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

    1617 Tamiami Trl Port Charlotte, FL 33948-1040

    • Medical offices
    • 7,565 SF
    • 1.51 lot acres
    OFF-MARKET
    Last Sale
    Apr 04, 2025
    $2,900,000
    Value Estimations
    $2,525,000
    Show details
    Cap Rate Potential
    4.2%
    Medical offices
    Location Intelligence
    Property ID
    US18-3178369
    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

    • Sommer Richardson, Aesthetician / Physician / Medical Clinic
    • Jennifer L. Patterson, ARNP / Physician
    • Samantha Bono / Physician
    • ATM / Atm
    • Devonne Collins-Ligon, ARNP, MSN / Physician

    Property Details for 1617 Tamiami Trl

    Year built
    1986
    Construction
    CONCRETE BLOCKS
    Lot size
    1.51 lot acres
    Property size
    7,565 SF
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    40-22-08-302-001
    APU
    402208302001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,765,000
      6.5%
      $1,625,000
      7%
      $1,510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,166,000
      Market price range: $747k - $2.50M
      AI Estimate
      $2,166,000
      Market price range: $747k - $2.50M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,855,000
      RESTAURANT
      $2,580,000
      AUTO REPAIR, GARAGE
      $2,265,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1389
    Latitude
    27.0089
    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
    $22,258
    $0.00
    $0.00
    $1,221,748
    -
    $1,017,885
    $909,948
    $1,927,833

    Comparable in this City

    • Value Estimation
      $2,430,000
      7,351 SF

      1641 Tamiami Trl Ste, Unit 2

      MEDICAL BUILDING • 7,351 SF
      1641 Tamiami Trl Ste, Port Charlotte, FL 33948-1018
      View Details
    • Value Estimation
      $735,000
      3,750 SF

      2040 Tamiami Trl, Unit 1

      MEDICAL BUILDING • 3,750 SF
      2040 Tamiami Trl, Port Charlotte, FL 33948-2178
      View Details
    • Value Estimation
      $850,000
      3,751 SF

      18000 Toledo Blade Blvd

      MEDICAL BUILDING • 3,751 SF
      18000 Toledo Blade Blvd, Port Charlotte, FL 33948-1980
      View Details
    • Value Estimation by Request
      1,306 SF

      18308 Murdock Cir14#106

      MEDICAL BUILDING • 1,306 SF
      18308 Murdock Cir14#106, Port Charlotte, FL 33948-1025
      View Details
    • Value Estimation by Request
      1,155 SF

      18300 Murdock Cir15-109

      MEDICAL BUILDING • 1,155 SF
      18300 Murdock Cir15-109, Port Charlotte, FL 33948-1117
      View Details
    • Value Estimation by Request
      1,306 SF

      18300 Murdock Cir15-106

      MEDICAL BUILDING • 1,306 SF
      18300 Murdock Cir15-106, Port Charlotte, FL 33948-1117
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Medical Office Space

      Medical office space for lease in Murdock Executive Center.
      18340 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • $484,000
      2,314 SF

      Port Charlotte Office/Medical Building

      Stand-alone building suitable for owner-occupiers or investors.
      795 Crestview Cir NW, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Class A Medical Suite

      Medical suite in Port Charlotte's Murdock Executive Center.
      18328 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Murdock Executive Center Office Space

      Class A office space in a medical office development.
      18332 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Murdock Executive Center Office Space

      Class A office space in a medical office development.
      18336 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • $5,250,000

      Medical/Office Building Fully Leased

      Remodeled medical/office building fully leased with tenants.
      19700 Cochran Blvd, Port Charlotte, FL 33948
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,005 SF

      Murdock Executive Center Suite

      Class A Medical Office Space, Port Charlotte
      18350 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • $18 SF/Yr
      8,712 SF

      Medical Suite in Murdock Center

      Class A medical office space for lease in Port Charlotte.
      18350 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • Contact for pricing
      433,422 SF

      Class A Medical Suite

      Medical suite for lease in Murdock Executive Center.
      18316 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • $20 SF/Yr
      800 SF

      Prime Drive-Thru Opportunity Available

      Drive-thru unit for lease in a high-traffic professional district.
      18501 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • $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
    • $20 SF/Yr
      72,452 SF

      Charlotte County Center Retail Space

      Prime Retail/Office Space, Tamiami Trail
      18501 Murdock Cir, Port Charlotte, FL 33948
      View Details
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    Port Charlotte, FL 33948-1040
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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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