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

    1602 Market Cir Port Charlotte, FL 33953-3893

    • Warehouses
    • 7,200 SF
    • 0.56 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2025
    $1,200,000
    Value Estimations
    $1,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5184746
    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.

    Current Use by Public Records

    • Matt's Electric Inc / Electrical Service / General Contractor
    • Voyager Offroad / Big Box & Wholesale Store / Auto Parts Store

    Property Details for 1602 Market Cir

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Lot size
    0.56 lot acres
    Property size
    7,200 SF
    Zone code
    IG INDUSTRIAL-GENERAL
    Property type
    Warehouses
    APN
    40-22-07-108-013
    APU
    402207108013

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,125,000
      6.5%
      $1,040,000
      7%
      $965,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,121,000
      Market price range: $709k - $2.46M
      AI Estimate
      $1,121,000
      Market price range: $709k - $2.46M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,130,000
      Current use
      MEDICAL BUILDING
      $1,405,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $940,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1537
    Latitude
    27.0145
    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
    $11,318
    $0.00
    $0.00
    $490,767
    -
    $102,900
    $194,666
    $297,566

    Comparable in this City

    • Value Estimation by Request
      800 SF

      1489 Market Cir2-2j

      WAREHOUSE, STORAGE • 800 SF
      1489 Market Cir2-2j, Port Charlotte, FL 33953-3862
      View Details
    • Value Estimation
      $820,000
      7,200 SF

      1544 Market Cir11-9

      WAREHOUSE, STORAGE • 7,200 SF
      1544 Market Cir11-9, Port Charlotte, FL 33953-3870
      View Details
    • Value Estimation by Request
      1,255 SF

      1434 Market Cir2-2i

      WAREHOUSE, STORAGE • 1,255 SF
      1434 Market Cir2-2i, Port Charlotte, FL 33953-3860
      View Details
    • Value Estimation by Request
      1,000 SF

      1434 Market Cir2-2c

      WAREHOUSE, STORAGE • 1,000 SF
      1434 Market Cir2-2c, Port Charlotte, FL 33953-3860
      View Details
    • Value Estimation by Request
      1,000 SF

      1580 Market Cir, Unit 2

      WAREHOUSE, STORAGE • 1,000 SF
      1580 Market Cir, Port Charlotte, FL 33953-3833
      View Details
    • Value Estimation
      $1,670,000
      11,520 SF

      1129 Tamiami Trl, Unit 7

      WAREHOUSE, STORAGE • 11,520 SF
      1129 Tamiami Trl, Port Charlotte, FL 33953-3810
      View Details

    Similar Nearby for Sale

    • New
      $350,000
      2,555 SF

      Port Charlotte Industrial Flex Unit

      Industrial flex unit with warehouse and office space for sale.
      1434 Market Cir, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      0.23 Acres

      Port Charlotte Residential Land

      Build your dream home in sunny Florida!
      1316 Biscayne Dr, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      0.23 Acres

      Vacant Lot in Port Charlotte

      Vacant lot in quiet neighborhood, ideal for building your dream home.
      327 Tenk St, Port Charlotte, FL 33953
      View Details
    • $134,990

      Port Charlotte Land Near Water

      Land with proximity to water, restaurants, shopping, and beaches.
      2190 Cornelius Blvd, Port Charlotte, FL 33953
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    • Contact for pricing
      0.23 Acres

      Residential Land in Port Charlotte

      Land near shopping, golf, and beaches in Port Charlotte.
      1069 Nautilus Ter, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      0.23 Acres

      Port Charlotte Building Lot

      Building lot in Port Charlotte, partially cleared, utilities available.
      13342 Java Ave, Port Charlotte, FL 33953
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,560 SF

      Port Charlotte Industrial Building For Lease

      14,128 SF industrial building with office space for lease.
      1242 Market Cir, Port Charlotte, FL 33953
      View Details
    • $72,000

      Port Charlotte Warehouse Space Available

      Warehouse space available for lease in Port Charlotte, Florida.
      983 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • $16 SF/Yr
      19,597 SF

      Versatile Commercial Space Available

      Adaptable commercial space with prime visibility and functional layout.
      983 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • $14 SF/Yr
      2,500 SF

      Retail Space in Enterprise Plaza

      Retail end unit available for lease in Port Charlotte.
      1109 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • $144,000

      Former Restaurant Space with Drive-Thru

      5400 Sq. Ft. restaurant space with full kitchen.
      1152 Tamiami Trl, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      219,978 SF

      Port Charlotte Office Space Available

      Office space for lease in a prime Port Charlotte location.
      1032 Tamiami Trl, Port Charlotte, FL 33953
      View Details
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    1602 Market Cir
    Port Charlotte, FL 33953-3893
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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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