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

    24420 Sandhill Blvd Punta Gorda, FL 33983

    • Office buildings
    • 6,704 SF
    • 3.72 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5501275
    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

    • Valdivia Sergio E / Physician
    • Deep Creek Eye Care / Physician
    • Gulf Ports Studio by Century Complete / Construction Company / General Contractor
    • Ultimate Restoration Punta Gorda / Hardware & Home Improvement / Construction Company
    • Apple Roofing / Roofing Company / General Contractor

    Property Details for 24420 Sandhill Blvd

    Year built
    2005
    Lot size
    3.72 lot acres
    Property size
    6,704 SF
    Zone code
    PD PLANNED DEVELOPMENT
    Property type
    Office buildings
    APN
    40-23-06-428-003
    APU
    402306428003

    Description

    Sandhill Commons offers exceptional creative office space for lease in Punta Gorda, Florida. This three-building complex, located at 24420 Sandhill Blvd (cross street: Kings Hwy), features a total of 5,692 square feet of space, with individual suites ranging from 999 to 5,248 square feet. The property is zoned PD and boasts a Class B designation. Built in 2005, the single-story buildings provide a modern and functional workspace. The property's convenient location offers easy access to Interstate 75, making it an ideal location for businesses seeking both accessibility and a thriving commercial environment. Multiple tenancy options are available, catering to a variety of business needs and sizes. The property's APN is 402306428003. This is a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space in a vibrant Punta Gorda community. All information is believed to be reliable but should be verified for accuracy. Subject to errors and omissions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,843,000
      Market price range: $929k - $1.84M
      AI Estimate
      $1,843,000
      Market price range: $929k - $1.84M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,350,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,610,000
      Change: +93% Conversion: Difficult
      RESTAURANT
      $2,285,000
      Change: +69% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,890,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,785,000
      Change: +33% Conversion: Easy
      MEDICAL BUILDING
      $1,600,000
      Change: +19% Conversion: Easy
      RETAIL STORES
      $1,555,000
      Change: +15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0433
    Latitude
    27.0226
    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
    $51,216
    $0.00
    $0.00
    $2,479,914
    -
    $1,749,549
    $3,298,102
    $5,047,651

    Comparable in this City

    • Value Estimation
      $615,000
      4,089 SF

      2509 Rio De Janeiro Ave

      PROFESSIONAL BUILDING • 4,089 SF
      2509 Rio De Janeiro Ave, Punta Gorda, FL 33983-8617
      View Details
    • Value Estimation by Request
      1,635 SF

      3083 Sulstone Dr

      OFFICE BUILDING • 1,635 SF
      3083 Sulstone Dr, Punta Gorda, FL 33983-3166
      View Details
    • Value Estimation
      $1,510,000
      8,000 SF

      24451 Sandhill Blvd, Unit B

      PROFESSIONAL BUILDING • 8,000 SF
      24451 Sandhill Blvd, Punta Gorda, FL 33983-5214
      View Details
    • Value Estimation
      $605,000
      3,924 SF

      25250 Sandhill Blvd

      PROFESSIONAL BUILDING • 3,924 SF
      25250 Sandhill Blvd, Punta Gorda, FL 33983-6173
      View Details
    • Value Estimation by Request
      2,366 SF

      26217 Rampart Blvd

      PROFESSIONAL BUILDING • 2,366 SF
      26217 Rampart Blvd, Punta Gorda, FL 33983-6305
      View Details
    • Value Estimation by Request
      1,056 SF

      27074 Sunnybrook Rd

      PROFESSIONAL BUILDING • 1,056 SF
      27074 Sunnybrook Rd, Punta Gorda, FL 33983-3320
      View Details

    Similar Nearby for Sale

    • $425,000

      Commercial Building on Large Lot

      480 SF building on 43,062 SF lot near I-75.
      2441 Broadpoint Dr, Punta Gorda, FL 33983
      View Details
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      Punta Gorda Gulf Access Lot

      Spacious lot in Punta Gorda, perfect for building or investment.
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      Punta Gorda Vacant Lot

      Vacant lot in Punta Gorda, build your dream home!
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    • $85,000
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      Waterfront Lot in Deep Creek

      0.22-acre waterfront lot in Punta Gorda's Deep Creek community.
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      Residential Lot in Deed Restricted

      Residential lot in deed restricted community, ideal for dream home.
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    Similar Nearby for Lease

    • $15 SF/Yr
      10,100 SF

      Punta Gorda Office Space

      Modern office space with ample parking and highway access.
      1531 Rio De Janeiro Ave, Punta Gorda, FL 33983
      View Details
    • $18 SF/Yr
      2,000 SF

      Punta Gorda Office/Retail Space

      Office or retail space available for rent in Punta Gorda.
      1531-1533 Rio De Janeiro Ave, Punta Gorda, FL 33983
      View Details
    • $1,475 /Mo
      1,000 SF

      Furnished Office in Punta Gorda

      Furnished 1000 SF office space available for rent now.
      24630 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • $180 SF/Yr
      5,692 SF

      Sandhill Commons Creative Office Space

      Punta Gorda, FL Office Suites Available
      24420 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • $18 SF/Yr
      1,000 SF

      Flex Space For Rent

      1,000 SF flex space available for lease.
      24610 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • $19 SF/Yr
      1,000 SF

      PUNTA GORDA Flex Space

      Flex space with office and garage in Sandhill Garden Park.
      24690 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
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    Punta Gorda, FL 33983
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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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