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    Property profile & analytics

    321 Retta Esplanade Punta Gorda, FL 33950-3619

    • Turn key restaurants
    • 6,836 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    $1,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2875928
    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

    • Carmelo's Italian Ristorante / Take-out & Catering / Catering Service

    Property Details for 321 Retta Esplanade

    Year built
    1924
    Construction
    WOOD
    Lot size
    0.55 lot acres
    Property size
    6,836 SF
    Zone code
    CC
    Property type
    Turn key restaurants
    APN
    41-23-06-353-001
    APU
    412306353001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,607,000
      Market price range: $1.56M - $3.15M
      AI Estimate
      $1,607,000
      Market price range: $1.56M - $3.15M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,330,000
      Current use
      COMMERCIAL (GENERAL)
      $2,110,000
      Change: -9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,925,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0538
    Latitude
    26.9346
    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
    $20,159
    $0.00
    $0.00
    $1,107,325
    -
    $602,925
    $973,657
    $1,576,582

    Comparable in this City

    • Value Estimation
      $1,305,000
      5,740 SF

      502 King St, Unit 113

      RESTAURANT • 5,740 SF
      502 King St, Punta Gorda, FL 33950-4952
      View Details
    • Value Estimation
      $2,965,000
      5,848 SF

      2109 Tamiami Trl

      RESTAURANT • 5,848 SF
      2109 Tamiami Trl, Punta Gorda, FL 33950-5921
      View Details
    • Value Estimation
      $615,000
      2,710 SF

      520 King St

      RESTAURANT • 2,710 SF
      520 King St, Punta Gorda, FL 33950-4952
      View Details
    • Value Estimation
      $600,000
      1,650 SF

      9092 Mac Dr

      RESTAURANT • 1,650 SF
      9092 Mac Dr, Punta Gorda, FL 33950-4309
      View Details
    • Value Estimation
      $745,000
      2,160 SF

      317 Tamiami Trl

      RESTAURANT • 2,160 SF
      317 Tamiami Trl, Punta Gorda, FL 33950-4838
      View Details
    • Value Estimation
      $640,000
      1,831 SF

      320 Sullivan St

      RESTAURANT • 1,831 SF
      320 Sullivan St, Punta Gorda, FL 33950-4826
      View Details

    Similar Nearby for Sale

    • $799,900
      1,831 SF

      Turnkey Restaurant in Punta Gorda

      Freestanding restaurant with parking in downtown Punta Gorda, Florida.
      320 Sullivan St, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      85,549 SF

      Waterfront Retail and Dining Destination

      Prime waterfront location with shopping, dining, and entertainment venues.
      1200 W Retta Esplanade, Punta Gorda, FL 33950
      View Details
    • $4,000,000
      5,813 SF

      Dean’s South of the Border Iconic Restaurant and Bar

      Dean’s South of the Border Iconic Restaurant and Bar
      130 Tamiami Trl, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      85,549 SF

      Fishermen's Village: Waterfront Gem

      Punta Gorda, FL: Marina, Hotel, Retail
      1200 Retta Esplanade, Punta Gorda, FL 33950
      View Details
    • $1,500,000
      0.43 Acres

      Punta Gorda Commercial Land

      Commercial land and business for sale in Punta Gorda, FL.
      1308 Tamiami Trl, Punta Gorda, FL 33950
      View Details
    • $2,250,000

      Taylor Road Commercial Property

      Prime location near I-75 and Punta Gorda Airport.
      4701 Taylor Rd, Punta Gorda, FL 33950
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      63,294 SF

      Bal Harbor Plaza: Punta Gorda Retail

      Prime Punta Gorda Isles retail center
      1133 Bal Harbor Blvd, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      1,500 SF

      Retail Spaces Available Near Publix

      Retail spaces for lease near major tenants and Sunseeker Resort.
      4265 Tamiami Trl, 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
    • 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
    • $395,140

      Retail Space Near Fisherman's Village

      Retail space for lease near downtown Punta Gorda.
      1107 W Marion Ave, Punta Gorda, FL 33950
      View Details
    • Contact for pricing
      1,007 SF

      Retail Space in Punta Gorda

      Retail space available for lease in Punta Gorda, Florida.
      3941 Tamiami Trl, Punta Gorda, FL 33950
      View Details
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    Punta Gorda, FL 33950-3619
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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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