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

    24901 Sandhill Blvd Punta Gorda, FL 33983

    • Strip malls
    • 22,306 SF
    • 1.97 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Jun 13, 2022
    $2,895,000
    Value Estimations
    $3,510,000
    Cap Rate Potential
    9.5%
    Strip malls
    Location Intelligence
    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.

    Current Use by Public Records

    • Florida Dance Workshop / Dance Company / Dance School
    • New Hope Pet Hospital / Animal Hospital / Veterinarian
    • Deep Creek Discount Conv Store / Convenience Store
    • DEEP CREEK COMMONS / Shopping Mall
    • Dr. Gregory Hengel / Chiropractor / Practitioner Service Location

    Property Details for 24901 Sandhill Blvd

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.97 lot acres
    Property size
    22,306 SF
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Strip malls
    Property subtype
    Neighborhood 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

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,970,000
      6.5%
      $4,585,000
      7%
      $4,260,000

    • Alternative Use

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

    Get a detailed, property-specific valuation — 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

    • Value Estimation
      $1,025,000
      5,000 SF

      1531 Rio De Janeiro Ave, Unit 1

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      1531 Rio De Janeiro Ave, Punta Gorda, FL 33983-7246
      View Details
    • Value Estimation by Request
      12,922 SF

      1532 Rio De Janeiro Ave, Unit 1

      SHOPPING CENTER, STRIP CENTER • 12,922 SF
      1532 Rio De Janeiro Ave, Punta Gorda, FL 33983-6214
      View Details
    • Value Estimation by Request
      28,000 SF

      25495 Rampart Blvd

      Lifestyle centers • 28,000 SF
      25495 Rampart Blvd, Punta Gorda, FL 33983
      View Details
    • Value Estimation by Request
      5.60 Acres

      24600 Sandhill Blvd

      SHOPPING CENTER COMMON AREA • 5.60 Acres
      24600 Sandhill Blvd, Punta Gorda, FL 33983-5227
      View Details
    • Value Estimation by Request
      4,000 SF

      2001 Rio De Janeiro Ave

      CONVENIENCE STORE • 4,000 SF
      2001 Rio De Janeiro Ave, Punta Gorda, FL 33983-8622
      View Details
    • Value Estimation by Request
      4,380 SF

      3113 Broadpoint Dr

      CONVENIENCE STORE • 4,380 SF
      3113 Broadpoint Dr, Punta Gorda, FL 33983-3106
      View Details

    Similar Nearby for Sale

    • $1,000,000
      28,000 SF

      Heritage Lake Plaza: Punta Gorda, FL

      Prime Retail Investment: Vacant Shopping Center
      25495 Rampart Blvd, Punta Gorda, FL 33983
      View Details
    • $1,200,000
      4.00 Acres

      Retail Development Opportunity, Punta Gorda

      New construction retail development with leasing and outparcel opportunities.
      25495 Rampart Blvd, Punta Gorda, FL 33983
      View Details
    • $68,500
      0.38 Acres

      Oversized Homesite in Deep Creek

      Cleared homesite in a desirable Punta Gorda neighborhood.
      2117 Newcastle Ln, Punta Gorda, FL 33983
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    • $119,000
      0.28 Acres

      Punta Gorda Gulf Access Lot

      Spacious lot in Punta Gorda, perfect for building or investment.
      27120 San Carlos Dr, Punta Gorda, FL 33983
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    • Contact for pricing
      0.30 Acres

      Punta Gorda Land Opportunity

      Two side-by-side lots near I-75, Peace River, and Charlotte Harbor.
      1543 Coastal Dr, Punta Gorda, FL 33983
      View Details
    • $55,000
      0.46 Acres

      Residential Land in Punta Gorda

      Residential multi-family zoned lot in Punta Gorda, Florida.
      26471 Sandhill Blvd, Punta Gorda, FL 33983
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,140 SF

      PUNTA GORDA Retail Space Available

      Retail space in popular Deep Creek Commons Plaza, Punta Gorda.
      24901 Sandhill Blvd, Punta Gorda, FL 33983
      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 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
    • $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
    • $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
    • $1,650 /Mo

      Spacious Two-Bedroom Home For Rent

      Bright, spacious 2-bedroom, 2-bath home with modern amenities.
      3147 Trevino Ter, 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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