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    328 Myers St Port Charlotte, FL 33953
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    328 Myers St Port Charlotte, FL 33953

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    • Commercial real estate
    For Sale
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    Port Charlotte Single-Family Lot For Sale
    Contact for pricing
    0.23 Acres

    Port Charlotte Single-Family Lot

    Desirable Port Charlotte location, excellent choice for building.

    328 MYERS STREET, Port Charlotte, FL 33953
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    Property ID
    US18-4360852
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 328 Myers St

    Property type
    Commercial real estate

    Description

    This exceptional 10,000 square foot buildable lot is located at 328 Myers St, Port Charlotte, FL 33953. Priced at $24,500, this residential land offers a fantastic opportunity to build your dream home in a desirable location. Enjoy the vibrant South Florida lifestyle with easy access to a wealth of amenities. Just minutes away, you'll find the commercial center of Port Charlotte, brimming with shopping, dining, and golf courses. For additional shopping options, Cocoplum shopping center in nearby North Port is also easily accessible. The beautiful beaches are just minutes from your doorstep, providing endless opportunities for relaxation and recreation. Convenient access to I-75 allows for quick trips to the pristine beaches of Boca Grande or Manasota Key. Don't miss this chance to own a piece of paradise and create the home you've always envisioned. This lot is situated in Charlotte County and its prime location ensures a quick sale, so act fast!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.2012249
    Latitude
    27.023839

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      Residential land for sale in Port Charlotte, Florida.
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      Residential single-family home zoned lot in Port Charlotte, Florida.
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      Port Charlotte Land Near Amenities

      Residential land in Port Charlotte, close to beaches and shopping.
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      Vacant Lots in Port Charlotte

      Three adjacent vacant lots ready for mobile or conventional home.
      14417 Armada Rd, Port Charlotte, FL 33953
      View Details

    Similar Nearby for Sale

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      View Details
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      Residential Land in Port Charlotte

      Residential land for sale in Port Charlotte, Florida.
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      Port Charlotte Double Lot

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      Residential Land in Port Charlotte

      Residential single-family home zoned lot in Port Charlotte, Florida.
      12507 Richey Ave, Port Charlotte, FL 33953
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      0.26 Acres

      Port Charlotte Land Near Amenities

      Residential land in Port Charlotte, close to beaches and shopping.
      12551 Ranch Ave, Port Charlotte, FL 33953
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    • $85,000
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      Vacant Lots in Port Charlotte

      Three adjacent vacant lots ready for mobile or conventional home.
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      View Details

    Similar Nearby for Lease

    • $20,904

      Commercial Land For Rent

      Commercial land available for rent in Port Charlotte, Florida.
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      Commercial Lot on Franklin Avenue

      Commercial lot zoned CG, great location for various businesses.
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    View Listing
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    328 Myers St
    Port Charlotte, FL 33953
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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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