      Change: +79% Conversion: Difficult
      RESTAURANT
      $5,730,000
      Change: +47% Conversion: Easy
      COMMERCIAL (GENERAL)
      $5,195,000
      Change: +33% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,735,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $4,010,000
      Change: +3% Conversion: Difficult
      OFFICE BUILDING
      $3,455,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.064
    Latitude
    26.9284
    CBSA code
    39460
    CBSA name
    PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $244,391
    $0.00
    $0.00
    $13,091,701
    -
    $5,446,750
    $10,426,934
    $15,873,684

    Comparable in this City

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      522 Nesbit St

      RETAIL STORES (PERSONAL SERVICES)
      522 Nesbit St, Punta Gorda, FL 33950-4937
      View Details
    • Value Estimation
      $1,980,000
      7,716 SF

      1202 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES)
      1202 Tamiami Trl, Punta Gorda, FL 33950-5529
      View Details
    • Value Estimation by Request
      4.04 Acres

      900 Marion Ave

      Individual retail properties
      900 Marion Ave, Punta Gorda, FL 33950
      View Details
    • Value Estimation by Request
      864 SF

      180 Rio Villa Dr

      RETAIL STORES (PERSONAL SERVICES)
      180 Rio Villa Dr, Punta Gorda, FL 33950-7401
      View Details
    • Value Estimation
      $790,000
      2,862 SF

      208 Marion Ave

      RETAIL STORES (PERSONAL SERVICES)
      208 Marion Ave, Punta Gorda, FL 33950-4415
      View Details
    • Value Estimation by Request
      1,910 SF

      321 Taylor St

      RETAIL STORES (PERSONAL SERVICES)
      321 Taylor St, Punta Gorda, FL 33950-4829
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      85,549 SF

      Fishermen's Village Premier Commercial Property

      Marina, retail, and resort on 14.23 acres in Punta Gorda.
      1200 W Retta Esplanade, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      1,360 SF

      Prime Downtown Punta Gorda Property

      Highly visible commercial property in downtown Punta Gorda.
      236 S Tamiami Trl, Punta Gorda, FL 33950
      View Details
    • Contact for pricing

      Versatile Commercial Space in Punta Gorda

      Commercial space in the heart of Punta Gorda.
      401 E Olympia Ave, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      2,441 SF

      Commercial Property on Tamiami Trail

      High-visibility corner lot ideal for business or redevelopment.
      1308 Tamiami Trl, Punta Gorda, FL 33950
      View Details
    • New
      $1,600,000
      Pending

      Auto Shop with Four-Bay Garage

      Corner automotive property on Tamiami Trail with four-bay garage and two 12-foot overhead doors.
      1308 Tamiami Trl, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      Pending

      Taylor Road Commercial Property

      Prime location near I-75 and Punta Gorda Airport.
      4701 Taylor Rd, Punta Gorda, FL 33950
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,377 SF

      Retail Space in Punta Gorda

      Retail space available for lease in Punta Gorda, Florida.
      3941 Tamiami Trl, Punta Gorda, FL 33950
      View Details
    • $42,048

      Punta Gorda Commercial Building

      Versatile 1,752 sq ft space near downtown Punta Gorda.
      1838 Tamiami Trl, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      23,689 SF

      Retail Space in Punta Gorda

      Retail space for lease near Fisherman's Village.
      1107 W Marion Ave, Punta Gorda, FL 33950
      View Details
    • $15 SF/Yr

      Versatile Retail Space For Rent

      Spacious commercial property with flexible zoning and ample parking.
      10175 South Tamiami Trl, Punta Gorda, FL 33950
      View Details
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    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.

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