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    Property profile & analytics

    3883 Tamiami Trl Port Charlotte, FL 33952-9201

    • Turn key restaurants
    • 5,776 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    May 08, 2024
    $1,850,000
    Value Estimations
    $1,850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1687962
    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

    • Luigi's Pizzeria of swfl / Restaurant
    • West Florida Real Estate Investors Association / Association Or Organization

    Property Details for 3883 Tamiami Trl

    Year built
    1974
    Construction
    CONCRETE BLOCKS
    Lot size
    0.51 lot acres
    Property size
    5,776 SF
    Zone code
    CG COMMERCIAL-GENERAL
    Property type
    Turn key restaurants
    APN
    40-22-23-360-001
    APU
    402223360001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,850,000
      ML approach
      $1,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,314,000
      Market price range: $1.31M - $2.66M
      AI Estimate
      $1,314,000
      Market price range: $1.31M - $2.66M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,970,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,180,000
      Change: +11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,730,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0859
    Latitude
    26.9718
    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
    $15,192
    $0.00
    $0.00
    $594,461
    -
    $275,900
    $269,769
    $545,669

    Comparable in this City

    • Value Estimation by Request
      1,371 SF

      3822 Tamiami Trl

      RESTAURANT • 1,371 SF
      3822 Tamiami Trl, Port Charlotte, FL 33952-8353
      View Details
    • Value Estimation
      $575,000
      2,520 SF

      3816 Tamiami Trl

      RESTAURANT • 2,520 SF
      3816 Tamiami Trl, Port Charlotte, FL 33952-8353
      View Details
    • Value Estimation
      $1,400,000
      8,387 SF

      2746 Tamiami Trl

      RESTAURANT • 8,387 SF
      2746 Tamiami Trl, Port Charlotte, FL 33952-5129
      View Details
    • Value Estimation
      $910,000
      3,994 SF

      4109 Tamiami Trl

      RESTAURANT • 3,994 SF
      4109 Tamiami Trl, Port Charlotte, FL 33952-9212
      View Details
    • Value Estimation
      $650,000
      2,715 SF

      3591 Tamiami Trl

      RESTAURANT • 2,715 SF
      3591 Tamiami Trl, Port Charlotte, FL 33952-5528
      View Details
    • Value Estimation
      $1,485,000
      6,512 SF

      3492 Tamiami Trld

      RESTAURANT • 6,512 SF
      3492 Tamiami Trld, Port Charlotte, FL 33952-8127
      View Details

    Similar Nearby for Sale

    • New
      $225,000

      Turnkey Restaurant on US-41

      Established European restaurant for sale in prime location.
      2414 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $1,189,000
      5,640 SF

      Port Charlotte Retail Center

      Multi-tenant retail building, high occupancy.
      3880 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $1,999,000
      7,870 SF

      Fully Leased Strip Mall Investment

      High-traffic strip mall near new downtown development.
      3231 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $610,000
      3,847 SF

      Port Charlotte Retail Investment

      3,847 SF Storefront w/ Yard
      3835 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $349,000
      2,200 SF

      Mixed-Use Property in Port Charlotte

      2200 SF property suitable for daycare, assisted living, or office.
      20341 Midway Blvd, Port Charlotte, FL 33952
      View Details
    • $599,990
      2,400 SF

      Prime Port Charlotte Storefront

      High-yield retail investment opportunity.
      2715 Tamiami Trl, Port Charlotte, FL 33952
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      14,277 SF

      Prime Retail/Office Suites on US-41

      Multiple suites available in a high-visibility Port Charlotte strip center.
      2886 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
      4,650 SF

      Renovated Retail Space on Tamiami Trail

      Prime commercial property with high visibility and flexible zoning.
      3642 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • 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
    • $8 SF/Yr
      15,451 SF

      Medical/Retail Space on Tamiami Trail

      Medical and retail spaces available in Port Charlotte, Florida.
      3524 Tamiami Trl, Port Charlotte, FL 33952
      View Details
    • $15 SF/Yr
      15,450 SF

      Silvestre Professional Center: Port Charlotte

      Prime Medical & Office Space, US-41
      3524 Tamiami Trl, Port Charlotte, FL 33952
      View Details
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    Port Charlotte, FL 33952-9201
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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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