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    Property profile & analytics

    22107 Elmira Blvd Port Charlotte, FL 33952-7018

    • Office buildings
    • 3,600 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2022
    $535,000
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2078669
    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.

    Current Use by Public Records

    • Deven Perry | Southwest FL Real Estate | eXp Realty / Real Estate Agency

    Property Details for 22107 Elmira Blvd

    Year built
    1990
    Construction
    CONCRETE BLOCKS
    Lot size
    0.23 lot acres
    Property size
    3,600 SF
    Zone code
    OMI OFFICE, MEDICAL, INST
    Property type
    Office buildings
    APN
    40-22-23-309-003
    APU
    402223309003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $426,000
      Market price range: $338k - $659k
      AI Estimate
      $426,000
      Market price range: $338k - $659k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $470,000
      Current use
      MEDICAL BUILDING
      $655,000
      Change: +39% Conversion: Easy
      WAREHOUSE, STORAGE
      $545,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $390,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.087
    Latitude
    26.9768
    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
    $6,090
    $0.00
    $0.00
    $306,000
    -
    $27,000
    $317,064
    $344,064

    Comparable in this City

    • Value Estimation
      $1,950,000
      16,740 SF

      21229 Olean Blvd

      PROFESSIONAL BUILDING • 16,740 SF
      21229 Olean Blvd, Port Charlotte, FL 33952-6719
      View Details
    • Value Estimation by Request
      2,869 SF

      448 Spg Lk NW Blvd

      OFFICE BUILDING • 2,869 SF
      448 Spg Lk NW Blvd, Port Charlotte, FL 33952-6446
      View Details
    • Value Estimation by Request
      2,096 SF

      2202 Lakeshore Cir

      PROFESSIONAL BUILDING • 2,096 SF
      2202 Lakeshore Cir, Port Charlotte, FL 33952-4125
      View Details
    • Value Estimation
      $1,330,000
      7,499 SF

      3718 Tamiami Trl Ste D

      PROFESSIONAL BUILDING • 7,499 SF
      3718 Tamiami Trl Ste D, Port Charlotte, FL 33952-8309
      View Details
    • Value Estimation by Request
      3,200 SF

      4075 Tamiami Trl

      PROFESSIONAL BUILDING • 3,200 SF
      4075 Tamiami Trl, Port Charlotte, FL 33952-9212
      View Details
    • Value Estimation by Request
      2,321 SF

      22079 Kimble Ave

      PROFESSIONAL BUILDING • 2,321 SF
      22079 Kimble Ave, Port Charlotte, FL 33952-7022
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Port Charlotte Multi-Tenant Building

      Two-story, 7,664 SF building 100% leased on Tamiami Trail.
      3109 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $325,000
      Pending

      Port Charlotte Medical/Office Opportunity

      Medical office with reception, exam rooms, breakroom, and bathrooms.
      2525 Harbor Blvd, Port Charlotte, FL 33952
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    • $650,000

      Port Charlotte Office Building Investment

      High-Yield Office Building in Prime Location
      4069 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $2,995,000
      17,824 SF

      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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    • $159,900
      0.23 Acres

      Waterfront Land in Port Charlotte

      Waterfront property with concrete seawall, convenient to shopping and restaurants.
      834 Ellicott Cir NW, Port Charlotte, FL 33952
      View Details
    • Contact for pricing
      0.23 Acres

      Port Charlotte Land For Sale

      Residential land in Port Charlotte, close to amenities and beaches.
      21271 Quesada Ave, Port Charlotte, FL 33952
      View Details

    Similar Nearby for Lease

    • $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
    • $15 SF/Yr
      14,277 SF

      Prime Retail/Office Suites on US-41

      Multiple suites available in a high-visibility Port Charlotte strip center.
      2886 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $8 SF/Yr
      15,451 SF

      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
      1,200 SF

      Port Charlotte Retail/Office Space

      Retail or office space with great exposure and full access.
      4030 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $20 SF/Yr
      4,193 SF

      High-Traffic Plaza with Drive-Thru

      Flexible retail/office space with drive-thru in a high-traffic location.
      2672-2686 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $20 SF/Yr
      1,000 SF

      Port Charlotte Office Space Available

      Second-floor office space ideal for various professional services.
      3221 Tamiami Trl, Port Charlotte, FL 33952
      View Details
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    22107 Elmira Blvd
    Port Charlotte, FL 33952-7018
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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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