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    Property profile & analytics

    17124 Carleen Ave Port Charlotte, FL 33948

    • Commercial real estate
    • 0.46 lot acres
    For Sale
    View listing
    $99,999
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0472864
    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 real estate

    Property Details for 17124 Carleen Ave

    Lot size
    0.46 lot acres
    Property type
    Commercial real estate
    APN
    402113107012

    Description

    This exceptional 0.46-acre double lot, located at 17124 Carleen Ave, Port Charlotte, FL 33948 (APN 402113107012), presents a remarkable investment prospect for developers and investors. Zoned RMF10 (Multi-Family 10 Units Per Acre), this property offers significant potential for the construction of multi-family dwellings. The expansive 20,000 square foot lot is ideally situated in a rapidly growing area of Charlotte County, providing convenient access to major roadways. The property's location within Port Charlotte ensures proximity to various amenities and services. This prime development site is priced competitively at $99,999 and represents an outstanding opportunity to capitalize on the increasing demand for multi-family housing in this thriving Florida community. The permitted zoning allows for the construction of up to 10 units per acre, making this a highly attractive proposition for those seeking to maximize their return on investment. Don't miss this chance to acquire a highly desirable development site in a sought-after location. Serious inquiries only.

    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
    -82.1686173
    Latitude
    27.0010167

    Comparable in this City

    • Contact for pricing

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      Port Charlotte Double Lot Opportunity

      Double lot in Port Charlotte, zoned for multi-family development.
      17124 Carleen Ave, Port Charlotte, FL 33948
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      Tenant Occupied Duplex For Sale

      Tenant-occupied duplex with special financing and management incentives.
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    Similar Nearby for Sale

    • Contact for pricing

      Port Charlotte Commercial Land

      10,000 sq ft lot, prime location.
      17418 Reaper Ave, Port Charlotte, FL 33948
      View Details
    • $99,999
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      Port Charlotte Double Lot Opportunity

      Double lot in Port Charlotte, zoned for multi-family development.
      17124 Carleen Ave, Port Charlotte, FL 33948
      View Details
    • $450,000

      New Duplex in Growing Area

      New construction duplex with modern features, great for investors.
      17107 Belmont Ave, Port Charlotte, FL 33948
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      Tenant Occupied Duplex For Sale

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      2080 Redmond St, Port Charlotte, FL 33948
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    • $452,400

      Tenant-Occupied Duplex For Sale

      Tenant-occupied duplex with financing options and incentives.
      17131 Thompson Ave, Port Charlotte, FL 33948
      View Details
    • $452,400

      Tenant Occupied Duplex For Sale

      Tenant-occupied duplex with special financing and management incentives.
      2044 Hilton St, Port Charlotte, FL 33948
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land Available

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      Prime Port Charlotte Commercial Land

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      Five parcels, 38,543 sq ft, ideal location
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      Prime Port Charlotte Commercial Land

      .46-acre commercial land lease, ideal location.
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      Prime Land on El Jobean

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    • $15 SF/Yr
      83,165 SF

      Murdock Plaza Retail Center

      Port Charlotte Retail Space Available
      1700 Tamiami Trl, Port Charlotte, FL 33948
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    17124 Carleen Ave
    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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