Property profile

602 Drury Ln Punta Gorda, FL 33950

OFF-MARKET
Commercial land
Property ID
US18-5401062
2,028 SF 0.97 ac lot Built 1973
Entity Owned Absentee Owner
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Property summary

AI-generated overview

The property is a nearly one-acre commercial site in Punta Gorda, Florida, zoned OMI, with flexible development and use potential. It comprises four combined plotted lots and includes two entrances. Site improvements include partial clearing with fill dirt added, a central road base constructed of asphalt millings, and drainage ditches. The property is described as grandfathered for multifamily use and can be developed into up to eight rental units. In addition to multifamily, it is indicated to support OMI uses such as medical, office, and institutional uses, and it is stated that the parcels may be eligible for rezoning to CG (Commercial General) for uses including storage, RV park, outdoor storage, warehouse, hotel, and restaurant. The site is located across from Fat Point Brewery, approximately 1.2 miles from the interstate and 1.5 miles from downtown Punta Gorda, and Punta Gorda Airport is under 3 miles away.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,028 SF
Lot 0.97 ac (42,300 SF)
Zoning code OMI OFFICE, MEDICAL, INST
APN 41-23-05-256-012
UPID US18-5401062

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

602 Drury Ln Punta Gorda, FL 33950-4120
Punta Gorda metro Census 10302 PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$330k

Owner & transaction history

since 2026
7 recorded transactions
2026
$100,000
2019
$96,000
2014
Price N/A
2014
$12,000
2014
$400
2002
$35,000
1998
$16,000

Zoning & alternative use

OMI OFFICE, MEDICAL, INST · Punta Gorda, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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