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    1231 Kings Hwy Port Charlotte, FL 33980-4284
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    Property profile & analytics

    1231 Kings Hwy, Port Charlotte, FL 33980-4284

    View on Map
    • Warehouses
    • 5,075 SF
    • 5.07 lot acres
    Off-Market
    Property ID
    US19-0840357
    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
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Metro Self Storage - Port Charlotte / Storage Facility
    • Maverick Pest Control / Garden Center

    Property Details for 1231 Kings Hwy

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    5.07 lot acres
    Zone code
    IG INDUSTRIAL-GENERAL
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    40-23-07-301-002
    APU
    402307301002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 10, 2023 — Port Charlotte Storage LP — Deed · related $15.5M · Empower Annuity Insurance Company
    Aug 20, 2007 — Charlotte Storage Port Owner,record Grant Deed · related —
    Jul 25, 2007 $6,660,417 Charlotte Storage Port Kings Highway Realty Trust Warranty Deed —
    Aug 2, 2004 — Kings Highway Realty Trust — Trustees Deed · related $2.6M · First National Bank Florida

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $838,000
      Market price range: $319k - $838k
      AI Estimate
      $838,000
      Market price range: $319k - $838k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $565,000
      Current use
      MEDICAL BUILDING
      $990,000
      Change: +76% Conversion: Difficult
      OFFICE BUILDING
      $665,000
      Change: +18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $575,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $545,000
      Change: -3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0546
    Latitude
    27.0099
    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
    $148,845
    $0.00
    $0.00
    $4,877,473
    -
    $1,325,634
    $2,061,896
    $3,387,530

    Comparable in this City

    • Value Estimation
      $11,060,000
      106,318 SF

      4536 Tamiami Trl

      MINI-WAREHOUSE, STORAGE
      4536 Tamiami Trl, Port Charlotte, FL 33980-2944
      View Details
    • Value Estimation
      $3,345,000
      32,400 SF

      4201 Whidden Blvd, Unit A

      MINI-WAREHOUSE, STORAGE
      4201 Whidden Blvd, Port Charlotte, FL 33980-8408
      View Details
    • Value Estimation
      $2,645,000
      16,000 SF

      23215 Harborview Rd

      MINI-WAREHOUSE, STORAGE
      23215 Harborview Rd, Port Charlotte, FL 33980-2102
      View Details
    • Value Estimation by Request
      10,550 SF

      23152 Harborview Rd

      MINI-WAREHOUSE, STORAGE
      23152 Harborview Rd, Port Charlotte, FL 33980-2100
      View Details
    • Value Estimation
      $3,650,000
      21,930 SF

      23227 Freedom Ave

      MINI-WAREHOUSE, STORAGE
      23227 Freedom Ave, Port Charlotte, FL 33980-2908
      View Details
    • Value Estimation by Request
      2,000 SF

      23415 Janice Ave, Unit 4-26

      WAREHOUSE, STORAGE
      23415 Janice Ave, Port Charlotte, FL 33980-5405
      View Details

    Similar Nearby for Sale

    • $700,000
      Pending

      Punta Gorda Industrial Warehouse

      7000+ sq ft warehouse with office/retail space for sale.
      4168 Electric Way, Punta Gorda, FL 33980
      View Details
    • $900,000

      Charlotte Harbor Industrial Units

      Three industrial units in Port Charlotte, suitable for warehousing.
      23064 Harborview Rd, Port Charlotte, FL 33980
      View Details
    • $985,000
      2,264 SF

      Commercial Warehouse in Prime Location

      6,300+ sqft warehouse with office space and ample parking.
      4415 Church St, Port Charlotte, FL 33980
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    • $900,000
      5,840 SF

      Port Charlotte Warehouse For Sale

      Warehouse property in the heart of Port Charlotte, Florida.
      23064 Harborview Rd, Port Charlotte, FL 33980
      View Details
    • $985,000

      Commercial Warehouse in Prime Location

      6,300+ sqft warehouse near US 41 and I-75.
      4415 Church St, Port Charlotte, FL 33980
      View Details
    • $700,000
      3,500 SF

      PUNTA GORDA Industrial Warehouse

      Industrial warehouse with office, storage, and fenced yard.
      4159 Electric Way, Punta Gorda, FL 33980
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,500 SF

      Warehouse Space Available For Lease

      5,000 SF warehouse space available for lease January 1, 2026.
      4240 James St, Port Charlotte, FL 33980
      View Details
    • Contact for pricing

      Versatile Warehouse Units For Rent

      Warehouse units for tradesman needs, prime industrial zone location.
      23160 Harbor View Rd, Punta Gorda, FL 33980
      View Details
    • $228,600

      Under Construction Warehouse Space Available

      Warehouse/storage space with office available for lease.
      4303 Pinnacle St, Punta Gorda, FL 33980
      View Details
    • $14 SF/Yr
      3,585 SF

      Harborview Road Flex Space Investment

      Prime Port Charlotte Flex Space, 3,585 SF
      23263 Harborview Rd, Port Charlotte, FL 33980
      View Details
    • $13 SF/Yr
      4,904 SF

      Punta Gorda Mixed-Use Space

      Prime mixed-use space in a growing Florida location.
      23180 Harper Ave, Port Charlotte, FL 33980
      View Details
    • Contact for pricing
      1,512 SF

      Medical Office Space Available

      Medical office space for lease in Port Charlotte, Florida.
      22655 Bayshore Rd, Port Charlotte, FL 33980
      View Details
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    Port Charlotte, FL 33980-4284
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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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