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    21275 Olean Blvd Port Charlotte, FL 33952-6704
    Property profile & analytics

    21275 Olean Blvd Port Charlotte, FL 33952-6704

    View on Map
    • Medical Office Space
    • 17,963 SF
    • 1.80 lot acres
    Off-Market
    Last Sale Jun 2, 2022
    $8,280,000
    Property ID
    US19-0462074
    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
    $6,190,000
    Show details
    Cap Rate Potential
    3.9%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • TRAVIS TZYH WEI POH / Physician
    • Eric R. Schaible, MD / Ophthalmologist
    • Debra McCracken, O.D. / Physician
    • St. Lucy’s Eye Surgery Center / Medical Clinic / Hospital
    • Boris Ovodenko, MD / Ophthalmologist

    Property Details for 21275 Olean Blvd

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.80 lot acres
    Property size
    17,963 SF
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    40-22-22-201-001
    APU
    402222201001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,370,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,185,000
      6.5%
      $3,865,000
      7%
      $3,590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,170,000
      Market price range: $1.59M - $5.17M
      AI Estimate
      $5,170,000
      Market price range: $1.59M - $5.17M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $6,780,000
      RESTAURANT
      $6,120,000
      AUTO REPAIR, GARAGE
      $5,375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0985
    Latitude
    26.9872
    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
    $55,024
    $0.00
    $0.00
    $3,053,710
    -
    $938,512
    $2,188,190
    $3,126,702

    Comparable in this City

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      $1,405,000
      6,224 SF

      3420 Tamiami Trl5-3

      MEDICAL BUILDING • 6,224 SF
      3420 Tamiami Trl5-3, Port Charlotte, FL 33952-8126
      View Details
    • Value Estimation by Request
      700 SF

      2525 Hbr Blvd Ste, Unit 305

      MEDICAL BUILDING • 700 SF
      2525 Hbr Blvd Ste, Port Charlotte, FL 33952-5344
      View Details
    • Value Estimation by Request
      342 SF

      2525 Hbr Blvd Ste 103b

      MEDICAL BUILDING • 342 SF
      2525 Hbr Blvd Ste 103b, Port Charlotte, FL 33952-5338
      View Details
    • Value Estimation
      $1,780,000
      8,339 SF

      3161 Hbr Blvd Ste D

      MEDICAL BUILDING • 8,339 SF
      3161 Hbr Blvd Ste D, Port Charlotte, FL 33952-6754
      View Details
    • Value Estimation
      $1,935,000
      10,000 SF

      4161 Tamiami Trl4-401

      MEDICAL BUILDING • 10,000 SF
      4161 Tamiami Trl4-401, Port Charlotte, FL 33952-9204
      View Details
    • Value Estimation by Request
      1,938 SF

      3410 Tamiami Trl4a-4a

      MEDICAL BUILDING • 1,938 SF
      3410 Tamiami Trl4a-4a, Port Charlotte, FL 33952-8112
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turnkey Medical/Office/Spa Space Available

      Remodeled space with flexible layout, ideal for medical or office.
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      High-Visibility Property on Tamiami Trail

      Strategically located property ideal for retail, medical, or professional use.
      3195 Tamiami Trl, Port Charlotte, FL 33952
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    • $476,000
      Pending

      Port Charlotte Office Building Investment

      Two-unit office building with waterfront access and income potential.
      3841 Tamiami Trl, Port Charlotte, FL 33952
      View Details

    Similar Nearby for Lease

    • $5,200 /Mo
      3,408 SF

      Professional Space Ideal for Healthcare

      Sub-lease opportunity for healthcare, wellness, or medical practices.
      2484 Caring Way, Port Charlotte, FL 33952
      View Details
    • $17,400 /Mo

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      Move-in ready suite suitable for office, retail, or wellness uses.
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      View Details
    • $22 SF/Yr
      2,496 SF

      Healthcare Property on US-41 Frontage

      Healthcare property available for rent with frontage on US-41.
      2625 South Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $15 SF/Yr
      1,706 SF

      Professional Garden Condo Office Suite

      Well-located office suite ideal for medical or professional use.
      3443 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $8 SF/Yr

      Medical/Retail Space on Tamiami Trail

      Medical and retail spaces available in Port Charlotte, Florida.
      3524 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $18 SF/Yr
      23,692 SF

      Medical Office Space Available

      Move-in ready medical office in Parkside Medical District.
      2496 Caring Way, Port Charlotte, FL 33952
      View Details
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    Port Charlotte, FL 33952-6704
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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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