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    1249 Capricorn Blvd Punta Gorda, FL 33983

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    1249 Capricorn Blvd Punta Gorda, FL 33983

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    • Commercial real estate
    • 2.13 lot acres
    For Sale
    $549,500
    View Listing →
    COMMERCIAL - Punta Gorda, FL For Sale
    $549,500
    2.13 Acres

    COMMERCIAL - Punta Gorda, FL

    Commercial real estate · 2.13 Acres

    1249 Capricorn Boulevard, Punta Gorda, FL 33983
    View Listing
    Property ID
    US18-0059400
    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

    • Commercial real estate

    Property Details for 1249 Capricorn Blvd

    Lot size
    2.13 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.13-acre parcel in Punta Gorda, Florida, presents a prime opportunity for multifamily development. Located at 1249 Capricorn Blvd, in the desirable Deep Creek neighborhood, this RMF-15 zoned lot is fully approved for construction of Palm View, a 31-unit, two-bedroom apartment complex. The project plans include a community pool and clubhouse, catering to the high demand for two-bedroom apartments in this area. The property's strategic location offers convenient access to shopping centers and diverse dining options, enhancing its appeal to potential residents. Seller financing is available, making this an attractive investment for developers seeking to capitalize on the robust multifamily market in Punta Gorda. The property's address is 1249 Capricorn Blvd, Punta Gorda, FL 33983, within Charlotte County. This fully approved project offers a streamlined path to development, minimizing pre-construction hurdles and maximizing return on investment. The site's size and zoning provide ample space to realize a thriving residential community. This is a rare opportunity to acquire a ready-to-build multifamily development site in a high-demand location. The asking price is $899,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.041001
    Latitude
    27.01017

    Comparable in this City

    • Contact for pricing
      Pending

      First Floor Condo Lake View

      Two-bedroom condo with lake views, community pool, and low HOA.
      25275 Rampart Blvd, Punta Gorda, FL 33983
      View Details
    • New
      $1,649,900
      8,664 SF

      Under Construction Multifamily Investment Opportunity

      Eight-unit multifamily property under construction in Deep Creek, Punta Gorda.
      1215 Capricorn Blvd, Punta Gorda, FL 33983
      View Details
    • $349,990
      1.35 Acres

      Punta Gorda Land Opportunity

      Land for 20-unit development in great location.
      1227 Capricorn Blvd, Punta Gorda, FL 33983
      View Details
    • $419,900
      2,132 SF

      Punta Gorda Duplex Opportunity

      Well-maintained duplex in Deep Creek, ideal for investors/owner-occupants.
      1061+1065 Nomad Rd, Punta Gorda, FL 33983
      View Details
    • $699,000
      3,314 SF

      New Punta Gorda Income Property

      New duplex in desirable location near amenities and beaches.
      1036 San Cristobal Ave, Punta Gorda, FL 33983
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      First Floor Condo Lake View

      Two-bedroom condo with lake views, community pool, and low HOA.
      25275 Rampart Blvd, Punta Gorda, FL 33983
      View Details
    • New
      $1,649,900
      8,664 SF

      Under Construction Multifamily Investment Opportunity

      Eight-unit multifamily property under construction in Deep Creek, Punta Gorda.
      1215 Capricorn Blvd, Punta Gorda, FL 33983
      View Details
    • $588,000
      2,700 SF

      New Construction Duplex Near I-75

      New construction duplex in Deep Creek, near I-75 and amenities.
      1320 Rio De Janeiro Ave, Punta Gorda, FL 33983
      View Details
    • $150,000
      884 SF

      Updated Condo in Villa Manor

      Updated 2-bedroom condo in desirable Deep Creek community.
      26485 Rampart Blvd, Punta Gorda, FL 33983
      View Details
    • $349,990
      1.35 Acres

      Punta Gorda Land Opportunity

      Land for 20-unit development in great location.
      1227 Capricorn Blvd, Punta Gorda, FL 33983
      View Details

    Similar Nearby for Lease

    • $18,240 /Mo

      Deep Creek Plaza Retail Space

      Retail space in a community-centric plaza with convenient access.
      24901 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • $16 SF/Yr
      1,140 SF

      PUNTA GORDA Retail Space

      Retail space in popular Deep Creek Commons Plaza.
      24901 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • Contact for pricing

      Punta Gorda Office/Retail Space

      Office or retail space available for rent in Punta Gorda.
      1531-1533 Rio De Janeiro Ave, Punta Gorda, FL 33983
      View Details
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    Punta Gorda, FL 33983
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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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