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    23950 Veterans Blvd Port Charlotte, FL 33954-2828
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    Property profile & analytics

    23950 Veterans Blvd, Port Charlotte, FL 33954-2828

    View on Map
    • Warehouses
    • 75,400 SF
    • 5.14 lot acres
    Off-Market
    Last Sale Jun 1, 2021
    $10,000,000
    Property ID
    US18-4523518
    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
    $11,550,000
    Show details
    Cap Rate Potential
    9.4%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Trailer Rental at U-Haul / Car Rental Facility
    • U-Haul Moving & Storage of Port Charlotte / Storage Facility
    • Truck Sales at U-Haul / Car Dealership
    • Truck Rental at U-Haul / Car Rental Facility
    • Moving Supplies at U-Haul / Big Box & Wholesale Store

    Property Details for 23950 Veterans Blvd

    Year built
    2021
    Lot size
    5.14 lot acres
    Zone code
    PD PLANNED DEVELOPMENT
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    40-23-06-326-002
    APU
    402306326002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 1, 2021 $10,000,000 U Haul Co Of Florida Par Storage Port Charlotte LLC Warranty Deed —
    Jun 16, 2020 — Par Storage Port Charlotte LLC — Deed · related $5.5M · Centennial Bank
    Feb 19, 2020 $1,000,000 Par Storage Port Charlotte LLC Charlotte Commons Venture LLC Grant Deed —
    Nov 14, 2016 $4,989,800 Charlotte Commons Venture LLC Redus One LLC Grant Deed —
    May 19, 2008 $7,000,000 Charlotte Commons LLC Moore,james E III Grant Deed $18.1M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,215,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,830,000
      6.5%
      $11,845,000
      7%
      $11,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,616,000
      Market price range: $7.40M - $20.1M
      AI Estimate
      $14,616,000
      Market price range: $7.40M - $20.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $11,965,000
      Current use
      MEDICAL BUILDING
      $14,725,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $9,860,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0512
    Latitude
    27.0221
    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
    $189,663
    $0.00
    $0.00
    $7,238,738
    -
    $1,343,388
    $7,169,552
    $8,512,940

    Comparable in this City

    • Value Estimation
      $8,305,000
      86,640 SF

      18485 Paulson Dr

      MINI-WAREHOUSE, STORAGE
      18485 Paulson Dr, Port Charlotte, FL 33954-1007
      View Details
    • Value Estimation
      $25,040,000
      96,150 SF

      19750 Cochran Blvd

      MINI-WAREHOUSE, STORAGE
      19750 Cochran Blvd, Port Charlotte, FL 33954-2127
      View Details
    • Value Estimation by Request
      7,065 SF

      17960 Paulson Dr

      MINI-WAREHOUSE, STORAGE
      17960 Paulson Dr, Port Charlotte, FL 33954-1039
      View Details
    • Value Estimation by Request
      990 SF

      18380 Paulson Dr, Unit C

      WAREHOUSE, STORAGE
      18380 Paulson Dr, Port Charlotte, FL 33954-1048
      View Details
    • Value Estimation by Request
      770 SF

      18480 Paulson Dr, Unit A-A3

      WAREHOUSE, STORAGE
      18480 Paulson Dr, Port Charlotte, FL 33954-1034
      View Details
    • Value Estimation by Request
      1,150 SF

      19800 Veterans Blvd, Unit A10

      WAREHOUSE, STORAGE
      19800 Veterans Blvd, Port Charlotte, FL 33954-2081
      View Details

    Similar Nearby for Sale

    • $499,990
      Pending

      Prime Commercial Land Opportunity

      High-traffic commercial land suitable for warehouse or flex space development.
      20383 Kenilworth Blvd, Port Charlotte, FL 33954
      View Details
    • $199,000
      1,150 SF

      Port Charlotte Industrial Condo Available

      Functional industrial condo ideal for warehouse, distribution, or service businesses.
      19800 Veterans Blvd, Port Charlotte, FL 33954
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    • $199,000
      1,150 SF

      Port Charlotte Industrial Condo Available

      Functional industrial condo with convenient access to major routes.
      19800 Veterans Blvd, Port Charlotte, FL 33954
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    • $199,000

      Port Charlotte Industrial Condo For Sale

      Industrial condo with overhead door access in growing Port Charlotte.
      19800 Veterans Blvd, Port Charlotte, FL 33954
      View Details
    • Contact for pricing
      1,150 SF

      Port Charlotte Industrial Condo For Sale

      Industrial condo ideal for warehouse, distribution, or service-based businesses.
      19800 Veterans Blvd, Port Charlotte, FL 33954
      View Details
    • $2,700,000
      1.04 Acres

      Fully Occupied Industrial Property

      Industrial property in established corridor with tenant in place.
      18230 Paulson Dr, Port Charlotte, FL 33954
      View Details

    Similar Nearby for Lease

    • $19,200 /Mo

      Air Conditioned Office/Warehouse Space

      Port Charlotte office/warehouse space available for rent.
      18350 Paulson Dr, Port Charlotte, FL 33954
      View Details
    • $210,000

      Air-Conditioned Auto Storage Warehouse

      Fully air-conditioned warehouse with an overhead door and heavy-duty lift, well suited for auto contractors or storage.
      19800 Veterans Blvd, Port Charlotte, FL 33954
      View Details
    • Contact for pricing
      1,250 SF

      Port Charlotte Flex Space Available

      Versatile flex space perfect for small business on a budget.
      18440 Paulson Dr, Port Charlotte, FL 33954
      View Details
    • $200,000

      Flex Warehouse Condo with Overhead Door

      End unit flex warehouse condo with AC and a 10' x 10' overhead door for convenient loading and office use.
      19800 Veterans Blvd, Port Charlotte, FL 33954
      View Details
    • $38,400

      Port Charlotte Industrial Unit For Lease

      2,300 sq ft industrial unit available for lease.
      19800 Veterans Blvd, Port Charlotte, FL 33954
      View Details
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    Port Charlotte, FL 33954-2828
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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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