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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2328 Wharton St Port Charlotte, FL 33948

    • Commercial real estate
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0101708
    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

    • Commercial real estate

    Property Details for 2328 Wharton St

    Lot size
    0.46 lot acres
    Property type
    Commercial real estate
    APN
    402113332004

    Description

    This exceptional 0.46-acre residential lot, located at 2328 Wharton Street in Port Charlotte, Florida (APN 402113332004), presents a unique opportunity to build your dream home in a highly desirable area. Zoned RSF 3.5, this double lot is situated southwest of Murdock, near El Jobean Road, in a rapidly growing part of West Port Charlotte. Enjoy convenient proximity to a wealth of amenities, including restaurants, grocery stores, and shopping centers at Port Charlotte Town Center, all within less than two miles. Recreational opportunities abound, with beautiful beaches, world-class fishing, and Gulf-accessible waterways less than a ten-minute drive away. Strategic location offers easy access to major roadways, including US-41 (approximately 2.3 miles), I-75 (approximately 7.9 miles), and is within close proximity to North Port (approximately 6.9 miles), Downtown Punta Gorda (approximately 12 miles), and Punta Gorda Airport (PGD) approximately 14.1 miles away. Priced at $42,500, this lot represents an excellent investment in a thriving Southwest Florida community. Don't miss this chance to build your future in this sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.167439
    Latitude
    26.994198

    Comparable in this City

    • Contact for pricing

      Port Charlotte Commercial Land

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      New Duplex in Growing Area

      New construction duplex with modern features, great for investors.
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      Tenant Occupied Duplex For Sale

      Tenant-occupied duplex with special financing and management incentives.
      2044 Hilton St, Port Charlotte, FL 33948
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    Similar Nearby for Sale

    • Contact for pricing

      Port Charlotte Commercial Land

      10,000 sq ft lot, prime location.
      17418 Reaper Ave, Port Charlotte, FL 33948
      View Details
    • $99,999
      0.46 Acres

      Port Charlotte Double Lot Opportunity

      Double lot in Port Charlotte, zoned for multi-family development.
      17124 Carleen Ave, Port Charlotte, FL 33948
      View Details
    • $450,000

      New Duplex in Growing Area

      New construction duplex with modern features, great for investors.
      17107 Belmont Ave, Port Charlotte, FL 33948
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    • $452,400

      Tenant Occupied Duplex For Sale

      Tenant-occupied duplex with special financing and management incentives.
      2080 Redmond St, Port Charlotte, FL 33948
      View Details
    • $452,400

      Tenant-Occupied Duplex For Sale

      Tenant-occupied duplex with financing options and incentives.
      17131 Thompson Ave, Port Charlotte, FL 33948
      View Details
    • $452,400

      Tenant Occupied Duplex For Sale

      Tenant-occupied duplex with special financing and management incentives.
      2044 Hilton St, Port Charlotte, FL 33948
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      15,000 SF

      Prime Port Charlotte Commercial Land

      15,000 SF lot, ideal location, lease available.
      1844 El Jobean Rd, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Outparcels for sale or lease in growing Punta Gorda area.
      19500 Cochran Blvd, Port Charlotte, FL 33948
      View Details
    • $2.00 SF/Yr

      Prime Port Charlotte Commercial Land

      Five parcels, 38,543 sq ft, ideal location
      1634 El Jobean Rd, Port Charlotte, FL 33948
      View Details
    • Contact for pricing

      Prime Port Charlotte Commercial Land

      .46-acre commercial land lease, ideal location.
      2080 El Jobean Rd, Port Charlotte, FL 33948
      View Details
    • $6 SF/Yr
      20,000 SF

      Prime Land on El Jobean

      20,000 SF land for lease near Port Charlotte's CBD.
      2104 El Jobean Rd, Port Charlotte, FL 33948
      View Details
    • $22 SF/Yr
      1,400 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a busy, established shopping center.
      1808 Tamiami Trl, Port Charlotte, FL 33948
      View Details
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    2328 Wharton St
    Port Charlotte, FL 33948
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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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