Entity Owned 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
Current use
Occupant on record · Public records
-
Bank Loan Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.44M
Owner & transaction history
since 2023
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
CG COMMERCIAL-GENERAL · Port Charlotte, FL
Top alternative use upside
Medical building
$2.4M
+39.4%
Warehouse, storage
$2.0M
+15.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.44M
Value range
$1.30M – $1.58M
±10% around blend
Estimated value / SF
$107 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$1.30M
blend $1.44M
$1.58M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,408 SF
Lot area
2.28 ac
Year built
1971
Stories
1
APN
40-22-22-133-001
Zoning
CG COMMERCIAL-GENERAL
Assessed value
$1,341,103
Annual tax
$27,803
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.87M
Range $1.26M – $2.46M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.44M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 37 sales
$131
-18%
County 86 sales
$182
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $107/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+39%
vs current-use indication
Warehouse, Storage
Office Building · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.94M
Move the market yield to see immediate price impact.
Value / SF
$145
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$122k
$2.45M
$1.75M
$1.36M
$136k
$2.72M
$1.94M
$1.51M
$150k
$2.99M
$2.14M
$1.66M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, FLZoning CG COMMERCIAL-GENERAL · permitted uses
CG COMMERCIAL-GENERAL · Port Charlotte, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CG COMMERCIAL-GENERAL
Jurisdiction
Port Charlotte, FL
Recorded code
CG COMMERCIAL-GENERAL
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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