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

    23950 Veterans Blvd Port Charlotte, FL 33954-2828

    • Warehouses
    • 75,400 SF
    • 5.14 lot acres
    OFF-MARKET
    Last Sale
    Jun 01, 2021
    $10,000,000
    Value Estimations
    $11,550,000
    Show details
    Cap Rate Potential
    9.4%
    Warehouses
    Location Intelligence
    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.

    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
    Property size
    75,400 SF
    Zone code
    PD PLANNED DEVELOPMENT
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    40-23-06-326-002
    APU
    402306326002

    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 valuation — 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 • 86,640 SF
      18485 Paulson Dr, Port Charlotte, FL 33954-1007
      View Details
    • Value Estimation
      $25,040,000
      96,150 SF

      19750 Cochran Blvd

      MINI-WAREHOUSE, STORAGE • 96,150 SF
      19750 Cochran Blvd, Port Charlotte, FL 33954-2127
      View Details
    • Value Estimation by Request
      7,065 SF

      17960 Paulson Dr

      MINI-WAREHOUSE, STORAGE • 7,065 SF
      17960 Paulson Dr, Port Charlotte, FL 33954-1039
      View Details
    • Value Estimation by Request
      990 SF

      18380 Paulson Dr, Unit C

      WAREHOUSE, STORAGE • 990 SF
      18380 Paulson Dr, Port Charlotte, FL 33954-1048
      View Details
    • Value Estimation by Request
      1,500 SF

      18480 Paulson Dr, Unit B-B7

      WAREHOUSE, STORAGE • 1,500 SF
      18480 Paulson Dr, Port Charlotte, FL 33954-1034
      View Details
    • Value Estimation by Request
      770 SF

      18480 Paulson Dr, Unit A-A3

      WAREHOUSE, STORAGE • 770 SF
      18480 Paulson Dr, Port Charlotte, FL 33954-1034
      View Details

    Similar Nearby for Sale

    • $368,000

      Port Charlotte Commercial Warehouse Space

      2,300 sq ft industrial space with flexible IG zoning.
      19800 Veterans Blvd, Port Charlotte, FL 33954
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Port Charlotte

      Residential lot in a rapidly developing area, no flood zone.
      16442 Sprague Ave, Port Charlotte, FL 33954
      View Details
    • Contact for pricing
      0.23 Acres

      Corner Lot in Port Charlotte

      Residential lot in growing Port Charlotte, ideal for building.
      19225 Sherbrooke Ave, Port Charlotte, FL 33954
      View Details
    • Contact for pricing
      0.23 Acres

      Port Charlotte Land Opportunity

      Residential land in an up-and-coming Port Charlotte neighborhood.
      13165 Gotham Ave, Port Charlotte, FL 33954
      View Details
    • $44,500

      Port Charlotte Land For Sale

      Land available in Port Charlotte, Florida.
      160 Cayuga St, Port Charlotte, FL 33954
      View Details
    • $32,000

      Port Charlotte Land For Sale

      Land available in Port Charlotte, Florida.
      111 Bamboo Dr, Port Charlotte, FL 33954
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,100 SF

      Port Charlotte Warehouse For Lease

      1,100 SF Warehouse, Great Location
      18200 Paulson Dr, Port Charlotte, FL 33954
      View Details
    • $16,500 /Mo

      Port Charlotte Warehouse with Office

      1,100 SF warehouse with office and restroom for lease.
      18210 Paulson Dr, Port Charlotte, FL 33954
      View Details
    • $18 SF/Yr
      12,550 SF

      Port Charlotte Flex Space Available

      12,550 SF Flex Space, Multiple Tenants
      17218 Toledo Blade Blvd, Port Charlotte, FL 33954
      View Details
    • $24 SF/Yr
      1,500 SF

      Port Charlotte Retail Center Investment

      High-traffic retail space in prime location.
      18700 Veterans Blvd, Port Charlotte, FL 33954
      View Details
    • Contact for pricing
      3,932 SF

      Retail Space in Port Charlotte

      Retail space available in a high-traffic Port Charlotte location.
      23951 Peachland Blvd, Port Charlotte, FL 33954
      View Details
    • Contact for pricing
      3,932 SF

      Retail Space in Peachland Promenade

      Retail space available in a Publix-anchored shopping center.
      24123 Peachland 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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