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    24901 Sandhill Blvd Punta Gorda, FL 33983
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    Property profile & analytics

    24901 Sandhill Blvd, Punta Gorda, FL 33983

    View on Map
    • Strip malls
    • 22,306 SF
    • 1.97 lot acres
    For Lease
    $18,240/Mo
    View Listing →
    Deep Creek Plaza Retail Space For Lease
    $18,240/Mo
    1,140 SF

    Deep Creek Plaza Retail Space

    Retail space in a community-centric plaza with convenient access.

    24901 SANDHILL Blvd 10, Punta Gorda, FL 33983
    View Listing
    Property ID
    US18-3906816
    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
    $2,980,000
    Cap Rate Potential
    9.5%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Florida Dance Workshop / Theater & Performing Art Venue / Training Center
    • New Hope Pet Hospital / Veterinary Clinic
    • Deep Creek Discount Conv Store / Grocery & Convenience Store
    • DEEP CREEK COMMONS / Shopping Center & Mall
    • Dr. Gregory Hengel / Alternative Medicine Practice

    Property Details for 24901 Sandhill Blvd

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.97 lot acres
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    40-23-07-226-003
    APU
    402307226003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,150,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,830,000
      OFFICE BUILDING
      $4,485,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0425
    Latitude
    27.0169
    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
    $38,165
    $0.00
    $0.00
    $1,855,733
    -
    $321,799
    $1,767,313
    $2,089,112

    Comparable in this City

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      1532 Rio De Janeiro Ave, Unit 1

      SHOPPING CENTER, STRIP CENTER
      1532 Rio De Janeiro Ave, Punta Gorda, FL 33983-6214
      View Details
    • Value Estimation
      $980,000
      5,000 SF

      1531 Rio De Janeiro Ave, Unit 1

      SHOPPING CENTER, STRIP CENTER
      1531 Rio De Janeiro Ave, Punta Gorda, FL 33983-7246
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    • Value Estimation by Request
      28,000 SF

      25495 Rampart Blvd

      Lifestyle centers
      25495 Rampart Blvd, Punta Gorda, FL 33983
      View Details
    • Value Estimation by Request
      5.60 Acres

      24600 Sandhill Blvd

      SHOPPING CENTER COMMON AREA
      24600 Sandhill Blvd, Punta Gorda, FL 33983-5227
      View Details
    • Value Estimation
      $1,850,000
      4,013 SF

      385 Kings Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      385 Kings Hwy, Punta Gorda, FL 33983-5222
      View Details
    • Value Estimation
      $1,085,000
      2,354 SF

      395 Kings Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      395 Kings Hwy, Punta Gorda, FL 33983-5222
      View Details

    Similar Nearby for Sale

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      4.00 Acres

      Retail Development Opportunity, Punta Gorda

      New construction retail development with leasing and outparcel opportunities.
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      View Details
    • Contact for pricing
      27,000 SF

      New Retail Plaza For Sale

      Shovel-ready retail plaza with flexible unit sizes and drive-through options.
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      View Details
    • Contact for pricing
      0.27 Acres

      Punta Gorda Land Parcel

      0.27 acre land parcel in Punta Gorda, Florida.
      1591 Veranda Ter, Punta Gorda, FL 33983
      View Details
    • $52,000
      0.34 Acres

      Residential Lot in Waterfront Community

      Oversized lot in Harbour Heights, ready for your dream home.
      2454 Magellan Lot 03 Ter, Punta Gorda, FL 33983
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    • Contact for pricing
      0.24 Acres

      Waterfront Land with Gulf Access

      Waterfront property with direct Gulf access in Punta Gorda.
      2285 Delan Dr, Punta Gorda, FL 33983
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    • $44,800
      0.25 Acres

      Buildable Lot in Deep Creek

      Buildable lot in deed restricted Deep Creek community.
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    Similar Nearby for Lease

    • $18,240 /Mo

      Deep Creek Plaza Retail Space

      Retail space in a community-centric plaza with convenient access.
      24901 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • $16 SF/Yr
      1,140 SF

      PUNTA GORDA Retail Space

      Retail space in popular Deep Creek Commons Plaza.
      24901 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    • $19,000 /Mo
      1,000 SF

      Punta Gorda Office Space

      Office space for rent in Sandhill Garden Park Commerce.
      24690 Sandhill Blvd, Punta Gorda, FL 33983
      View Details
    View Listing
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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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    24901 Sandhill Blvd, Punta Gorda, FL, 33983
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