Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23450 Charleston Circlubhse Port Charlotte, FL 33980-5509

    • Apartment buildings
    • 3,482 SF
    • 25.95 lot acres
    OFF-MARKET
    Last Sale
    May 27, 2022
    $12,830,000
    Value Estimations
    $11,840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6005936
    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

    • Apartment buildings

    Property Details for 23450 Charleston Circlubhse

    Year built
    2007
    Lot size
    25.95 lot acres
    Property size
    3,482 SF
    Zone code
    PD PLANNED DEVELOPMENT
    Property type
    Apartment buildings
    APN
    40-22-25-278-002
    APU
    402225278002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,865,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0592
    Latitude
    26.9679
    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
    $35,833
    $0.00
    $0.00
    $10,665,220
    -
    $1,600,000
    $16,327,992
    $17,927,992

    Comparable in this City

    • Value Estimation by Request
      10,480 SF

      4460 Oakley St

      APARTMENT HOUSE (5+ UNITS) • 10,480 SF
      4460 Oakley St, Port Charlotte, FL 33980-3255
      View Details
    • Value Estimation by Request
      2,366 SF

      23385 Farnam St, Unit C#9

      APARTMENT HOUSE (5+ UNITS) • 2,366 SF
      23385 Farnam St, Port Charlotte, FL 33980-3000
      View Details
    • Value Estimation
      $1,410,000
      2,680 SF

      1250 Loveland Blvd, Unit CLUBHSE

      APARTMENT HOUSE (5+ UNITS) • 2,680 SF
      1250 Loveland Blvd, Port Charlotte, FL 33980-3128
      View Details
    • Value Estimation
      $1,030,000
      3,402 SF

      4387 Sibley Bay St

      APARTMENT HOUSE (5+ UNITS) • 3,402 SF
      4387 Sibley Bay St, Port Charlotte, FL 33980-2829
      View Details
    • Value Estimation by Request
      36,888 SF

      4200 Lister St, Unit 215

      APARTMENT HOUSE (5+ UNITS) • 36,888 SF
      4200 Lister St, Port Charlotte, FL 33980-2079
      View Details
    • Value Estimation by Request
      920 SF

      102 Mary Lu Mhp

      MOBILE HOME PARK, TRAILER PARK • 920 SF
      102 Mary Lu Mhp, Port Charlotte, FL 33980
      View Details

    Similar Nearby for Sale

    • $135,000

      Punta Gorda Multifamily Opportunity

      Multifamily property for sale in Punta Gorda, Florida.
      1000 Kings Hwy, Punta Gorda, FL 33980
      View Details
    • New
      $130,000
      Pending

      PUNTA GORDA Duplex Opportunity

      Duplex in PUNTA GORDA, FL, with potential for single-family conversion.
      4377 Guard St, Punta Gorda, FL 33980
      View Details
    • $350,000
      2,266 SF

      Punta Gorda Quadruplex For Sale

      Quadruplex in good rental area, close to US41 and I-75.
      4362 Pinnacle St, Port Charlotte, FL 33980
      View Details
    • New
      $150,000
      Pending

      Punta Gorda Duplex Investment Opportunity

      Duplex in Punta Gorda needing work, investor opportunity.
      4385 Guard St, Punta Gorda, FL 33980
      View Details
    • $2,500,000
      10,990 SF

      PUNTA GORDA Retail Investment Property

      2.86 acre property near Sunseekers Resort with redevelopment potential.
      4549 Tamiami Trl, Punta Gorda, FL 33980
      View Details
    • $398,000
      2,332 SF

      Punta Gorda Triplex Investment Opportunity

      Triplex near Charlotte Harbor, ideal for rental income.
      23087 Central Ave, Punta Gorda, FL 33980
      View Details

    Similar Nearby for Lease

    • $1,375 /Mo

      Renovated 2-Bedroom Unit For Rent

      Renovated 2-bedroom, 1-bathroom unit with included utilities in Punta Gorda.
      4504 Oakley St, Port Charlotte, FL 33980
      View Details
    • Contact for pricing
      55,160 SF

      Bayshore Village Retail Center

      Port Charlotte Retail Space Available
      4265 Tamiami Trl, Port Charlotte, FL 33980
      View Details
    • $23 SF/Yr
      98,467 SF

      Peachland Promenade Retail Center

      Port Charlotte Publix-anchored center; spaces available
      24123 Peachland Blvd, Punta Gorda, FL 33980
      View Details
    • $22 SF/Yr
      1,930 SF

      PUNTA GORDA Office Space Available

      Move-in ready office suite in a rapidly expanding area.
      970 Kings Hwy, Punta Gorda, FL 33980
      View Details
    • $16 SF/Yr
      6,996 SF

      Versatile Mixed-Use Space For Rent

      Adaptable commercial space in a prime location, suitable for various businesses.
      4694 Tamiami Trl, Punta Gorda, FL 33980
      View Details
    • $317,500

      Under Construction Warehouse Space Available

      Warehouse/storage space with office available for lease.
      4303 Pinnacle St, Port Charlotte, FL 33980
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23450 Charleston Circlubhse
    Port Charlotte, FL 33980-5509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!