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    Property profile & analytics

    3642 Tamiami Trl Ste B Port Charlotte, FL 33952-8254

    • Retail space
    • 4,650 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2024
    $600,000
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0472953
    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

    • Pop's Barbershop / Barber Shop
    • Sweet Repeat & Consignment / Discount Store / (Bike/Boat/Book/etc) Store

    Property Details for 3642 Tamiami Trl Ste B

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    4,650 SF
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Retail space
    APN
    40-22-22-431-020
    APU
    402222431020

    Description

    This exceptional retail property, located at 3642 Tamiami Trail in Port Charlotte, Florida, presents a compelling investment opportunity. The 5,400 square foot building, constructed in 1960 and extensively renovated in 2023, boasts a desirable location on a 9,500 square foot lot. Currently, 3,650 square feet are owner-occupied, while an additional 1,000 square feet are leased, offering immediate income potential and a possible business sale opportunity. The property benefits from ample parking on both sides of the access road, ensuring convenient access for customers. Zoned CG Commercial General, this versatile space is suitable for a wide range of retail uses. The building features a new roof and updated exterior. Its prime location on Tamiami Trail (SR 41) in the thriving Port Charlotte area guarantees high visibility and accessibility. The lot includes an additional 2,000 square feet of land between Tamiami Trail and the access road, providing further development potential. This well-maintained, freestanding building offers a unique blend of owner-user potential and investment income, making it an attractive proposition for discerning investors seeking a strong return on investment in a dynamic Florida market. The asking price is $749,000. The 33952 zip code ensures easy access to local amenities and a strong customer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $600,000
      ML approach
      $600,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $470,000
      Current use
      MEDICAL BUILDING
      $850,000
      Change: +80% Conversion: Difficult
      WAREHOUSE, STORAGE
      $700,000
      Change: +49% Conversion: Difficult
      OFFICE BUILDING
      $610,000
      Change: +29% Conversion: Easy
      COMMERCIAL (GENERAL)
      $505,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0908
    Latitude
    26.9772
    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
    $7,878
    $0.00
    $0.00
    $326,949
    -
    $93,762
    $265,393
    $359,155

    Comparable in this City

    • Value Estimation by Request
      5,385 SF

      3082 Tamiami Trl, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 5,385 SF
      3082 Tamiami Trl, Port Charlotte, FL 33952-8001
      View Details
    • Value Estimation by Request
      3,895 SF

      4040 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES) • 3,895 SF
      4040 Tamiami Trl, Port Charlotte, FL 33952-8439
      View Details
    • Value Estimation by Request
      1,250 SF

      3351 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      3351 Tamiami Trl, Port Charlotte, FL 33952-8051
      View Details
    • Value Estimation by Request
      2,584 SF

      3083 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES) • 2,584 SF
      3083 Tamiami Trl, Port Charlotte, FL 33952-8052
      View Details
    • Value Estimation by Request
      5,325 SF

      4014 Tamiami Trlf

      RETAIL STORES (PERSONAL SERVICES) • 5,325 SF
      4014 Tamiami Trlf, Port Charlotte, FL 33952-8439
      View Details
    • Value Estimation by Request
      5,077 SF

      3681 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES) • 5,077 SF
      3681 Tamiami Trl, Port Charlotte, FL 33952-8244
      View Details

    Similar Nearby for Sale

    • $599,990
      2,400 SF

      Prime Port Charlotte Storefront

      High-yield retail investment opportunity.
      2715 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $2,995,000
      17,824 SF

      High-Visibility Property on Tamiami Trail

      Strategically located property ideal for retail, medical, or professional use.
      3195 Tamiami Trl, Port Charlotte, FL 33952
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    • $928,000
      6,640 SF

      Multi-Tenant Building on Tamiami Trail

      Free-standing, multi-tenant building with high traffic count in Port Charlotte.
      3057 Tamiami Trl, Port Charlotte, FL 33952
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    • $610,000
      3,847 SF

      Port Charlotte Retail Investment

      3,847 SF Storefront w/ Yard
      3835 Tamiami Trl, Port Charlotte, FL 33952
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    • $1,189,000
      5,640 SF

      Port Charlotte Retail Center

      Multi-tenant retail building, high occupancy.
      3880 Tamiami Trl, Port Charlotte, FL 33952
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    • $850,000

      Free-Standing Retail Building on Tamiami

      5,966 SF retail building on 28,905 SF lot.
      3092 Tamiami Trl, Port Charlotte, FL 33952
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space For Rent

      Retail space available for lease in Port Charlotte, Florida.
      3280 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $15 SF/Yr
      2,280 SF

      Retail Condo on Tamiami Trail

      Retail condo for lease with flexible Commercial General zoning.
      3762 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $18 SF/Yr
      1,200 SF

      Port Charlotte Retail/Office Space

      Retail or office space with great exposure and full access.
      4030 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $65,013

      Tamiami Trail Retail Space

      Move-in-ready retail space with updated features on Tamiami Trail.
      2685 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $20 SF/Yr
      4,193 SF

      High-Traffic Plaza with Drive-Thru

      Flexible retail/office space with drive-thru in a high-traffic location.
      2672-2686 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $15 SF/Yr
      14,277 SF

      Prime Port Charlotte Office Space

      High-traffic location, multiple suites available
      2886 Tamiami Trl, Port Charlotte, FL 33952
      View Details
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    3642 Tamiami Trl Ste B
    Port Charlotte, FL 33952-8254
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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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