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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Medical Office Space
329 Olympia Ave Punta Gorda, FL 33950-3833
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-4083820
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
TILT-UP CONCRETE
Total area
8,001 SF
Lot
0.45 ac (19,596 SF)
Zoning code
CC
APN
41-23-06-409-003
UPID
US18-4083820
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trabajo Punta Gorda Hospital
-
Radiology Solutions LLC Physician Medical Clinic
-
Christine Straessle, Physician
-
Dr. Chetan Vedvyas Physician Medical Clinic
-
Florida Skin Center - Punta Gorda Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.36M
Owner & transaction history
Hb Family LP Ltd · 9 yrs held
Hb Family LP Ltd
since 2017
5 recorded transactions
Zoning & alternative use
CC · Punta Gorda, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The City Center District is provided to encourage the redevelopment and expansion of the traditional town center. A broad array of uses is expected in a pattern which integrates shops, restaurants, services, work places, civic, educational, and religious facilities, and higher density housing in a compact, pedestrian oriented environment. The City Center anc…
Zone name
City Center
General category
CIVIC_INSTITUTIONAL
Zone area
166.25 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$2.3M
+18.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Punta Gorda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Punta Gorda submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,910,000
Current use
AUTO REPAIR, GARAGE
$2,255,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,855,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$1,645,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$169 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,562
Tax year 2023
Assessed value
$639,819
Assessed 2023
Previous assessed
$1,082,230
-40.9% YoY
Effective rate
2.43%
On assessed value
Land market value
$294,400
Improvement market value
$1,088,361
Total market value
$1,382,761
Applied tax rate
154.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
8
Bathrooms
6
Total area
8,001 SF
Lot
0.45 ac (19,596 SF)
Zoning code
CC
APN
41-23-06-409-003
UPID
US18-4083820
Jurisdiction
CHARLOTTE
Zoning & alternative use
CC · Punta Gorda, FLZoning CC · permitted uses
CC · Punta Gorda, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The City Center District is provided to encourage the redevelopment and expansion of the traditional town center. A broad array of uses is expected in a pattern which integrates shops, restaurants, services, work places, civic, educational, and religious facilities, and higher density housing in a compact, pedestrian oriented environment. The City Center anchors the surrounding residential neighborhoods while also serving the broader community. The district is coded to accommodate the higher overall intensity of development required to support a City. It is to be expected that the City Center District will be expanded over time to meet growth in demand for downtown facilities and services
Zone name
City Center
General category
CIVIC_INSTITUTIONAL
Zone area
166.25 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
8
Bathrooms
6
Lot
0.45 ac
Current owner
From public records · entity-resolved
Hb Family LP Ltd
Entity
Free & Clear · 9 yrs held
Mailing address
13320 PONDEROSA WAY, FORT MYERS, FL 33907-7822
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2017
$56,429
Hb Family LP Ltd
Ecp LLC A Delaware
Warranty Deed
—
Jul 21, 2015
$365,700
Ecp Property I LLC
Southwest Florida Regi Coc
Trustees Deed
—
—
—
Olympiad Partnership
—
Deed Of Trust
related
$40,905 · First Union National Bank
—
—
Ecp Property I LLC
—
Deed Of Trust
related
$32,909,106 · Pacific Wstrn Bk
—
—
Olympia Ptshp LLP
—
Deed Of Trust
related
$350,000 · Florida Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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