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    1603 Castlerock Ln Port Charlotte, FL 33948
    Property profile & analytics

    1603 Castlerock Ln, Port Charlotte, FL 33948

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    • Office buildings
    • 4,320 SF
    • 0.69 lot acres
    For Sale
    $1,200,000
    View Listing →
    Commercial Building on Castlerock Lane For Sale
    $1,200,000
    4,320 SF

    Commercial Building on Castlerock Lane

    Free-standing commercial building, currently leased as a preschool.

    1603 CASTLEROCK LANE, Port Charlotte, FL 33948
    View Listing
    Property ID
    US18-4060697
    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

    • Our Little World Pre-School / Daycare Center

    Property Details for 1603 Castlerock Ln

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.69 lot acres
    Zone code
    OMI OFFICE, MEDICAL, INST
    Property type
    Office buildings
    APN
    40-21-12-480-005
    APU
    402112480005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 17, 2005 $105,000 Hilton Prop Investments LLC Anderson,james E Warranty Deed $105k · Charlotte State Bank
    Mar 24, 1999 $9,800 J Anderson INC Farr,miriam F & Grayal E Trustees Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $714,000
      Market price range: $405k - $791k
      AI Estimate
      $714,000
      Market price range: $405k - $791k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $565,000
      Current use
      MEDICAL BUILDING
      $845,000
      Change: +49% Conversion: Easy
      WAREHOUSE, STORAGE
      $650,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $490,000
      Change: -13% Conversion: Easy
      RETAIL STORES
      $465,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1579
    Latitude
    27.004
    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
    $562
    $0.00
    $0.00
    $513,219
    -
    $135,000
    $572,133
    $707,133

    Comparable in this City

    • Value Estimation by Request
      1,384 SF

      2081 Tamiami Trl

      PROFESSIONAL BUILDING
      2081 Tamiami Trl, Port Charlotte, FL 33948-2112
      View Details
    • Value Estimation
      $600,000
      5,592 SF

      1435 Collingswood Blvd, Unit G

      PROFESSIONAL BUILDING
      1435 Collingswood Blvd, Port Charlotte, FL 33948-1058
      View Details
    • Value Estimation by Request
      1,950 SF

      1853 Royalview Dr

      PROFESSIONAL BUILDING
      1853 Royalview Dr, Port Charlotte, FL 33948-1210
      View Details
    • Value Estimation
      $1,785,000
      9,747 SF

      17751 Murdock Cir

      PROFESSIONAL BUILDING
      17751 Murdock Cir, Port Charlotte, FL 33948-1034
      View Details
    • Value Estimation by Request
      3,664 SF

      1680 El Jobean Rd Ste, Unit 2

      PROFESSIONAL BUILDING
      1680 El Jobean Rd Ste, Port Charlotte, FL 33948-1204
      View Details
    • Value Estimation by Request
      1,869 SF

      796 Crestview NW Cir

      PROFESSIONAL BUILDING
      796 Crestview NW Cir, Port Charlotte, FL 33948-2118
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,850 SF

      Multi-Tenant Office Building For Sale

      Well-maintained office building with income and value-add potential.
      17801 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • $460,000

      Port Charlotte Commercial Property For Sale

      Commercial property with flexible zoning, ample parking, and high visibility.
      795 Crestview Cir NW, Port Charlotte, FL 33948
      View Details
    • $9,995,000
      49,172 SF

      Distinctive Class B Office Building

      Four-story office building in Murdoch Business Center, Port Charlotte.
      1620 Tamiami Trl, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Free-Standing Commercial Building For Sale

      Commercial building with flexible zoning and high traffic count.
      17880 Toledo Blade Blvd, Port Charlotte, FL 33948
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      49,172 SF

      Class B Office Building

      Four-story office building in the Murdoch Business Center.
      1620 Tamiami Trl, Port Charlotte, FL 33948
      View Details
    • $16,000 /Mo

      Class A Office Building

      Full-service office building with amenities and high visibility.
      18501 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • $885,096

      Distinctive Class B Office Building

      Four-story office building in Murdoch Business Center, Port Charlotte.
      1620 Tamiami Trl, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Class A Office Building

      Full-service office building with drive-thru unit and outparcel.
      18501 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Toledo Blade Commercial Building

      Free-standing commercial building on Toledo Blade Blvd for sale or lease.
      17880 Toledo Blade Blvd, Port Charlotte, FL 33948
      View Details
    View Listing
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    Port Charlotte, FL 33948
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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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    1603 Castlerock Ln, Port Charlotte, FL, 33948
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