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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Office buildings
21175 Olean Blvd Port Charlotte, FL 33952-6706
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3988709
Property summary
AI-generated overview
This single-story, 17,687-square-foot office building, formerly a Bank of America branch, is available for lease in Port Charlotte, Florida. Located at 21175 Olean Blvd, near the intersection of Tamiami Trail and Olean Boulevard, this property sits on a 2.28-acre lot (99,332 sq ft) and offers 13,408 square feet of immediately available space. Built in 1971 and renovated in 1980, the building features 112 parking spaces and is zoned CG. The property is undergoing major renovations, including a new roof and HVAC system. Pre-leasing offers a potential "build-to-suit" option. The grounds will be professionally maintained. This location is ideal for medical or office use and is situated in Port Charlotte's Medical District. The property's APN is 402222133001. This is a fantastic opportunity to secure a well-located, renovated office space in a growing area. The maximum contiguous space available is 13,408 square feet.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1971
Construction
CONCRETE BLOCKS
Total area
13,408 SF
Lot
2.28 ac (99,332 SF)
Zoning code
CG COMMERCIAL-GENERAL
APN
40-22-22-133-001
UPID
US18-3988709
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bank of America (with Drive-thru ATM) Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.91M
Owner & transaction history
Jarrett Properties I Ltd · 2 yrs held
Jarrett Properties I Ltd
since 2023
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
CG COMMERCIAL-GENERAL · Port Charlotte, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+39.4%
Warehouse, storage
$2.0M
+15.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Port Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Charlotte submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,440,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,755,000
Current use
MEDICAL BUILDING
$2,445,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$2,025,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,455,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $1.94M (Dec 22 2023)
Last sale anchor
$1.94M
Dec 22 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,803
Tax year 2023
Assessed value
$1,341,103
Assessed 2023
Previous assessed
$1,276,566
+5.1% YoY
Effective rate
2.07%
On assessed value
Land market value
$1,539,646
Improvement market value
$761,828
Total market value
$2,301,474
Applied tax rate
114.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Rooms
1
Bathrooms
1
Total area
13,408 SF
Lot
2.28 ac (99,332 SF)
Zoning code
CG COMMERCIAL-GENERAL
APN
40-22-22-133-001
UPID
US18-3988709
Jurisdiction
CHARLOTTE
Zoning & alternative use
CG COMMERCIAL-GENERAL · Port Charlotte, FL
Zoning CG COMMERCIAL-GENERAL · permitted uses
CG COMMERCIAL-GENERAL · Port Charlotte, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
1
Bathrooms
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Jarrett Properties I Ltd
Entity
Free & Clear · 2 yrs held
Mailing address
1305 US HWY 27TH N, AVON PARK, FL 33825-2339
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
$1,942,500
Jarrett Properties I Ltd
Ming Zhou
Warranty Deed
—
Jun 15, 2018
$997,500
Ming Zhou
Gpt Gig Boa Portfolio Owner Ll
Grant Deed
—
Dec 12, 2012
—
Gpt Gig Boa Portfolio Owner LLC
First States Investors 5000a LLC
Warranty Deed
—
—
—
Kenneth R Meyer
—
Deed Of Trust
related
$9,980 · Barnett Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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