Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16374 Esposito Ter Port Charlotte, FL 33948
    Back to Search
    Property profile & analytics

    16374 Esposito Ter, Port Charlotte, FL 33948

    View on Map
    • Warehouses
    • 8,203 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Feb 29, 2024
    Property ID
    US18-4014359
    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
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 16374 Esposito Ter

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Warehouses
    APN
    40-21-14-207-012
    APU
    402114207012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 29, 2024 — Steven Lombardo Steven Lombardo Intrafamily Transfer · related —
    Dec 14, 2023 — Steven Lombardo Steven Lombardo Intrafamily Transfer · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $944,000
      Market price range: $702k - $2.18M
      AI Estimate
      $944,000
      Market price range: $702k - $2.18M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,240,000
      Current use
      OFFICE BUILDING
      $1,075,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1775
    Latitude
    27.0015
    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
    2022
    $9,285
    $0.00
    $0.00
    $463,172
    -
    $154,800
    $284,344
    $439,144

    Comparable in this City

    • Value Estimation
      $6,255,000
      23,520 SF

      19150 Peachland Blvd, Unit B

      MINI-WAREHOUSE, STORAGE
      19150 Peachland Blvd, Port Charlotte, FL 33948-2144
      View Details
    • Value Estimation by Request
      1,075 SF

      19500 Peachland Blvd

      WAREHOUSE, STORAGE
      19500 Peachland Blvd, Port Charlotte, FL 33948-2161
      View Details
    • Value Estimation by Request
      1,800 SF

      2116 Torrence St

      WAREHOUSE, STORAGE
      2116 Torrence St, Port Charlotte, FL 33948-1144
      View Details
    • Value Estimation
      $2,660,000
      10,500 SF

      19440 Peachland Blvd, Unit 106#B

      WAREHOUSE, STORAGE
      19440 Peachland Blvd, Port Charlotte, FL 33948-2124
      View Details
    • Value Estimation
      $945,000
      5,500 SF

      2160 El Jobean Rd, Unit 4

      WAREHOUSE, STORAGE
      2160 El Jobean Rd, Port Charlotte, FL 33948-1118
      View Details
    • Value Estimation by Request
      22,000 SF

      19200 Peachland Blvd, Unit 4

      MINI-WAREHOUSE, STORAGE
      19200 Peachland Blvd, Port Charlotte, FL 33948-2166
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Port Charlotte Land Ready to Build

      Residential lot in upscale boating community, near beaches and amenities.
      17512 Billiar Ave, Port Charlotte, FL 33948
      View Details
    • $40,000
      0.28 Acres

      Port Charlotte Oversized End Lot

      Oversized lot in growing area, potential for commercial development.
      16464 Eunic Ave, Port Charlotte, FL 33948
      View Details
    • Contact for pricing
      0.23 Acres

      Port Charlotte Vacant Single-Family Lot

      Vacant single-family lot in a rapidly developing Port Charlotte area.
      168 Capatola St, Port Charlotte, FL 33948
      View Details
    • Contact for pricing
      0.24 Acres

      Residential Land in Port Charlotte

      Residential land for sale, ideal for building a dream home.
      943 Elba Ave NW, Port Charlotte, FL 33948
      View Details
    • $125,000
      0.23 Acres

      Waterfront Lot Ready For Building

      Gulf access waterfront lot in Port Charlotte, cleared and ready.
      3454 Yukon Dr, Port Charlotte, FL 33948
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Lot in Port Charlotte

      Residential lot in a rapidly developing Port Charlotte neighborhood.
      18103 Grace Ave, Port Charlotte, FL 33948
      View Details

    Similar Nearby for Lease

    • $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
      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

      El Jobean Road Land Parcel

      0.89-acre commercial land for lease near Port Charlotte's CBD.
      1634 El Jobean Rd, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      El Jobean Road Commercial Land

      20,000 SF commercial land for lease in Port Charlotte.
      2080 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.
      19500 Cochran Blvd, Port Charlotte, FL 33948
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16374 Esposito Ter
    Port Charlotte, FL 33948
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16374 Esposito Ter, Port Charlotte, FL, 33948
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!