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

    1634 El Jobean Rd Port Charlotte, FL 33948

    • Commercial land
    • 0.20 lot acres
    For Lease
    View listing
    $2.00 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5406299
    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

    • Commercial land

    Property Details for 1634 El Jobean Rd

    Lot size
    0.20 lot acres
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Commercial land
    APN
    40-21-12-379-017
    APU
    402112379017

    Description

    This exceptional commercial land offering comprises five contiguous parcels totaling 38,543 square feet (.89 acres) in Port Charlotte, Florida. Strategically located on El Jobean Road at Como Street, this assemblage benefits from high visibility and easy access. The property is zoned CG and boasts 270 feet of frontage, presenting significant development potential. Its prime location offers convenient access to the central business district of Port Charlotte, placing it within minutes of key amenities and services. Furthermore, its proximity to Englewood and North Port enhances its appeal to a wide range of businesses. The site's advantageous position near beaches, boat launches, Charlotte Sports Park, and the Charlotte County Fairgrounds opens doors to diverse commercial ventures. This assemblage is offered as a ground lease at a rate of $2 per square foot, subject to a 10% rent increase every five years. The property's APN numbers are 402112379017, 402112379016, 402112379015, 402112379014, and 402112379013, located in Charlotte County, Florida, zip code 33948. This presents a unique opportunity for businesses seeking a high-traffic location with excellent visibility and diverse development possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1651
    Latitude
    27.0059
    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
    $1,190
    $0.00
    $0.00
    $39,015
    -
    $64,103
    $0.00
    $64,103

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      1937 Cedarwood St

      VACANT COMMERCIAL LAND • 0.27 Acres
      1937 Cedarwood St, Port Charlotte, FL 33948-1311
      View Details
    • Value Estimation by Request
      0.23 Acres

      1995 Como St

      VACANT COMMERCIAL LAND • 0.23 Acres
      1995 Como St, Port Charlotte, FL 33948-1234
      View Details
    • Value Estimation by Request
      0.23 Acres

      1972 Dorion St

      VACANT COMMERCIAL LAND • 0.23 Acres
      1972 Dorion St, Port Charlotte, FL 33948-1250
      View Details
    • Value Estimation by Request
      0.17 Acres

      1344 El Jobean Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      1344 El Jobean Rd, Port Charlotte, FL 33948-1035
      View Details
    • Value Estimation by Request
      0.17 Acres

      1640 El Jobean Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      1640 El Jobean Rd, Port Charlotte, FL 33948-1249
      View Details
    • Value Estimation by Request
      0.17 Acres

      1850 El Jobean Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      1850 El Jobean Rd, Port Charlotte, FL 33948-1260
      View Details

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    Similar Nearby for Lease

    • $6 SF/Yr
      20,000 SF

      Prime Land on El Jobean

      20,000 SF land for lease near Port Charlotte's CBD.
      2104 El Jobean Rd, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Outparcels for sale or lease in growing Punta Gorda area.
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      View Details
    • $5 SF/Yr
      15,000 SF

      Prime Port Charlotte Commercial Land

      15,000 SF lot, ideal location, lease available.
      1844 El Jobean Rd, Port Charlotte, FL 33948
      View Details
    • $2.00 SF/Yr

      Prime Port Charlotte Commercial Land

      Five parcels, 38,543 sq ft, ideal location
      1634 El Jobean Rd, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Prime Port Charlotte Commercial Land

      .46-acre commercial land lease, ideal location.
      2080 El Jobean Rd, Port Charlotte, FL 33948
      View Details
    • $15 SF/Yr
      83,165 SF

      Murdock Plaza Retail Center

      Port Charlotte Retail Space Available
      1700 Tamiami Trl, Port Charlotte, FL 33948
      View Details
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    1634 El Jobean Rd
    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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