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    2400 Kings Hwy Port Charlotte, FL 33980-5714
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    Property profile & analytics

    2400 Kings Hwy, Port Charlotte, FL 33980-5714

    View on Map
    • Turn key restaurants
    • 5,970 SF
    • 2.10 lot acres
    Off-Market
    Property ID
    US18-2926570
    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
    $1,535,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Visani Italian Steakhouse and Comedy Theater / Nightclub / Theater & Performing Art Venue

    Property Details for 2400 Kings Hwy

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.10 lot acres
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Turn key restaurants
    APN
    40-22-13-435-001
    APU
    402213435001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2016 $1,400,000 Visani Entertainment INC Asciutto,mark J & Acela M Warranty Deed $1.4M · Mark J & Acela M Asciutto
    Feb 10, 2005 — Mark Asciutto Asciutto,mark Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,535,000
      Market price range: $1.36M - $2.75M
      AI Estimate
      $1,535,000
      Market price range: $1.36M - $2.75M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,035,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,255,000
      Change: +11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,785,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0584
    Latitude
    26.9922
    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
    $22,069
    $0.00
    $0.00
    $1,057,806
    -
    $914,730
    $827,533
    $1,742,263

    Comparable in this City

    • Value Estimation
      $3,305,000
      10,175 SF

      800 Kings Hwy

      RESTAURANT
      800 Kings Hwy, Port Charlotte, FL 33980-4218
      View Details
    • Value Estimation
      $2,345,000
      10,296 SF

      4560 Tamiami Trl Ste, Unit 3

      RESTAURANT
      4560 Tamiami Trl Ste, Port Charlotte, FL 33980-2954
      View Details
    • Value Estimation
      $660,000
      1,685 SF

      810 Kings Hwy

      RESTAURANT
      810 Kings Hwy, Port Charlotte, FL 33980-4218
      View Details
    • Value Estimation
      $895,000
      2,568 SF

      4635 Tamiami Trl

      DRIVE-THRU RESTAURANT, FAST FOOD
      4635 Tamiami Trl, Port Charlotte, FL 33980-2932
      View Details
    • Value Estimation
      $2,275,000
      3,986 SF

      910 Kings Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      910 Kings Hwy, Port Charlotte, FL 33980-4247
      View Details
    • Value Estimation
      $1,705,000
      3,710 SF

      4695 Tamiami Trl

      DRIVE-THRU RESTAURANT, FAST FOOD
      4695 Tamiami Trl, Port Charlotte, FL 33980-2945
      View Details

    Similar Nearby for Sale

    • $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
    • $799,000
      1,800 SF

      Versatile Punta Gorda Workshop

      7,200 SF building with workshop, office, and hobby shop.
      3400 Rowland Dr, Punta Gorda, FL 33980
      View Details
    • $700,000
      Pending

      Punta Gorda Industrial Warehouse

      7000+ sq ft warehouse with office/retail space for sale.
      4168 Electric Way, Punta Gorda, FL 33980
      View Details
    • Contact for pricing

      Stabilized Retail Center Near Resort

      Shadow-anchored retail center with strong tenants near Sunseeker Resort.
      4265 Tamiami Trl, Port Charlotte, FL 33980
      View Details
    • New
      $2,500,000
      Pending

      PUNTA GORDA Retail Investment Property

      2.86 acre property near Sunseekers Resort with redevelopment potential.
      4549 Tamiami Trl, Punta Gorda, FL 33980
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 740 square feet.
      4535 S Tamiami Trl, Port Charlotte, FL 33980
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space in High-Traffic Area

      Retail space available in a highly trafficked Charlotte County location.
      4300 Kings Hwy, Punta Gorda, FL 33980
      View Details
    • Contact for pricing
      740 SF

      Retail Property with Long-Term Lease

      Retail property for sale with a long-term lease.
      4535 S Tamiami Trl, Port Charlotte, 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
    • Contact for pricing

      Publix-Anchored Neighborhood Retail Center

      Retail space in a well-established, high-traffic shopping center.
      24123 Peachland Blvd, Punta Gorda, FL 33980
      View Details
    • Contact for pricing
      2,956 SF

      Retail Spaces Available Near Publix

      Retail spaces for lease near major tenants and Sunseeker Resort.
      4265 Tamiami Trl, Punta Gorda, FL 33980
      View Details
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    Port Charlotte, FL 33980-5714
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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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