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Property profile & analytics
FOR SALE
Medical Office Space
21942 Edgewater Dr Port Charlotte, FL 33952
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US18-3057595
For Sale
1 / 12
$3,150,000
21942 Edgewater Dr, Port Charlotte, FL 33952
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
10,510 SF
Lot
1.23 ac (53,753 SF)
Zoning code
MU MIXED USE-RSF
APN
40-22-26-181-003
UPID
US18-3057595
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
-
Dr. Joseph Ravid, MD Pediatrician Physician
-
Gulfview Medical Institute Medical Clinic
-
Amanda King Physician
-
Dr. Ruben Guzman, MD Physician
-
Rae High Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.47M
Owner & transaction history
Postal Gram International INC · 22 yrs held
Postal Gram International INC
since 2003
2 recorded transactions
Zoning & alternative use
MU MIXED USE-RSF · Port Charlotte, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.0M
+107.0%
Restaurant
$3.6M
+86.9%
Auto repair, garage
$3.1M
+64.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,915,000
Current use
INDUSTRIAL (GENERAL)
$3,965,000
Change: +107% · Conversion: Difficult
RESTAURANT
$3,580,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,145,000
Change: +64% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,585,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±10%
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
$235 / 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
$26,340
Tax year 2023
Assessed value
$1,429,360
Assessed 2023
Previous assessed
$1,327,381
+7.7% YoY
Effective rate
1.84%
On assessed value
Land market value
$537,530
Improvement market value
$1,586,124
Total market value
$2,123,654
Applied tax rate
103.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2004
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Rooms
4
Total area
10,510 SF
Lot
1.23 ac (53,753 SF)
Zoning code
MU MIXED USE-RSF
APN
40-22-26-181-003
UPID
US18-3057595
Jurisdiction
CHARLOTTE
Zoning & alternative use
MU MIXED USE-RSF · Port Charlotte, FL
Zoning MU MIXED USE-RSF · permitted uses
MU MIXED USE-RSF · 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
MEDICAL BUILDING Current
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$1.6M
MEDICAL BUILDING Current
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2004
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
4
Lot
1.23 ac
Current owner
From public records · entity-resolved
Postal Gram International INC
Entity
Mailing address
21942 EDGEWATER DR, PORT CHARLOTTE, FL 33952-9723
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2003
—
Postal Gram International INC
Buelow,dale
Grant Deed
$1,500,000 · Southtrust Bank NA
—
—
Craig E Wise
—
Deed Of Trust
related
$183,004 · Wells Fargo Home Mortgage INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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