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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Turn key restaurants
502 King St 113 Punta Gorda, FL 33950-4952
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-1493568
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,740 SF
Lot
0.45 ac (19,708 SF)
Zoning code
CC
APN
41-23-06-458-001
UPID
US18-1493568
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
-
ATM Atm Professional Services
-
Downtown Gatorz Bar And Grill Bar & Pub Restaurant
-
Loft Punta Gorda Bar & Pub
-
John Ski's House of Breakfast & Lunch Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.31M
Owner & transaction history
Russo Properties Group INC · 8 yrs held
Russo Properties Group INC
since 2017
6 recorded transactions
Zoning & alternative use
CC · Punta Gorda, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
RESTAURANT
$1,955,000
Current use
COMMERCIAL (GENERAL)
$1,775,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,615,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$227 / 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
$14,293
Tax year 2023
Assessed value
$605,675
Assessed 2023
Previous assessed
$608,355
-0.4% YoY
Effective rate
2.36%
On assessed value
Land market value
$295,620
Improvement market value
$636,233
Total market value
$931,853
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
1
Bathrooms
1
Total area
5,740 SF
Lot
0.45 ac (19,708 SF)
Zoning code
CC
APN
41-23-06-458-001
UPID
US18-1493568
Jurisdiction
CHARLOTTE
Zoning & alternative use
CC · Punta Gorda, FL
Zoning 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
Punta Gorda. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
1
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Russo Properties Group INC
Entity
Free & Clear · 8 yrs held
Mailing address
17080 BEST AVE, PORT CHARLOTTE, FL 33954-2712
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2017
—
Russo Properties Group INC
Russo,paul
Quit Claim Deed
related
—
May 15, 2008
$500,000
Paul V Russo
Cranmer,brian & Anna
Warranty Deed
$530,000 · Charlotte State Bank
Dec 21, 2007
$200,000
Brian Cranmer
Vu,hung
Warranty Deed
—
Aug 31, 2005
$450,000
Hung Vu
Vmr LLC
Warranty Deed
$395,000 · Vmr LLC
Sep 24, 2002
$55,800
V M R LLC
Fredericks,hans H & Mildred
Grant Deed
—
—
—
Vmr LLC
—
Deed Of Trust
related
$99,750 · Southtrust Bank NA
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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