Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24420 Airport Rd Punta Gorda, FL 33950-6985

    • Apartment buildings
    • 55,446 SF
    • 12.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0093595
    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 24420 Airport Rd

    Year built
    2016
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    12.96 lot acres
    Property size
    55,446 SF
    Zone code
    PD-NC
    Property type
    Apartment buildings
    APN
    41-23-07-477-007
    APU
    412307477007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.041
    Latitude
    26.918
    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
    $26,599
    $0.00
    $0.00
    $3,061,578
    -
    $2,700,020
    $14,525,514
    $17,225,534

    Comparable in this City

    • Value Estimation by Request
      3,606 SF

      100 Gulf Breeze Ave, Unit 37

      APARTMENT HOUSE (5+ UNITS) • 3,606 SF
      100 Gulf Breeze Ave, Punta Gorda, FL 33950-5630
      View Details
    • Value Estimation
      $1,500,000
      3,216 SF

      1250 Taylor Rd, Unit 4#D

      APARTMENT HOUSE (5+ UNITS) • 3,216 SF
      1250 Taylor Rd, Punta Gorda, FL 33950-6059
      View Details
    • Value Estimation by Request
      5,568 SF

      301 Henry St, Unit CLUBHSE

      APARTMENT HOUSE (5+ UNITS) • 5,568 SF
      301 Henry St, Punta Gorda, FL 33950-5913
      View Details
    • Value Estimation by Request
      3,912 SF

      1200 Slash Pne Circlubhse

      APARTMENT HOUSE (5+ UNITS) • 3,912 SF
      1200 Slash Pne Circlubhse, Punta Gorda, FL 33950-6281
      View Details
    • Value Estimation
      $2,760,000
      11,176 SF

      1903 Mark Ave

      APARTMENT HOUSE (5+ UNITS) • 11,176 SF
      1903 Mark Ave, Punta Gorda, FL 33950-4249
      View Details
    • Value Estimation by Request
      1,907 SF

      10041 Tamiami Trl

      APARTMENT HOUSE (5+ UNITS) • 1,907 SF
      10041 Tamiami Trl, Punta Gorda, FL 33950-4308
      View Details

    Similar Nearby for Sale

    • $285,000

      Punta Gorda Multifamily Property

      Multifamily property for sale in Punta Gorda, Florida.
      53 Rotterdam Dr, Punta Gorda, FL 33950
      View Details
    • $320,000

      Punta Gorda Multifamily Property

      Multifamily property for sale in Punta Gorda, Florida.
      40 Freeman Ave, Punta Gorda, FL 33950
      View Details
    • $185,000

      Punta Gorda Multifamily Opportunity

      Multifamily property for sale in Punta Gorda, Florida.
      33 Amsterdam Ave, Punta Gorda, FL 33950
      View Details
    • $73,000

      Punta Gorda Multifamily Property

      Multifamily property for sale in Punta Gorda, Florida.
      10303 Burnt Store Rd, Punta Gorda, FL 33950
      View Details
    • $150,000

      Punta Gorda Multifamily Property

      Multifamily property for sale in Punta Gorda, Florida.
      9 Holland Dr, Punta Gorda, FL 33950
      View Details
    • $2,750,000
      Pending

      Punta Gorda Multi-Family Development Opportunity

      Approved site plan for 51 units with sailboat access.
      1301 Aqui Esta Dr, Punta Gorda, FL 33950
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Punta Gorda Retail Space For Lease

      Prime Retail Location, Flexible Spaces Available
      0 Nwc Of Jones Loop, Punta Gorda, FL 33950
      View Details
    • $25,680

      Downtown Punta Gorda Office Space

      Prime location with versatile offices and reception area.
      403 Sullivan St, Punta Gorda, FL 33950
      View Details
    • $15 SF/Yr
      800 SF

      Punta Gorda Flex/Industrial Space

      Flex/industrial space available for lease in Punta Gorda, FL.
      6489 Florida St, Punta Gorda, FL 33950
      View Details
    • $16 SF/Yr
      15,028 SF

      Centrally Located Warehouse For Rent

      Warehouse with office space, storage yard, and multiple access.
      250 Carmalita St, Punta Gorda, FL 33950
      View Details
    • $816,959

      Punta Gorda Isles Retail/Office Units

      Retail and office units in Punta Gorda Isles available.
      1125 Bal Harbor Blvd, Punta Gorda, FL 33950
      View Details
    • $5,400 /Mo

      Punta Gorda Corporate Suites

      Customizable office suites available in downtown Punta Gorda.
      223 Taylor St, Punta Gorda, FL 33950
      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.
    24420 Airport Rd
    Punta Gorda, FL 33950-6985
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.