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    18480 Cochran Blvd Port Charlotte, FL 33948-3379
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    Property profile & analytics

    18480 Cochran Blvd, Port Charlotte, FL 33948-3379

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    • Assisted living facilities
    • 44,093 SF
    • 7.00 lot acres
    Off-Market
    Last Sale May 12, 2022
    $6,835,000
    Property ID
    US18-4803485
    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
    $6,835,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sun Harbor Healthcare / Rehabilitation Center
    • Eric Jones / Physician
    • Tanya Chomyszak / Physician
    • Rosalyn Roberts Gauthier / Physician
    • Renee Cassidy / Physician

    Property Details for 18480 Cochran Blvd

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.00 lot acres
    Zone code
    RMF12 MULTI-FAMILY
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    40-22-07-476-004
    APU
    402207476004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 12, 2022 $6,835,000 Crea Port Charlotte LLC Re Port Charlotte LLC Special Warranty Deed $13.9M · Bankwell Bank
    Sep 25, 2019 — Re Port Charlotte LLC — Deed · related $15k · Orix R/e Cap
    Aug 16, 2018 — Re Port Charlotte LLC — Loan Modification · related $63.6M · Bear Crk Products 2018-5 Lllp
    Aug 21, 2012 — Re Port Charlotte LLC — Deed Of Trust · related $55.9M · General Electric Capital Corp
    Oct 7, 2010 — Re Bayonet Point LLC — Deed Of Trust · related $395M · General Electric Capital Corp
    Apr 13, 2009 — Re Port Charlotte LLC — Deed Of Trust · related $65M · Citicorp USA Corp
    Jun 5, 2002 $5,250,000 Re Port Charlotte INC Port Charlotte Care LLC Grant Deed · related $26M · Lasalle National Bank
    Jun 5, 1997 $600,000 Arbor Health Care Co Piatti Trust Grant Deed —
    — — Re Port Charlotte LLC — Loan Modification · related $15k · Orix R/e Cap
    — — Re Port Charlotte INC — Deed Of Trust · related $2.1M · Port Charlotte Care LLC
    — — Re Port Charlotte LLC — Loan Modification · related $404.8M · Fa-scd Snf Investors I LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,255,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $8,610,000
      WAREHOUSE, STORAGE
      $6,650,000
      OFFICE BUILDING
      $5,765,000
      COMMERCIAL (GENERAL)
      $4,995,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1408
    Latitude
    27.0044
    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
    $117,279
    $0.00
    $0.00
    $6,411,929
    -
    $1,307,228
    $6,219,309
    $7,526,537

    Comparable in this City

    • Value Estimation
      $2,370,000
      72,713 SF

      18400 Cochran Blvd

      HOMES (RETIRED, NURSING)
      18400 Cochran Blvd, Port Charlotte, FL 33948-3343
      View Details
    • Value Estimation by Request
      25,827 SF

      18440 Cochran Blvd

      HOMES (RETIRED, NURSING)
      18440 Cochran Blvd, Port Charlotte, FL 33948-3339
      View Details
    • Value Estimation by Request
      1,306 SF

      18308 Murdock Cir14#106

      MEDICAL BUILDING
      18308 Murdock Cir14#106, Port Charlotte, FL 33948-1025
      View Details
    • Value Estimation by Request
      1,005 SF

      18350 Murdock Cir

      Medical Office Space
      18350 Murdock Cir, Port Charlotte, FL 33948
      View Details
    • Value Estimation
      $2,430,000
      7,351 SF

      1641 Tamiami Trl Ste, Unit 2

      MEDICAL BUILDING
      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
      2040 Tamiami Trl, Port Charlotte, FL 33948-2178
      View Details

    Similar Nearby for Sale

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      Port Charlotte Vacant Land Parcel

      Vacant OMI-zoned parcel suitable for office, medical, or institutional use.
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      View Details
    • $47,490
      0.23 Acres

      Vacant Land in Port Charlotte

      Vacant OMI-zoned parcel suitable for office, medical, or institutional use.
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      Pending

      Port Charlotte Land Ready to Build

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      0.23 Acres

      Port Charlotte Land Opportunity

      Desirable lot in developing El Jobean area.
      2328 Redfern St, Port Charlotte, FL 33948
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      0.23 Acres

      Residential Lot in Port Charlotte

      Residential lot near Myakka River, perfect for building your dream home.
      18421 Lake Worth Blvd, Port Charlotte, FL 33948
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    • $44,900
      0.23 Acres

      Residential Land in Port Charlotte

      Vacant lot ideal for building a dream home or investment.
      4057 Collingswood Blvd, Port Charlotte, FL 33948
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Office Condo in Peaceful Community

      Office condo with community amenities in Port Charlotte's Oaks subdivision.
      19505 Quesada Ave, Port Charlotte, FL 33948
      View Details
    • $26,826

      High-Visibility Commercial Office Space

      Prime office space with high traffic exposure for lease.
      1578 El Jobean Rd, Port Charlotte, FL 33948
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    • $16,000 /Mo
      72,452 SF

      Retail Space on Murdock Circle

      Retail space available for rent at a prominent intersection.
      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
      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
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    Port Charlotte, FL 33948-3379
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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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