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

    23970 Suncoast Blvd Port Charlotte, FL 33980-2739

    • Medical offices
    • 5,442 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    $1,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3771890
    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

    • Charlotte Surgery Center / Medical Clinic / Hospital
    • Sovi Joseph / Physician

    Property Details for 23970 Suncoast Blvd

    Year built
    2002
    Construction
    CONCRETE BLOCKS
    Lot size
    1.15 lot acres
    Property size
    5,442 SF
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    40-22-13-434-001
    APU
    402213434001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,799,000
      Market price range: $537k - $1.80M
      AI Estimate
      $1,799,000
      Market price range: $537k - $1.80M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,055,000
      RESTAURANT
      $1,855,000
      AUTO REPAIR, GARAGE
      $1,630,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0582
    Latitude
    26.9934
    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
    $24,492
    $0.00
    $0.00
    $1,356,083
    -
    $499,530
    $1,211,696
    $1,711,226

    Comparable in this City

    • Value Estimation
      $1,115,000
      3,370 SF

      4255 Kings Hwy

      MEDICAL BUILDING • 3,370 SF
      4255 Kings Hwy, Port Charlotte, FL 33980-8415
      View Details
    • Value Estimation
      $2,945,000
      12,957 SF

      22655 Bayshore Rd Ste, Unit 160

      MEDICAL BUILDING • 12,957 SF
      22655 Bayshore Rd Ste, Port Charlotte, FL 33980-2009
      View Details
    • Value Estimation
      $670,000
      2,860 SF

      4235 Kings Hwy, Unit 102

      MEDICAL BUILDING • 2,860 SF
      4235 Kings Hwy, Port Charlotte, FL 33980-8421
      View Details
    • Value Estimation
      $520,000
      2,940 SF

      970 Kings Hwy, Unit 3

      MEDICAL BUILDING • 2,940 SF
      970 Kings Hwy, Port Charlotte, FL 33980-4213
      View Details
    • Value Estimation
      $1,070,000
      3,856 SF

      4535 Tamiami Trl

      MEDICAL BUILDING • 3,856 SF
      4535 Tamiami Trl, Port Charlotte, FL 33980-2930
      View Details
    • Value Estimation
      $2,285,000
      13,820 SF

      23081 Harborview Rd Ste, Unit 101

      MEDICAL BUILDING • 13,820 SF
      23081 Harborview Rd Ste, Port Charlotte, FL 33980-2153
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3.55 Acres

      Punta Gorda Land For Sale

      3.55 acres of land with approved ALF plans.
      22501 Westchester Blvd, Port Charlotte, FL 33980
      View Details
    • New
      $985,000
      2,264 SF

      Punta Gorda Commercial Warehouse Space

      Commercial warehouse with office space in prime Charlotte Harbor location.
      4415 Church St, Port Charlotte, FL 33980
      View Details
    • $650,000
      3,440 SF

      Corner Lot Retail/Office Space

      Retail/office space with parking and frontage road near US41/I-75.
      23263 Harborview Rd, Port Charlotte, FL 33980
      View Details
    • Contact for pricing

      Port Charlotte Commercial Land

      10,018 sq ft lot, build your dream!
      23231 Macdougall Ave, Port Charlotte, FL 33980
      View Details
    • $222,800

      Land For Sale

      Land available for purchase.
      3100 Rowland Dr, Port Charlotte, FL 33980
      View Details
    • Contact for pricing
      0.27 Acres

      Vacant Land in Growing Community

      Vacant lot near shopping, dining, and major roadways.
      3507 Loveland Blvd, Port Charlotte, FL 33980
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      1,512 SF

      Medical Office Space Available

      Medical office space for lease in Port Charlotte, Florida.
      22655 Bayshore Rd, Port Charlotte, 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
    • $14 SF/Yr
      3,585 SF

      Harborview Road Flex Space Investment

      Prime Port Charlotte Flex Space, 3,585 SF
      23263 Harborview Rd, Port Charlotte, 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
    • $15 SF/Yr
      5,000 SF

      Warehouse Space Available For Lease

      5,000 SF warehouse space available for lease January 1, 2026.
      4240 James St, Port Charlotte, FL 33980
      View Details
    • $20 SF/Yr
      1,050 SF

      Remodeled Retail Space on US41

      Recently remodeled retail/flexible space in Charlotte Harbor on high-traffic US41.
      4560 Tamiami Trl, Port Charlotte, FL 33980
      View Details
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    23970 Suncoast Blvd
    Port Charlotte, FL 33980-2739
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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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