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    5310 Fairway Dr Punta Gorda, FL 33982

    • Private islands
    • 1 SF
    • 0.25 lot acres
    For Sale
    View listing
    $35,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6796396
    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

    • Private islands

    Property Details for 5310 Fairway Dr

    Lot size
    0.25 lot acres
    Property size
    1 SF
    Property type
    Private islands
    APN
    412303230004

    Description

    This exceptional 0.25-acre island property in Punta Gorda, Florida, presents a unique investment opportunity. Located at 5310 S Fairway Dr, 33982, in the desirable Southwest Florida ECAP area, this mixed-use, multifamily land parcel offers significant potential for development. Currently featuring three units, the property is ideally situated near downtown Punta Gorda, Fisherman's Village, and Allegiant's new Sun Seeker resort, ensuring high visibility and accessibility. The proximity to schools and numerous planned developments in the Willow Park area, including Lennar Homes projects, further enhances its appeal. Charlotte County's robust growth, fueled by the expanding Punta Gorda airport and industrial park, creates a favorable market for both residential and commercial ventures. The property's zoning allows for potential conversion to commercial use, capitalizing on the construction of a new Publix-anchored shopping center nearby. This is one of eight similar lots available in the immediate area. The seller is open to exploring exchange options or owner financing. The asking price is $35,000, reflecting a price per square foot of $35,000. The property's APN is 412303230004.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.0011453
    Latitude
    26.9397555

    Comparable in this City

    • $35,000
      0.25 Acres

      Punta Gorda Mixed-Use Investment

      Three-unit property, prime location, owner financing.
      5128 Fairway Dr, Punta Gorda, FL 33982
      View Details
    • $35,000
      0.25 Acres

      Punta Gorda Mixed-Use Investment

      Three-unit property, prime location, development potential.
      5136 Fairway Dr, Punta Gorda, FL 33982
      View Details
    • $39,500

      Waterfront Lot in 55+ Community

      Spacious waterfront lot in 55+ community with river access.
      4300 Riverside Dr, Punta Gorda, FL 33982
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    • $59,000
      0.14 Acres

      Riverfront Lot in Punta Gorda

      Riverfront mobile home lot with utilities in place and outstanding views.
      4300 Riverside Dr, Punta Gorda, FL 33982
      View Details
    • $174,950

      Waters Edge Resort Mobile Home

      55+ community near Punta Gorda Airport and downtown.
      6800 Golf Course Blvd, Punta Gorda, FL 33982
      View Details
    • $139,000

      Punta Gorda Multifamily Property

      Multifamily property for sale in Punta Gorda, Florida.
      126 Lazy Lagoon Dr, Punta Gorda, FL 33982
      View Details

    Similar Nearby for Sale

    • $35,000
      0.25 Acres

      Punta Gorda Mixed-Use Investment

      Three-unit property, prime location, development potential.
      5136 Fairway Dr, Punta Gorda, FL 33982
      View Details
    • $35,000
      0.25 Acres

      Punta Gorda Mixed-Use Investment

      Three-unit property, prime location, owner financing.
      5128 Fairway Dr, Punta Gorda, FL 33982
      View Details
    • $39,500

      Waterfront Lot in 55+ Community

      Spacious waterfront lot in 55+ community with river access.
      4300 Riverside Dr, Punta Gorda, FL 33982
      View Details
    • $174,950

      Waters Edge Resort Mobile Home

      55+ community near Punta Gorda Airport and downtown.
      6800 Golf Course Blvd, Punta Gorda, FL 33982
      View Details
    • $59,000
      0.14 Acres

      Riverfront Lot in Punta Gorda

      Riverfront mobile home lot with utilities in place and outstanding views.
      4300 Riverside Dr, Punta Gorda, FL 33982
      View Details
    • $100,000
      0.17 Acres

      Waterfront Lots in 55+ Community

      Two adjacent waterfront lots in Pelican Harbor, Punta Gorda, Florida.
      6604 Palmwood Ct, Punta Gorda, FL 33982
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      1 SF

      Fort Myers Storage Lot Lease

      1.209 AC storage lot for lease in Fort Myers.
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    • Contact for pricing
      195,974 SF

      Prime Punta Gorda Retail Space

      Florida retail space, ample parking.
      31 & Saw Palmetto Pkwy, Punta Gorda, FL 33982
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    • $14 SF/Yr
      115,363 SF

      Punta Gorda Industrial Warehouse

      115,363 SF industrial warehouse for lease in Punta Gorda.
      28010 Commerce Lk Dr, Punta Gorda, FL 33982
      View Details
    • Contact for pricing
      228,034 SF

      Midtown Punta Gorda Retail Space

      Prime Retail, Multiple Units Available
      0 Cypress Pkwy, Punta Gorda, FL 33982
      View Details
    • $21,000

      Enterprise Charlotte Airport Park Warehouse

      Warehouse units near Punta Gorda Airport with convenient highway access.
      28041 101, Punta Gorda, FL 33982
      View Details
    • $11 SF/Yr
      18,000 SF

      Warehouse Space in Industrial Park

      18,000± SF warehouse space available for lease.
      5445 Williamsburg Dr, Punta Gorda, FL 33982
      View Details
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    Punta Gorda, FL 33982
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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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